Questions from Retail Management

Q: Consider this scenario: There is considerable media coverage of recent car

Consider this scenario: There is considerable media coverage of recent car thefts at an area mall. Present a five-step plan for a retailer to reassure customers that it is safe to shop there. How migh...

Q: A gas station does not accept checks because of the risks involved

A gas station does not accept checks because of the risks involved. However, it does accept Visa and MasterCard. Evaluate this strategy.

Q: What potential problems may result if a retailer relies on its computer

What potential problems may result if a retailer relies on its computer system to implement too many actions (such as employee scheduling or inventory reordering) automatically?

Q: What operations criteria would you use to evaluate the success of self

What operations criteria would you use to evaluate the success of self-scanning at a supermarket's mobile checkout?

Q: Are there any operating functions that should never be outsourced? Explain

Are there any operating functions that should never be outsourced? Explain your answer.

Q: How should management respond to the findings of an audit? What

How should management respond to the findings of an audit? What may happen if the findings are ignored?

Q: Outline the contingency plan a retailer could have in the event of

Outline the contingency plan a retailer could have in the event of each of these occurs: a. A shopper accidentally setting off the burglar alarm. b. A flood in the store caused by a ruptured water pip...

Q: Describe the relationship of assets, liabilities, and net worth for

Describe the relationship of assets, liabilities, and net worth for a retailer. How is a balance sheet useful in examining these items?

Q: 1. Cities A and B are 50 miles apart. City

1. Cities A and B are 50 miles apart. City A has a population of 400,000 and City B has a population of 100,000. According to Reilly's law, what is the point of indifference for City B? a. 3.3 miles...

Q: A retailer has net sales of $1,000,000

A retailer has net sales of $1,000,000, net profit of $185,000, total assets of $600,000, and a net worth of $225,000. a. Calculate asset turnover, profit margin, and return on assets. b. Compute fina...