Mathematics for Retail Buying: Bundle Book + Studio Access Card - Softcover

Tepper, Bette K.; Greene, Marla

Softcover

ISBN 10: 1501315722 ISBN 13: 9781501315725

Publisher: Fairchild Books, 2016

Synopsis

Mathematics for Retail Buying, 8th Edition, introduces merchandising and retailing students to the most important concepts in retail math through step-by-step examples with practice problems and solutions. Coverage begins with the skeletal profit and loss statement, and moves through retail pricing and repricing of merchandise, markups, markdowns, the retail method of inventory, six-month, and assortment planning. This extensively updated edition introduces a new co-author and a practical approach that incorporates actual retail scenarios and concepts that are relevant to the fashion industry today. The book has been reorganized into six chapters, each covering a mathematical factor that affects the gross margin and profitability key to the success of any merchandise buyer or planner. The new edition also integrates current retail business metrics and an increased focus on the six-month planning process, including a new assortment planning section with examples.

New to This Edition:
- Reorganized Chapters 1 and 6 reflect the order of prior editions and open the textbook with the discussion of merchandising for profit and profit and loss concepts
- Chapter 5, Six-Month Planning and Components, expanded to include more coverage of assortment planning with a new "Formulating a Six-Month Plan" case study
- More than 50% of practice problems in each chapter are new or have been updated to reflect current industry practice
- Includes 4 new case studies that illustrate practical retailing situations and common obstacles and difficulties encountered in real-life merchandising


Features
- All applicable concept problems are expressed in spreadsheet as well as traditional arithmetic format
- Select Answers at the end of the book helps students check their understanding as they complete Practice Problems
- Key Concept Formulas at the beginning of each chapter and a complete Glossary of Concept Formulas at the end of the book provide easy reference

Mathematics for Retail Buying STUDIO
-Study smarter with self-quizzes featuring scored results and personalized study tips
-Review concepts with flashcards of terms and definitions and key formulas
-Practice your skills by computing Practice Problems from the text, now available digitally with formulas embedded in the Excel spreadsheets
-Enhance you knowledge with additional real world case studies and activities for each chapter

Instructor Resources
-Answer Manual provides demonstrative step-by-step solutions to all practice problems
-Test Bank offers exams for each chapter
-PowerPoint presentations provide a framework for lecture and discussion


This bundle includes Mathematics for Retail Buying, 8th Edition and Mathematics for Retail Buying STUDIO Access Card.

About this title

About the Authors

Bette Tepper is a founding faculty member of the Fashion Management Department at the Fashion Institute of Technology (FIT) where she taught for more than 30 years, and served as Assistant Chairperson of Marketing Fashion and Related Industries Department. Prior to FIT, Tepper taught retail buying at the Laboratory Institute of Merchandising (now LIM College). She is a former fashion apparel buyer for Bloomingdale's and continually conducted seminars for major fashion apparel manufacturers showing their relevancy to the retailer's basic math fundamentals. Tepper was the primary contributor to a U.S. government grant to FIT and coauthored a specialized instruction pamphlet issued by the U.S. Office of Education designed to develop or enhance for Distributive Education competencies associated with the marketing of apparel, with special emphasis given to fashion buying. In retirement as an Associate Professor, she continued to teach math courses.

Marla Greene is an Associate Professor of Fashion Merchandising at LIM College, NYC, USA, teaching courses in Merchandise Planning and Control, Buying and Merchandise Math and Advanced Buying and Planning. She spent 27 years in the retail industry working as a Merchandise Manager/Buyer for Liz Claiborne Outlets, Belk Stores, Ross Stores and Kids R Us. She coordinates the Retail curriculum at LIM College for all faculty, serves as the faculty advisor for the National Retail Federation Student Association (NRFSA) and as co-mentor for the Fashion Scholarship Fund (FSF) student case study competition.

Edition details

• Publisher: Fairchild Books
• Publication date: 2016
• Language: English
• ISBN 10: 1501315722
• ISBN 13: 9781501315725
• Binding: Paperback
• Number of pages: 387