Merchandise categories used by a retailer in forecasting and budgeting are commonly referred to as ________.

Question

Quizplus · Accepted Answer

The merchandise categories used by a retailer in forecasting and budgeting are referred to as control units. Control units are used to help the retailer better manage their inventory, sales, and profits by grouping similar products together for analysis and decision-making purposes. Strategic business units refer to separate business entities within a company that operate independently, while SIC classifications and UPC classifications are industry and product codes respectively, not merchandise categories for forecasting and budgeting.

Merchandise Categories Used by a Retailer in Forecasting and Budgeting