Question 1

Retailers take _______________ so determine the lowest markdown possible at which a customer will buy a product.

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The answer of Retailers take _______________ so determine the lowest...

Question 2

Which do you think is a better measure of productivity: sales per sq.ft or profit per sq.ft.? Explain.

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The answer of Which do you think is a better...

Question 3

The _______________ markup is the aggregate markup on a single SKU.

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The answer of The _______________ markup is the aggregate markup...

Question 4

Which is a better measure for shirts on shelves: sales per cubic ft.or sales per sq.ft? Why?

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The answer of Which is a better measure for shirts...

Question 5

_______________ is determined by adding the total markdown dollars for the period divided by the net sales for the period.

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The answer of _______________ is determined by adding the total...

Question 6

Gross margin is _______________ minus _______________ costs minus _______________ costs plus _______________.

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The answer of Gross margin is _______________ minus _______________ costs...

Question 7

When retailers first take a 15% markdown,followed by a 25% markdown,and then a 50% markdown is called a _______________.

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The answer of When retailers first take a 15% markdown,followed...

Question 8

_______________ is calculated by taking the amount of the markup and dividing by the retail price.

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The answer of _______________ is calculated by taking the amount...

Question 9

If you are a category manager would you rather the retailer use traditional accounting or activity based accounting? Why?

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The answer of If you are a category manager would...

Question 10

Which is more accurate for apparel on a four-way: sales per cubic ft.or sales per sq.ft?

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The answer of Which is more accurate for apparel on...

Question 11

Type of account system which organizes costs of key activities to relate a related product or products is _______________.

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The answer of Type of account system which organizes costs...

Question 12

A product originally retails for $50 and cost $25 dollars sells at $40 the _______________ is 20%.

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The answer of A product originally retails for $50 and...

Question 13

_______________ markdowns are permanent markdowns taken at the end of a season.

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The answer of _______________ markdowns are permanent markdowns taken at...

Question 14

How is shelf turn related to days of supply?

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The answer of How is shelf turn related to days...

Question 15

_______________ markup is the difference in the cost of the merchandise and the actual selling price.

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The answer of _______________ markup is the difference in the...

Question 16

A _______________ assortment is when all items in an assortment are no longer available.

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The answer of A _______________ assortment is when all items...

Quiz 3: Measurements and Productivity

Retailers take _______________ so determine the lowest markdown possible at which a customer will buy a product.