A Distinctive Feature of David Jones Department Store Is the Number

question 102

Multiple Choice

A distinctive feature of David Jones department store is the number of designer brands across all product lines. David Jones stocks some of the top international and local labels such as Pucci, Versace, Alex Perry, Collette Dinnigan and Lisa Ho. These labels cannot be purchased from any other department store or retail outlet. In this respect, David Jones has successfully bucked the trend through the use of:

• A) competitive blocking.
• B) national brands.
• C) exclusive merchandise.
• D) global brands.
• E) selective merchandise.

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Definitions:

Gross Method

A method in accounting that logs purchases using the total invoice amount, not considering any cash discounts that are available.

Operating Cycle

The operating cycle is a measure of the time period between the acquisition of inventory by a business and the collection of cash from accounts receivable, indicating the efficiency and effectiveness of its operations.

Wholesaler

A wholesaler is a person or company that sells goods in large quantities at lower prices, typically to retailers for resale to the end consumers.

Gross Margin Ratio

A financial metric calculated by subtracting the cost of goods sold from revenue and dividing that figure by revenue, representing the percentage of sales revenue retained after incurring direct production expenses.