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Result for the keyword: P
 
Packing Slip
A slip that accompanies each carton of goods in a shipment and that gives the list of products and quantities of each product in the carton.
Penetration pricing
A pricing strategy that uses low profit margins to generate greater sales; usually used to quickly gain market share.
Per sq ft per day (PSFPD)
This refers to sales per sq. ft. per day. It refers to the sales achieved on a per foot basis everyday. Also see Sales Per Foot (SPF).
Periodic inventory
A method of determining the value of retail merchandise at periodic intervals by performing a physical count of the items in stock.
Perpetual inventory control
A method of inventory control in which the number of units and the total value of inventory can be obtained at any time from the stock records. In this method all additions (purchases) and withdrawals (sales) are recorded as they occur, in order to provide a running stock balance. Physical verification of the same is done by counting a certain number of items on a regular basis (daily, weekly or monthly) so that, by the year end, every item has been physically counted at least once. If there is any mismatch (due to human error, leakage, pilferage, loss) between the physical quantity and the quantity shown in the inventory records, the records are adjusted accordingly.
Picking ticket
A list of items used at the warehouse for physically gathering items for shipment. Picking tickets typically include item and customer information, where the item is physically located (the bin), quantity ordered, and a place to write the actual quantity of the item being shipped.
Pilferage
Theft in a store. This could be theft by consumers or by staff.
Pilferage
Theft. Goods that go missing because they are stolen.
Pink collar worker
A person who is holding a job in the type of employment traditionally held by women e.g. secretarial, phone operators, nursing, waiting on tables etc (also see White Collar and Blue Collar workers)
Planogram
A planogram is a visual plan showing the physical allocation of products within a Store.
PLI: Performance Linked Incentive
Money received by an employee as incentive for good performance.
Point –of Purchase (POP)
The physical location at which goods or services are sold to customers. Also called Point of Sale.
Point of Sale (POS)
The physical location at which goods or services are sold to customers. Also called Point of Purchase.
Post-Purchase Dissonance
A condition of conflict or anxiety post making a purchase. This could be as a result of inconsistency between one's beliefs and one's actions e.g. being against the slaughter of animals and buying a snakeskin bag, or on account of feeling that one has made an incorrect decision e.g. the product was beyond the budget.
Predatory Pricing
A pricing strategy that attempts to destroy competition by selling goods and service at extremely low prices.
Prestige pricing
A pricing strategy that assumes consumers will not buy goods and services at prices deemed too low, since they may fear it is of poor quality
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