Subscription boxes are all the rage these days. Subscribers pay a small fee and receive a box each month containing music, clothing, electronics, food — you name it! A teenager named Juliette signed up for a subscription makeup box, telling her mother, “It won’t cost you much at all. I’ll just send back any items that I don’t want; you only pay for the items you keep!” Explain why Juliette is likely to buy more makeup from the subscription service than she would if she just shopped in a store. Describe, in your explanation, at least two systematic biases the subscription box service is exploiting

Q: Describe the nature of the costs that affect inventory size

A: The overall value of items manufactured for sale by a company is referred to as inventory size.

Q: Explain the elements of inventory management

A: Inventory control include the ordering, storage, and utilization of a business's inventory. This…

Q: differentiate between ordering cost and setup cost and provide examples to supplement your answer

A: A cost is an expense that occurred to produce or deliver something. Cost can also be defined as…

Q: Charley sells their handmade jewelry at arts and crafts fairs across the state of Wisconsin.…

A: Charlie should use direct channel for distribution of selling her merchandise. Direct channel is…

Q: Which of the following is not required when using the retail inventory method? a. all inventory…

A: Below is the solution-

Q: Explain the differences between a fixed-quantity inventory system and a fixed-period inventory…

A: The biggest difference between the fixed-order quantity system and the fixed-time-frame systems is…

Q: Explain what condition must exist for good inventory management?

A: It is the management of uncapitalized assets such as shares. Warehouse management is a term used to…

Q: An electronic system that records actual sales at time of sale O a. Point of sale (POS) system O b.…

A: Sales professionals use different tools to evaluate their performance. Sales tools like customer…

Q: What factors are important to effective inventory management?

A: Ordering, handling, and utilising a company's inventory are also part of inventory management. Raw…

Q: Explain the requirements for the effective inventory management ?

A: It is the administration of non-capitalized goods, such as stock items. Storage management . of…

Q: Q-. Explain the following concepts.…

A: INTRODUCTION:- Wholesaler All marketing operations in which purchasing are made for reselling or…

Q: what should you consider when choosing manufacturers? Which manufacturers would you choose and why?

A: The extended service agreement increases the cost of laptop so the customer can avoid the service…

Q: Describe inventory accuracy and cycle counting

A: With cycle counting, inventory in a sample area can be counted without affecting the entire…

Q: Which of the following is a benefit manufacturers receive from selling through a regional…

A: The intermediaries in the marketing channel become the distributors of the seller and through their…

Q: What kind(s) of storage should be used to ensure long-term viability

A: Protecting your data against deterioration or other types of loss begins with selecting the…

Q: explain Inventory Costs?

A: The handling of inventory by organization leads to many types of costs that must be borne and…

Q: What are the prerequisites for efficient inventory management?

A: Effective inventory management applies to a very well system that enables firms to operate…

Q: Your family runs a specialty ice cream parlor, Scoops. It manufactures its own ice cream in small…

A: (a) Justifications for changing the distribution channel: The current distribution capacity is only…

Q: Summarise the 5 advantages and 5 disadvantages of holding inventory

A: For any company, inventory is considered as one of the important elements for gaining profits and…

Q: Explain the total relevant costs of different inventory policies ?

A: Inventory policies incur costs in the form of item costs, storage costs, order costs, and shortfall…

Q: Discuss costs must be balanced and minimised through inventory control

A: Inventory management is the activity of maintaining the correct number of products at the proper…

Q: 22 _____________is one that measure the level of inventory and the cost of goods sold by using an…

A: _____________is one that measure the level of inventory and the cost of goods sold by using an…

Q: After reviewing his budget, Josh realizes he can't spend more than $40 on a pair of new shoes, so he…

A: Consumer buying behavior is affected by various factors. It is the responsibility of the marketing…

Q: Assume that you are about to make a significant consumerpurchase, and the product is available at…

A: I'll choose the store with high inventory turnover

Q: Discuss how rapidly do we provide inventory to our customers

A: Let us first define the stockpile and educated guess how fast we can supply a purchaser with items.…

Q: Why have just-in-time inventory systems become sopopular?

A: A just-in-time inventory system is an another system to traditional supply chains that helps to…

Q: Why is inventory management a critical operation in business? Can you name at least one major…

A: Inventory management alludes to the interaction by which track the measure of item has on the…

Q: What is inventory management

A: The procedure of purchasing, storage, using and selling a company's inventory is referred to as…

Q: M-Commerce or Mobile Commerce plays a significant role in e-commerce. Briefly explain what is…

A: Mobile commerce refers to a technology where all the physical transactions can be done digitally…

Q: Identify the advantages , disadvantages and cost of holding inventory?

A: Holding costs are those related with storing inventory that stays unsold. These costs are one…

Q: Discuss the various forms of inventory costs and use examples from the article to illustrate your…

A: Inventory can be referred to as the raw material that is utilized in the manufacturing of the goods.…

Q: What are the requirements for effective inventory management?

A: It is the management of non-capitalized assets, stock items, and so on. Inventory management is a…

Q: What is inventory management and why are they important for society? How can inventory management be…

A: In basic terms, inventory management is a collection of all those processes which you employ to…

Q: Discuss the various forms of inventory costs and use examples to illustrate your point.

A: Inventory refers to the raw material that is used in the production of the goods. Inventory is the…

Q: Discuss the costs associated with holding high levels of inventory for a garment retailer.

A: A Small Introduction about Inventory An inventory is a collection of things utilized by a company.…

Q: Justify the trade-offs faced by inventory managers when reordering products or supplies

A: Inventory science is a management subject that focuses on making appropriate decisions regarding…

Q: Discuss the nature of the costs that affect inventory size.

A: The optimum inventory size is the one that minimizes the combined total value of holding cost,…

Q: DISCUSS your thoughts on how poor inventory management affects the end customer of a product,…

A: Inventory management is the management in which stock is sourced, stored, and sold in the market.

Q: At what point in the Fulfillment Process does your inventory change?     Goods Issue     Receive…

A: Fulfillment process refers to the process of receiving order or enquiry till the product is…

Q: Explain the costs that are relevant for inventory management

A: Management is the process of collecting raw materials, storing them, and controlling all stock…

Q: Discuss the cost penalties incurred by a firm that holds too much inventory andone that holds too…

A: It can lead to unnecessary inventory holding costs that can be used for other purposes. It can also…

Q: Which of the following statements best explains why distributors tend to spend less onstorage space…

A: Distributors are generally the agents who supply goods and services to the retailers.