Eva Is Considering New Items for Her Store and Is

question 81

Multiple Choice

Eva is considering new items for her store and is concerned about her profit margin. She will ask the sales rep:

• A) what the unit cost is and the suggested retail price
• B) what is the marginal turnover rate and the expected delivery time
• C) what are servicing requirements and the cost of repairs
• D) Which JIT system will maximize in-store inventory
• E) how likely will competitors substitute derived demand products for institutional design requirements

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Definitions:

Supermarkets

Merchandise outlets that carry a wide and complex line of groceries, meat, dairy, produce, and baked goods plus a limited array of nonfood products.

Convenience Stores

Small retail outlets that offer a limited range of everyday items and are usually open for extended hours.

Online Retailing

The act of selling products and services online, enabling consumers to make purchases regardless of their location or the time of day.

Automated Vending

The use of self-service machines that dispense products to consumers, operating without the need for human vendors.