Which of the following transactions is represented by the diagram below?
A) Each sale is associated with a single order, and there is a time lag between the time an order is taken and delivery of the product.
B) Each sale can be comprised of multiple orders, and each order can be associated with multiple sales or no sales.
C) Each sale can be comprised of multiple orders, and each order can be associated with one or more sales.
D) Each sale is associated with a single order, and there is no time lag between the time an order is taken and delivery of the product.
Answer: B
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When a merchandiser reduces the number of color offerings for a style in order to increase units in each color to save money, they may risk loss of sales due to limiting variety.
Answer the following statement(s) true (T) or false (F)
Which of these activities is NOT part of market situation analysis?
a. Deciding new product opportunities. b. Collecting information on the electronic items market. c. Analyzing purchase patterns of people visiting a store. d. Collecting information on brand preferences for college students. e. Researching on why the competitor's products sell better.