Questions from Retail Management

Q: What are retailers doing to be more socially responsible in buying merchandise

What are retailers doing to be more socially responsible in buying merchandise? Why are they becoming more socially responsible? Do you buy products that you believe were produced in a socially respon...

Q: What types of retailers often use a high/low pricing strategy

What types of retailers often use a high/low pricing strategy? What types of retailers generally use an everyday low-pricing strategy? How would customers likely react if a retailer switched its prici...

Q: Distinguish between variety and assortment. Why are these important elements of

Distinguish between variety and assortment. Why are these important elements of retail market structure?

Q: Why would sewing pattern manufacturers such as Simplicity (www.simplicity

Why would sewing pattern manufacturers such as Simplicity (www.simplicity.com/patterns/) and Butterick (https://butterick.mccall.com/) ask $12.95 (or more) on each pattern and then two times a year of...

Q: Maintained markup is 39 percent, net sales are $52,

Maintained markup is 39 percent, net sales are $52,000, and reductions are $2,500. What are the gross margin in dollars and the initial markup as a percentage? Explain why initial markup is greater th...

Q: Men’s Wearhouse purchased black leather belts for $15.99 each

Men’s Wearhouse purchased black leather belts for $15.99 each and priced them to sell for $29.99 each. What was the markup on the belts?

Q: What are the positive and negative aspects of direct marketing from the

What are the positive and negative aspects of direct marketing from the customer’s perspective?

Q: What factors should be considered in dividing up the advertising budget among

What factors should be considered in dividing up the advertising budget among a store's different merchandise areas? Which of the following should receive the highest advertising budget: staple, fashi...

Q: Outline some elements in a communication program that can be used to

Outline some elements in a communication program that can be used to achieve the following objectives: (a) Increase store loyalty by 20 percent. (b) Build awareness of the store by 10 percent. (c) Dev...

Q: A retailer plans to open a new store near a university.

A retailer plans to open a new store near a university. It will specialize in collegiate merchandise such as apparel, accessories, and school supplies. Consider the pros and cons of each of the follow...