Test 9 - Question 1 0 1 point The analysis planning...

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Question 1 0 / 1 point The analysis, planning, acquisition, handling, and control of the merchandise investments of a retail operation is termed: Question options: A) inventory planning. B) sales review/plann ing. C) product ordering. D) merchandise management. E) merchandise acquisition. Question 2 1 / 1 point Gross margin return on inventory (GMROI) equals: Question options: Question 3 1 / 1 point If a merchandise line has a gross margin of 35 percent and sales per dollar of inventory investment of 4.0, what is its GMROI? Question options:
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Question 4 1 / 1 point All of the following are methods of dollar merchandise planning EXCEPT: Question options: Question 5 1 / 1 point Which of the following is NOT a formal way of deciding inventory levels? Question options: A) Stock-to- sales ratio B) Gross margin contribution C) Basic
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stock D) Week’s supply E) Percentage variation Question 6 1 / 1 point The _____ method of merchandise planning requires that, in addition to a base stock level, there will be a variable amount of inventory that will increase or decrease at the beginning of each sales period. Question options: Question 7 1 / 1 point When retailers believe that it is necessary to have a given level of inventory available at all times, they will likely use the _____ method for inventory management. Question options:
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Question 8 1 / 1 point The _____ is NOT considered when calculating BOM stock using the basic stock method. Question options: number of weeks in the retailer’s merchandising season Question 9 1 / 1 point Determine the buyer’s BOM for October, using the basic stock method, based on the following information: planned sales for October = $150,000; average monthly sales = $175,000; average stock for the season = $500,000. Question options: A) $150, 000 B) $325, 000 C) $475, 000 D) $825, 000 E) $955, 000
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  • Spring '14
  • Revenue, gross margin, Question options

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