Assortment

Assortment

The variety of products that a retailer offers for sale to meet the diverse preferences and needs of its customers.

Related Terms

Mass Merchandizer

Also refered to as mass market retailer, it is a retail business that sells a wide

Just in time inventory

An inventory management that is focused on optimizing inventory levels by receiving raw materials and components

Markdown Pricing

A pricing strategy where retailers lower the prices of products to boost sales and manage inventory