Assume that you are about to make a significant consumerpurchase, and the product is available at two local stores, one with high inventoryturnover and one with low. Which store would you choose based on this information?Why?
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Assume that you are about to make a significant consumer
purchase, and the product is available at two local stores, one with high inventory
turnover and one with low. Which store would you choose based on this information?
Why?
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Solved in 2 steps
- If a merchandising company has a beginning inventory of $400,000 and an ending inventory of$200,000, and the company purchased $1,600,000 of inventory during the month, what is the company’s cost of goods sold?Your family runs a specialty ice cream parlor, Scoops. It manufactures its own ice cream in small batches and sells it only in pint-sized containers. After someone not affiliated with the company sent six pints of your ice cream to a popular talk-show host, she proclaimed on her national TV show that it was the best ice cream she had ever eaten. Immediately after the broadcast, orders came flooding in, overwhelming your small-batch production schedule and your limited distribution system. The company’s shipping manager thinks she can handle it, but you disagree. a) List the reasons why you need to restructure your channel of distribution? b) Building on question a, determine a new channel structure for Scoops. Write a proposal to present to your key managers. c) Now that you have a basic channel structure for Scoops, list the market, product, and producer factors that will affect your final channel structure.Imagine an Italian restaurant nearby a shopping mall. Assume you are in charge of that store. What would you recommend the restaurant do in terms of store atmospherics, display, and retail positioning?
- You are looking to buy a laptop on a budget that requires you to service and repair the laptop yourself, and you want to save money by not purchasing an extended service agreement beyond the first year. To limit your search, what should you consider when choosing manufacturers? Which manufacturers would you choose and why?What is the difference between purchase requisition and purchase order?On the basis of the following data, estimate the cost of the inventory at June 30 by the retail method: Cost Retail June 1 Inventory $165,000 $275,000 June 1–30 Purchases (net) 2,361,500 3,800,000 June 1–30 Sales 3,550,000 blankCost of the InventoryJune 30 Cost Retail $- Select - $- Select - - Select - - Select - $- Select - $- Select - Ratio of cost to retail price: fill in the blank 10% - Select - $- Select - $- Select -
- Your friend just developed a new educational toy. It is meant for babies and parents love it because it helps develop babies brains. Priced at $25, your friend wants to distribute it directly to consumers on a website. She says "I want to eliminate the middleman so I can make more money. And besides, everyone know about the trend of direct-to-consumer. Just Google it!" You are not so sure and think she may be missing something. Explain to her whyWith a company only considering extra small, and small size to the clothing it sells. What should be the end matter and supplementary material of this company?The total stockout cost = $ enter your response here. (Enter your response as a whole number.)
- Which isnt a possible benefit of good Market Basket Analysis? Guidance in where products can best be placed in a retail setting. Improved sales through product bundling. Improved data quality in database transactions. Identification of cross selling opportunities. Better ordering of stock inventory.Suppose the president of a carpet manufacturing firm has asked you to look into the possibility of bypassing the firm’s wholesalers (who sell to car- pet, department, and furniture stores) and selling direct to these stores. What caution would you voice on this matter, and what type of information would you gather before making this decision?9. Is this statement true or false? Explain. "If a retailer is effective, but its suppliers are not, then errors and delays in supply from the manufacturer or logistics services provider will impact the retailer and the retailer’s consumers, either in terms of higher prices or stock-outs (no products available on the store shelves)."