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VM&P-III Module-I, II, III
VM&P-III Module-I, II, III
It has long been recognized that consumers respond to more than just
the core product or service being offered when making purchase
decisions; they respond to the total product.
One of the most important features of the total product can be the place
where it is bought or consumed. In some instances, the place, or to be
more specific, the atmosphere of the place, is more influential than the
product itself in the purchase decision (Kotler 1973).
Merchandise planning:
The first function of merchandising planning is making a strategic plan, which
is normally for five years or more and is used to set the critical success factors
for merchandising in terms of sales, margins and stocks.
In assortment plan, the goal of merchandise plan are divided into specific lines in
such a way that the division results in the increase of overall marginal mix.
Walls are not elastic space should be allocated to the available products as per the
expectation of the customers to deliver best results.
Via design features, attitudes and images are created; that is,
store personalities are created and shaped, and these
personalities friendly, upper-class, aloof, high quality, low
priced, convenient, warm, inviting, cool, haughty, etc. - are in
turn meant to affect customer attitudes and images and hence
to shape behaviour these attitudes and images affect questions
of store choice and store loyalty (p. 51).