Supermarkets

Supermarkets

Terms that are in relation to the biggest kind of retail store.

Industry: Retail

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Supermarkets

Cheque approval

Retail; Supermarkets

A manager's approval for a customer's check.

Table allowance

Retail; Supermarkets

A manufacturer 's allowance to a retailer to display or highlight a product on supplemental tables, such as bottled catsup. Also called a Table Display Allowance (TDA).

Price protection

Retail; Supermarkets

A manufacturer, wholesaler or retailer agreement to maintain a product's price for a set period of time.

Stock status report

Retail; Supermarkets

A management report showing the current inventory level in-house or in-transit for a department, section or category.

Buying committee

Retail; Supermarkets

A management review committee that analyses and selects new products, deals and special promotions. See advisory board; merchandising committee; plans committee.

Over & under

Retail; Supermarkets

A management standard for cash-register receipts and for inventory discrepancies, e.g., breakage, price adjustments.

Activity based management (ABM)

Retail; Supermarkets

A management strategy used in Efficient Consumer Response (ECR), based on principles of activity based costing. See activity based costing; Efficient Consumer Response.