Math solutions section 2 questions 1-28 - Math Solutions Section 2 questions 1-28 1 Answer the following questions based on the data in Figure 5 page 61

Math solutions section 2 questions 1-28 - Math Solutions...

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Math SolutionsSection 2 questions 1-28
1. Answer the following questions based on the data in Figure 5 page 61 in text(a) What is the price line with Code 96 that generates the major unit and dollar sales?(b) Which store has the best performance for Class Totals, Code 96? How many unitswere sold STD?(c) Which two stores contributed 49% of the MTD sale in Code 96 Jeans?(d) In the Jeans $15.01–$20.00 price lines, which store requires a “rush” delivery of itsorder so it can stay “in business” with this price line in this classification? How manyunits does this store have on hand?(e) Consider the Inventory and On Order figures for 96 Class Totals-Price Line-All.Which two stores require adjustments to an order because of the relation betweentheir stock-sales and their MTD net sales percentage? What adjustments should bemade?(f) For each store, calculate the percent increase or decrease in sales from the previousweek to the current week. Which store has shown the largest increase?(g) What reasons might explain a decline in sales from one week to the next?(h) Since January 24, which stores show a continuous decline in sales of this merchandiseclassification?(i) Why must changes be made in merchandising strategies at these stores?(j) What changes in merchandising strategies would you suggest?
Answers: Problem 1 page 64(a) 15.01–$20.00(b) Store 01, 7,673 Units STD(c) Stores 01 and 05(d) Store 10, 1 Unit OH(e) Stores 08 and 15. For store 08, shift approximately 50% of the on order to store 15because the sales % and MTD dollars in store 15 are twice as large as those in store08.(f) Store % Change01 –3002 –4903 –7504 –1305 –4506 –25Sales have not increased at any of the stores.
Answers to question 1 page 64 continued(g) Answers will vary. Sales could have declined because of changes in marketingtechniques at the store, such as a price increase. The product may be at the end of itslife cycle, thus sales are declining. New competition could have moved into themarket.(h) Stores 01 and 14(i) Change in merchandising strategies must be made because more merchandise is onorder and will be arriving at the stores.(j) Answers will vary. Changes in merchandising strategies must be made to increasesales. Better displays may be needed. Better or more effective advertising may beneeded. Additionally, better training of salespeople may be required. Price reductions also should be considered.

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