In Which of the Following Cases Should a Retailer Keep

question 13

Multiple Choice

In which of the following cases should a retailer keep the product in the assortment:

• A)Easily substitutable by the customer
• B)Lower profit margin
• C)Lower stock turn than others
• D)Maintains the image of the retailer

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Definitions:

Control

The process of gathering feedback to ensure that a plan is being properly executed or modified as circumstances change.

Budgets

A financial plan for a defined period, often one year, detailing projected revenues and expenses.

Responsibility Accounting

An accounting system that measures the financial performance of different business segments or managers responsible for certain business operations.

Control

The process of monitoring and regulating processes or systems to ensure they meet established standards and objectives.