What are some tactical and strategic retail customer considerations?

Q: What is the relevance and importance of industry ratings?

A: A rating is an assessment tool that is assigned by the rating agency to the stocks and the bonds of…

Q: Define sales journal.

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Which of the following tools Is used to analyze the Industry attractiveness In the credit…

A: Financial Management: In layman’s words, financial management is the management of the finance or…

Q: Explain in details what is SWOT analysis. Do SWOT (Strength, Weaknesses, Opportunities, Threats)…

A: SWOT Analysis is basically a parameter by which an organization can judge what is its Competitive…

Q: What document intiates the sales process

A: Answer: Sales order procedures involves accepting a customer order and processing it, filling the…

Q: Trace the development of the marketing concept and how it is implemented.

A: Marketing concept is defined as the preoccupied along with an idea of the satisfying the requirement…

Q: Identify any two potential drawbacks that purchasing manager could face given their choice of…

A: The sourcing process encompasses all activities centered on identifying and evaluating possible…

Q: Explain the impact of Migration in marketing?

A: Migration in a general sense refers movement of something from one place to another. If a person is…

Q: What are the possible problems associated with receiving goods ordered from a vendor/supplier?

A: Inventories are the stocks of the goods maintained by a company that can either be in the form of…

Q: Why is inventory management especially important for amultinational firm?

A: Inventory Management is significant for Multinational firms. Inventory is generally in the raw…

Q: What is the value of customer relations and customer service?

A: Customer relations is the relationship with customer and the focus of which is to build customer…

Q: Which of the following is NOT an element of the marketing mix? a. Distribution b. Pricing c. Target…

A: elements of marketing mix - Product  Price Place Promotion

Q: “Companies devote resources to a purchasing department but not on individual departments that can…

A: Purchasing department: It can be defined as the department of the organization that deals with…

Q: How do computerized purchasing systems help to reduce the risk of purchasing bottlenecks?

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: What distinguishes a merchandising business from a service business?

A: Merchandising Company and Service Company: A merchandising company generates income by selling goods…

Q: e calculation of inventory availability

A: Option I is correct because by knowing the current stock levels, the calculation of inventory…

Q: Which of the following statements is untrue about distributor metrics? Group of answer choices Goals…

A: Answer: The untrue option is as follows, The lower the standard of service, the greater the cost is…

Q: What is the distinctionbetween retail and wholesale merchandising companies?

A: The Distinction between Merchandising and Manufacturing Companies are given below as,

Q: What is the definition of a customer?

A: A customer is an individual, firm, company or any other person who purchased goods or services from…

Q: What is a customer loyalty program, and how is such a program accounted for?

A: Customer loyalty program: A customer loyalty program is a program run by a company that offers…

Q: What are some of the importance of financial management to procurement managers?

A: A procurement manager is in charge of sourcing goods and services for their company. Another title…

Q: the differences between service business and merchandising business?

A: Merchandise business is a kind of business wherein revenues are earned by providing or selling goods…

Q: What are the forces in the marketing environment? How much control does a marketing manager have…

A: Forces of marketing environment: there are two types of forces in the marketing environment. One…

Q: What is the purpose of Target Profit and why is it used in the Retail industry?

A: Targeted profit is the amount of profit that business executives expect to receive at the end of the…

Q: Discuss (i). The notions and purposes of CVP Analysis, and (iii) The Components of CVP Analysis…

A: The behavior of profits in response to a change in cost and volume is explained by Cost Volume…

Q: What is a full-service supplier? What are the benefits of using full-service suppliers?

A: Full service supplier - A supplier who is capable of providing wide range of activities including…

Q: Among the simple average pricing and weighted average pricing method. Which of the store ledger…

A: Simple Average Pricing method considers the average prices by taking only the prices and averaging…

Q: Who are Self-service retailers?

A: Retailers: A retailer is an entity that sells merchandise like consumer goods, groceries, or cars…

Q: What is a customer preference map, and why is it useful?

A: Customer value: Customer value is simply what value a customer gets. By formula, it’s the difference…

Q: Discuss it in your own understanding and then give example each of the following:   Tangible and…

A: 1.Tangible and Intangible Tangible is something which a person can see, feel or touch and thus…

Q: Which of the following marketing concepts believes that consumers will not buy enough of the…

A: The answer is Selling Concept

Q: What challenges does Blu Dot face in selling consumer products (as opposed to business products)?

A: Consumer products, often called as final goods, are objects bought for personal use by individuals…

Q: What is Fintech? Examples of Types, Products & Regulations

A: Finance is the system that deals with financial services, investments, and instruments. It is a…

Q: What considerations should managers make when deciding whether to sell a product as-is or after…

A: One of the decisions related to the product is to sell or process further. There are certain factors…

Q: Discuss how a furniture store might evaluate potential investment opportunities to ensure that…

A: It is a vital to evaluate an investment option as it helps minimize the risk and to anticipate…