Chapter 15 questions

Chapter 15 questions - Chapter 15 questions 1.

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Chapter 15 questions 1. The most valuable sources of data for merchandising decisions are  Your Answer: (blank) 2. A retailer can determine consumer requests for unstocked or out-of-stock merchandise through the use of  a(n)  Your Answer: basic stock list.  Correct Answer: want book (want slip).    Review section on gathering information.  3. Which of these is not  a potential source of merchandise?  Your Answer: Outside, regularly used supplier  Correct Answer: Competing retailer 
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  Review section on selecting and interacting with merchandise sources.  4. Which form of evaluating merchandise is most appropriate for a fine jewelry retailer?  Your Answer: Sampling  Correct Answer: Inspection    Review section on evaluating merchandise.  5. Which form of evaluating merchandise is most appropriate for standardized, non-breakable, and  nonperishable merchandise?  Your Answer: Sampling  Correct Answer: Description    Review section on evaluating merchandise.  6.
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Off-price retailers and other deep discounters generally employ which form of buying?  Your Answer: Decentralized buying  Correct Answer: Opportunistic buying    Review section on negotiating the purchase.  7. Payments required by retailers for providing shelf space in stores are  Your Answer: shelf space allowances.  Correct Answer: slotting allowances.    Review section on negotiating the purchase.  8. Inventory risk to a retailer is lowest in a  Your Answer: consignment purchase.    Correct  
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9. Which of the following generally occurs by a retailer's maintaining a large inventory?  Your Answer: Quantity discounts obtained on larger orders    Correct   10. Which of the following is not  a potential advantage of maintaining a small inventory?  Your Answer: Low impact of order delay on sales    Correct   11. Which of these is not  a logistics process?  Your Answer: Inventory management  Correct Answer: Store operations    Review section on logistics.  12.
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The logistics aspect of a value delivery chain is  Your Answer: value orientation.  Correct Answer: a supply chain.    Review section on supply chain management.  13. Small orders and frequent ordering are characteristics of  Your Answer: economic order quantity (EOQ).   Correct Answer: quick response (QR) inventory planning.    Review section on order processing and fulfillment.  14. Floor-ready merchandise and electronic data interchange (EDI) are both aspects of 
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This note was uploaded on 02/12/2010 for the course MKT 3355 taught by Professor Ruth during the Spring '10 term at Texas State.

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Chapter 15 questions - Chapter 15 questions 1.

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