A college store determines space needs for each department on the basis of assortment guidelines for texts,stationery,computer supplies,dormitory needs,and school signature clothing.It determines space needs by _____.
A)the sales-productivity ratio
B)the model stock approach
C)market segment product groupings
D)functional product groupings

Question

Quizplus · Accepted Answer

The model stock approach is a method used by retailers to determine the amount of inventory to keep on hand. It involves creating a model stock plan for each department based on the assortment guidelines for various product categories. This plan outlines the ideal assortment of products as well as the minimum and maximum stock levels needed to ensure that products are always available for customers. By using the model stock approach, the college store can determine the space needs for each department based on the amount of inventory it needs to carry.

A College Store Determines Space Needs for Each Department on the Basis