Which retail assortment strategy is utilized by a convenience store?
a. wide and deep
b. deep and shallow
c. narrow and shallow
d. narrow and deep
c
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Monument Corp is preparing its budget for the first quarter of 2018
The following data is provided: Inventory, Purchases, and COGS Budget Jan Feb March Cost of goods sold (a) $34,000 $27,000 $22,500 Desired ending inventory (b) 11,750 10,625 ? Total inventory required 45,750 37,625 Less: Beginning inventory (20,000 ) (11,750 ) Purchases 25,750 25,875 (a) COGS = 75% of sales (b) $5,000 + 25% of COGS for next month April's cost of goods sold is 32,000. The amount of Merchandise Inventory to be shown on the budgeted balance sheet at March 31 would be ________. A) $10,625 B) $11,750 C) $34,000 D) $13,000
The major activity in strategic planning is ________, whereby management evaluates the products and businesses that make up the company
A) SWOT analysis B) benchmarking C) business portfolio analysis D) breakeven analysis E) prospecting