RET_261_Exam_3_Double_Jeopardy

RET_261_Exam_3_Double_Jeopardy - Double Jeopardy Chapter 12...

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Unformatted text preview: Double Jeopardy Chapter 12 Chapter 13 Chapter 14 Chapter 14 Mixer Q $200 Q $400 Q $600 Q $800 Q $1000 Q $200 Q $200 Q $200 Q $200 Q $400 Q $400 Q $400 Q $400 Q $600 Q $600 Q $600 Q $600 Q $800 Q $800 Q $800 Q $800 Q $1000 Q $1000 Q $1000 Q $1000 Final Jeopardy $200 Question from H1 A group of items targeting the same consumer type $200 Answer from H1 What is a classification? $400 Question from H1 Examples of this are rain coats, bathing suits, gloves and scarves $400 Answer from H1 What is seasonal merchandise? $600 Question from H1 Consist of items that are only in demand for a relatively short period of time $600 Answer from H1 What are fashion goods? $800 Question from H1 This vendor rep works with the retailer to better understand customer behavior $800 Answer from H1 What is a category captain? $1000 Question from H1 Increasing this can increase sales volume, improve sales person morale, reduce the risk of obsolescence and markdowns $1000 Answer from H1 What is inventory turnover? $200 Question from H2 The amount of inventory below which the quantity available shouldnt go or the item will be out of stock $200 Answer from H2 What is the order point? $400 Question from H2 Compares actual and planned sales to determine if more goods are needed $400 Answer from H2 What is a sell-through analysis? $600 Question from H2 Funds given to a retailer to cover lost gross margin dollars from markdowns $600 Answer from H2 What is markdown money? $800 Question from H2 This method for evaluating vendors uses weighted scores and averages $800 Answer from H2 What is the multi-attribute model? $1000 Question from H2 6months/ Inventory turnover $1000 Answer from H2 What is the average stock-to-sales ratio? $200 Question from H3 This imitates a manufacturers brand in appearance $200 Answer from H3 What is a copycat brand? $400 Question from H3 One buyer with many potential sellers is an example of this $400 Answer from H3 What is a reverse auction? $600 Question from H3 ___Provide an opportunity for vendors and retailers to interact electronically $600 Answer from H3 What are retail exchanges? $800 Question from H3...
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This note was uploaded on 11/11/2011 for the course RET 261 taught by Professor Claire during the Spring '08 term at Michigan State University.

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RET_261_Exam_3_Double_Jeopardy - Double Jeopardy Chapter 12...

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