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Why do speciality stores fall into the category of high mark up, low volume group? what is meant by low volume group?
why do speciality stores fall into the category of high mark up, low volume group? what is meant by low volume group?
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Ronak kumari upadhyay Best Answer
Dear sajitha In simple words Low volume group means limited items and high Mark up- low volume means limited items with high retail price. I give you an example with nike shoes. Nike shoes Store will not have so many products but only shoes for athletes and very costly products they are. so the speciality is athelete shoes the mark price is very high and volume is low. hope it is clear to you.
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Ronak kumari upadhyay![best-answer]()
Dear sajitha In simple words Low volume group means limited items and high Mark up- low volume means limited items with high retail price. I give you an example with nike shoes. Nike shoes Store will not have so many products but only shoes for athletes and very costly products they are. so the speciality is athelete shoes the mark price is very high and volume is low.