Distinguish between:

(a) Stock turn and stock to sales ratio

(b) Premium pricing and economy pricing

a) Turnover and Stock/Sales Ratio
The retailer constantly monitors both the stock/sales ratio and the stock turnover in order to maintain stock levels that are conducive to  profitable retail operations. Stock/sales ratios are adjusted throughout the six month selling period and stock turnover is evaluated for the entire  season in order to develop more efficient and profitable merchandising activities and policies.

As previously discussed, both stock/sales ratio and turnover describe a relationship between sales and stock or inventory. Stock/sales ratio relates stock to sales, and turnover indicates how quickly the average inventory is sold and then replenished during a given period of time.  Stock/sales ratio is usually calculated for a monthly period, while the turnover is calculated for a __________ __________ ___ ___ _____ _____ ___ ______ _______.
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