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Retail

Related to the sale of commercial goods from a fixed location for direct use by the consumer.

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Contributors in Retail

Retail > Supermarkets

buying committee

Retail; Supermarkets

A management review committee that analyzes and selects new products, deals and special promotions. See advisory board; merchandising committee; plans committee.

over & under

Retail; Supermarkets

A management standard for cash-register receipts and for inventory discrepancies, e.g., breakage, price adjustments.

activity based management (ABM)

Retail; Supermarkets

A management strategy used in Efficient Consumer Response (ECR), based on principles of activity based costing. See activity based costing; Efficient Consumer Response.

avoid verbal orders (AVO)

Retail; Supermarkets

A management system that requires written notice of changes in policies and procedures.

supervisor

Retail; Supermarkets

A manager designated to supervise a certain area or number of stores.

check approval

Retail; Supermarkets

A manager's approval for a customer's check.

Federal Insurance Contributions Act (FICA)

Retail; Supermarkets

A mandatory withholding used for Social Security.

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