A Space Productivity Index

question 92

Multiple Choice

A space productivity index:

• A) is typically done when designing a new store's space allocations.
• B) reports on the ability of space allocations to maximize the quantities of merchandise carried.
• C) analyzes the amount of shelf space allocated to particular individual brands across several departments.
• D) measures the percentage of the store's total gross margin from a particular category to the category's percentage of total space utilized.
• E) is based on industry or trade association data.

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Definitions:

Consumer Surplus

The distinction between the price consumers are inclined to pay for a product or service and what they ultimately pay.

Surplus II

The condition where the quantity supplied of a good exceeds the quantity demanded, causing downward pressure on the market price.

Equilibrium Price

The cost at which the amount of products available for sale matches the volume of products consumers want to buy.

Equilibrium Quantity

The quantity at which the supply and demand for a good or service are equal at a certain price level, leading to market equilibrium.