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"A good retail promotional plan requires coordination in terms of media and timing. A good ...
"A good retail promotional plan requires coordination in terms of media and timing. A good promotional plan also needs to be coordinated with the other elements of the retail mix." Explain this statement.
"The budgeting process for indirect costs and functional account expenses is more difficult ...
"The budgeting process for indirect costs and functional account expenses is more difficult than for direct costs and natural account expenses." Explain this statement.
A food-oriented retailer wishes to compile a list of 50 key nonfood items (in terms of sales, ...
A food-oriented retailer wishes to compile a list of 50 key nonfood items (in terms of sales, inventory turnover, and profitability). Outline internal secondary data sources for this problem.
A manager has prepared a forecast of expected aggregate demand for the next six months. Develop an ...
A manager has prepared a forecast of expected aggregate demand for the next six months. Develop an aggregate plan to meet this demand given this additional information: A level production rate of 100 units per month will be used. Backorders are allowed, and they are charged at the rate of $8 per unit per month. Inventory holding costs, using average monthly inventory levels, are $1
A retailer compared its key business ratios with data available from secondary sources. The retailer ...
A retailer compared its key business ratios with data available from secondary sources. The retailer noted poorer than average performance on the following ratios: current ratio, collection period, and overall gross profit. Develop specific recommendations in improving the performance on these ratios.
A trade surplus occurs as a result of which of the following?
A trade surplus occurs as a result of which of the following?
A) a steep national currency depreciation B) an imbalance in currency exchange rates C) a nation's imports exceed its exports D) a nation's exports exceed its imports
Question 2
When a firm allows others to use a business system in exchange for
A. Compare the organizational arrangements used by small independent retailers to those used by ...
a. Compare the organizational arrangements used by small independent retailers to those used by chain retailers. b. What factors account for the difference in organizational arrangements?
A. Describe how to use the economic order quantity (EOQ) formula in planning reorder quantities.b. ...
a. Describe how to use the economic order quantity (EOQ) formula in planning reorder quantities. b. What important aspects of reorder quantity planning does the EOQ formula not include?
A. Describe the advantages and disadvantages of the use of zero-based budgeting.b. Describe the ...
a. Describe the advantages and disadvantages of the use of zero-based budgeting. b. Describe the advantages and disadvantages of the use of incremental budgeting.
A. Describe the advantages of Web-based retailers in comparison with traditional store retailers.b. ...
a. Describe the advantages of Web-based retailers in comparison with traditional store retailers. b. Describe the disadvantages of Web-based retailers in comparison with traditional store retailers.
A. Describe the importance of the problem definition process in retail research.b. Apply the problem ...
a. Describe the importance of the problem definition process in retail research. b. Apply the problem definition process to the question of whether a store retailer should open on Sundays (it is now open Monday through Saturday).
A. Describe the relationship among profit margin, asset turnover, and financial leverage.b. Explain ...
a. Describe the relationship among profit margin, asset turnover, and financial leverage. b. Explain how each of these ratios can be improved. Be specific in your answers.
A. Develop a control unit classification system for a computer retailer based upon classification ...
a. Develop a control unit classification system for a computer retailer based upon classification merchandising and based upon price line classifications. b. Which system is preferable? Why?
A. Develop a crisis management plan for a Florida home improvement retailer that is in a storm-prone ...
a. Develop a crisis management plan for a Florida home improvement retailer that is in a storm-prone area. b. What is the role of insurance in this plan? Explain your answer.
A. Develop a workload forecast for a fast-food franchise with highly variable demand.b. How should ...
a. Develop a workload forecast for a fast-food franchise with highly variable demand. b. How should the fast-food franchise plan to staff its operation during weekend night hours when workloads peak and personnel availability is limited?
A. Differentiate among analog, regression, and gravity models for trading-area delineation.b. What ...
a. Differentiate among analog, regression, and gravity models for trading-area delineation. b. What types of models are Reilly's law and Huff's law? Explain your answer.
A. Differentiate among minimum expectations ("dissatisfiers") and desired goals ...
a. Differentiate among minimum expectations ("dissatisfiers") and desired goals ("satisfiers"). b. Which approach to employee supervision would be most prone to use a flat organization? A decentralized organization? Profit sharing? Explain your answers.
A. Differentiate among primary, secondary, and fringe trading areas.b. Which trading area is most ...
a. Differentiate among primary, secondary, and fringe trading areas. b. Which trading area is most important for a housewares retailer planning to open a mail-order operation? Explain your answer.
A. Differentiate among social cues, commercial cues, and physical cues as stimuli.b. Evaluate the ...
a. Differentiate among social cues, commercial cues, and physical cues as stimuli. b. Evaluate the level of retailer control for each type of stimulus.
A. Differentiate among the main store control organization, the separate store organization, and the ...
a. Differentiate among the main store control organization, the separate store organization, and the equal store organization as applied to department stores. b. Under what conditions should each arrangement be used?
A. Differentiate between a traditional job description and a goal-oriented job description.b. ...
a. Differentiate between a traditional job description and a goal-oriented job description. b. Prepare a goal-oriented job description for a manager of a large appliance retailer that is part of a major chain.
A. Differentiate between an application blank and a weighted application blank.b. Explain how a ...
a. Differentiate between an application blank and a weighted application blank. b. Explain how a weighted application blank can be used to successfully reduce turnover of newly hired buyers.
A. Differentiate between natural account expenses and functional account expenses.b. Explain how ...
a. Differentiate between natural account expenses and functional account expenses. b. Explain how natural account expenses have to be converted into functional account expenses to conduct meaningful cost analysis.
A. Differentiate between pre-training and training programs.b. Do all employees need pre-training? ...
a. Differentiate between pre-training and training programs. b. Do all employees need pre-training? Explain your answer. c. Is training a continuous activity? Explain your answer.
A. Differentiate between retail research and a retail information system.b. Can a small retailer ...
a. Differentiate between retail research and a retail information system. b. Can a small retailer utilize a retail information system? Explain your answer.
A. Differentiate between the use of Reilly's law and Huff's law in delineating the trading area of ...
a. Differentiate between the use of Reilly's law and Huff's law in delineating the trading area of a new store. b. Compute the point of indifference using Reilly's law when the population of city A is 10,000, the population of city B is 160,000, and the distance between A and B is 15 miles.
A. Differentiate between top-down budgeting and bottom-up budgeting.b. Describe the relative ...
a. Differentiate between top-down budgeting and bottom-up budgeting. b. Describe the relative advantages and disadvantages of each approach to budgeting.
A. Discuss impulse purchasing and store loyalty from the perspective of routine decision making.b. ...
a. Discuss impulse purchasing and store loyalty from the perspective of routine decision making. b. Evaluate impulse purchasing and store loyalty as special opportunities for retailers.
A. Discuss the differences between the FIFO (first-in-first-out) and LIFO (last-in-first-out) ...
a. Discuss the differences between the FIFO (first-in-first-out) and LIFO (last-in-first-out) methods of costing inventory. b. How does the choice of technique affect inventory values and retailer profitability?
A. Distinguish among functional, purchase motivation, market segment, and storability product ...
a. Distinguish among functional, purchase motivation, market segment, and storability product groupings. b. Explain how a department store could use all of the product groupings in classifying its store offerings.
A. Distinguish among selling space, merchandise space, personnel space, and customer space.b. ...
a. Distinguish among selling space, merchandise space, personnel space, and customer space. b. Describe how the allocation of these space components would vary by low-end versus high-end retailers.
