Chapter 8 Practice Problems
1. The Prof. Frank Hardware Store is trying to determine
data to find Alamos net profit.
its net profit before taxes.
Individual paper #2
Loans, Grants, and Funding
February 26, 2013
RCS-261 Individual Paper #2
Loans, Grants and Funding
1) What is a microloan? Under what circumstance a microloan could be used?
the requirements for applying for a micro
1. What is relationship marketing and relationship retailing? Why are they important
for small and medium sized retailers?
Relationship marketing is the marketing and promotional efforts that aim to develop a
relationship between the brand/store and the c
RCS-261 Individual Paper #4
1. What exactly does sustainable or green building consist of?
The economy has a major impact on all aspects of business. From the way firms are operated to
the way clients approach their tasks. Over the c
1. Why do you think research is important before opening a small retail store? What
kind of information is needed?
Research is important before opening a small retail store because you have to find what
suit for your store or not. You also have to find th
RCS-261: Introduction to Consumer Retailing
Instructor: Mr. Frank
What is gross margin return on inventory (GMROI), and why is it important to retailers?
GMROI is Gross margin divided by average inventory at cost; alternatively, it
Final Exam Study Guide
Chapters 9 thru 12
Merchandising Management: Analysis, planning, acquisition, handling, and control of the merchandise
investments of a retail operation.
Gross Margin Return on Inventory (GMROI):
Gross margin divided by a
Procedure: Based on the lecture on starting your own Retail Business, answer the following
1. Explain how you would classify a small retailer according to a) number of outlets, b)
sales, and c) number of employees.
a) To classify
January 31, 2012
Retour (Market Analysis)
When our group sat down to determine our new company we put a lot of
consideration in trying to create something that was unique and would not have much
competition because of its different c
A marketing plan is crucial tools that can help businesses of any size develop promotional
strategies. A marketing plan analyzes the market opportunities and lays out the activities needed
to develop a brand's products and services. It takes time developi