Assortment refers to various products under one specific category. Including assortment planning with supply chain considerations in Section 44 assortment planning with demand learning and assortment changes during the selling season in Section 45 and multi-category assortment planning that considers the interactions between dierent categories due to existence of basket shopping consumers in Section 46.
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The variety of categories refers to the width of your assortment while the variations within that category is the depth of your assortment.
Difference between variety and assortment with examples. The following are common types of business model based on product variety. On average in-store shoppers spend more than online shoppers. In addition variety is often referred to as the breadth of merchandise carried by the retailer and assortment is.
Product assortment is characterized by its breadth length depth. Why is assortment planning important. As nouns the difference between assortment and variety is that assortment is a collection of varying but related items while variety is the quality of being varied.
For instance a store may only stock four items of eachSKU but their product breadth the variety may consistof 3000 different types of products. Assess the variety and assortment levels of goods for each type of merchandise retailer Imagine the difference between shopping at a Macys a Staples a shoe store and a Wal-Mart. On the basic level variety is just a collection of different products whereas assortment is a collection of variations of a single product.
Variety is more a state of being There are a variety of answers You should eat a variety of foods Variation is more of an act of change Prices are subject to variation There was a significant variation in quality between the two brands of furniture. A wide varietythe opposite of a narrow variety. Variety refers to several category options available in the market.
For example a grocery store that provides a lot of different products but only stocks one or two brands for each type of product is employing a wide assortment strategy. Product assortment is the different types of product lines and products that a company produces or a retailer offers for sale. For example a big hospital that can treat a significant variety of diseases and conditions.
The main difference between variety and assortment is that variety refers to the number of different merchandise categories a retailer sells whereas assortment is the number of different items or SKUs in a merchandise category. As a determiner various is. It is also known asproduct assortment widthmerchandise breadth andproduct line width.
As adjectives the difference between assorted and various is that assorted is comprised of a number of different kinds or types. For instance the BMW 7 series model line ups have different variations according to the cc of the engines and the different specifications in terms of luxury like the 728 735 735li 740i 740. In assortment the differentiation is in terms of brands.
As a verb assorted is assort. The main difference between variety and assortment is that variety refers to the number of different merchandise categories a retailer sells whereas assortment is the number of different items or SKUs in a merchandise category. It aims to provide more variety in the types of product lines offered but does not provide a high number of products in each product line.
In its most basic definitionproduct breadthis the variety of product lines that a store offers. Variation is commonly used to describe the different classes or options in a certain product. Product variety is a class of business models that seek a competitive advantage by offering more variety than the competition.
These retailers all differ in their assortments and you likely wouldnt buy everything you need from just one of them. The main difference between variety and assortment is that variety refers to the number of different merchandise categories a retailer sells whereas assortment is the number of different items or SKUs in a merchandise category. A deep assortment the opposite of a narrow assortmentof products means that a retailer carries a number of variations of a single product.
Miscellaneous while various is having a broad range of different elements.
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