Standard 5: Product/Service Management
“What I need to know!”
I know the definition of the following terms:
Product life cycle
o Trade name
o Brand name
o Trade character
I can explain the significance of varying the product mix by season.
“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
“What I can demonstrate.”
Develop seasonal assortment strategies
Determine stock turnover
Determine when to buy/reorder
Describe the brand assortment in the store.
“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.