DSNM 263
ADVERTISING AND PROMOTION FOR DESIGN
- Catalog entry
DSNM 263. Merchandising Mathematics
Three hours lecture (3).
Prerequisites : DSN 110 (Grade of “C” or better) and DSN 111 (Grade of “C” or better).
A study of the retail mathematics practices used in the procurement and sales of apparel and interior products. Student cannot receive credit if previously taken DSNF 263.DSNM 243.
- Detailed Description of Content of Course
The student is exposed to accounting and financial procedures specific to the acquisition and sale of apparel and interior products/services at the wholesale and retail levels. Topics covered include: the nature of retail merchandising; components of profit/loss; markon (individual, cumulative, and average); shipping terms and dating; purchase orders and invoices; gross margin concepts; six-month merchandise planning; dollar open-to-buy planning; and merchandise assortment planning.
- Detailed Description of Conduct of Course
Course content is delivered through lecture. Active learning techniques will be employed to stimulate student learning.
- Goals and Objectives
Upon successful completion of this course, the student will demonstrate:
- Knowledge of retail math applications for product procurement and sales.
- Ability to apply basic principles of merchandising math to plan, buy, and sell.
- Ability to utilize basic spreadsheet applications to enhance productivity and accuracy.
- Understanding of the ramification of profit and loss on a firm.
- Critical thinking in merchandising math problem solving.
- Assessment Measures
Exams will be used.
- Other Course Information
This course is required for all DSNM majors. Offered twice during the year, once in Spring semester and another in Summer.
- Approval and Subsequent Reviews
DATE ACTION REVIEWED BY
Dec 2002 New Course Dr. Susan Barnard, Chair |