• Standard 5:  Product/Service Management

    Knowledge

    Targets

     

    “What I need to know!”

    I know the definition of the following terms:

     

    *      Product Planning

    *      Product Mix

    *      Product Line

    *      Product width

    *      Product depth

    *      Product life cycle

    *      Brand

    *      Introduction

    o           Trade name

    o    Growth

    o           Brand name

    o    Maturity

    o           Trade character

    o    Decline

    o           Trademark

     

    I can explain the significance of varying the product mix by season.

     

    Reasoning

    Targets

     

    “What I can do with what I know.”

    *      Select mix of brands

    *      Plan merchandise assortment

    *      Determine when to buy/reorder using mini/max and POS inventory report

    Skills

    Targets

     

    “What I can demonstrate.”

    *      Develop seasonal assortment strategies

    *      Determine stock turnover

    *      Determine when to buy/reorder

    *      Describe the brand assortment in the store. 

    Product

    Targets

     

    “What I can make to show my learning.”

    *      I can prove adherence to the performance indicators within the financial analysis through documentation of work in the SBE. 

    *      I can explain the significance of a varied product mix by season.

    *      I can describe the reordering process. 

    *      Analyze new vendors and profit margins.

    Common Core Standards

    ENGLISH:  RESEARCH TO BUILD AND PRESENT KNOWLEDGE

    *      Use technology, including the Internet, to produce and publish writing and to interact and collaborate with others.

    *      Conduct short as well as more sustained research projects based on focused questions demonstrating understanding of the subject under investigation

    *      Gather relevant information from multiple print and digital sources, access the credibility and accuracy of each source, and integrate the information while avoiding plagiarism.

    Vocabulary Acquisition and Use

    *      Determine or clarify the meaning of unknown and multiple-meaning words and phrases by using context clues, analyzing meaningful word parts, and consulting general and specialized reference materials, as appropriate.

    *      Acquire and use accurately a range of general academic and domain-specific words and phrases sufficient for reading, writing, speaking, and listening at the college and career readiness level; demonstrate independence in gathering vocabulary knowledge when considering a word or phrase important to comprehension or expression.