Ask Question, Ask an Expert


Ask Management Theories Expert

Attempt all the problems.


problem1) What are the main pricing strategies prevailing in retail industry today?  describe and compare EDLP and high/low pricing strategies?

problem2) What is staple Merchandise buying system.

problem3) describe the following terms and discuss how they affect purchase order.

a. Anticipation   

b. Trade discounts       

c. Seasonal discounts   

d. Advertising allowances

problem4) What is perpetual inventory and how is it different from Physical Inventory?


Case Study

You are the merchandising manager of home furnishings division of the large urban department store.  A year ago, floor coverings buyer resigned. After many interviews with applicants from both within and outside store, you decide to hire Frank Thomas, one of the assistant buyers for floor coverings department.  Mr. Thomas is a young man who graduated from store’s executive training program five years ago.  He has much less experience than some of the other applicants.  Though, you were so impressed with his aggressiveness, intelligence, and regard in the eyes of his co-workers which you decided to go along with him.  Naturally, since you are responsible for this choice you are concerned about results of his first full year’s operation.

The year has just ended and only information available is the data essential to find out the stock turnover:

                           Sales              Inventory at Retail
January 1              -                      $100,000
January 31          $35,000             100,000
February 28         45,000               220,000
March 31              55,000              200,000
April 30                 60,000              180,000
May 31                 50,000              140,000
June 30                 45,000             130,000
July 31                  40,000             100,000
August 31              40,000            100,000
September 30        45,000            100,000
October 31             60,000            200,000
November 30         85,000            150,000
December 31          40,000            100,00


problem1) Compute the stock turnover.                       

problem2) What conclusions could you draw from the turnover?

problem3) What other information would you need to make the definite decision on the new buyer’s ability?

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M93428

Have any Question? 

Related Questions in Management Theories

Assessment topic - qubeafter reading further background

Assessment Topic - QUBE After reading further background material on the company and relevant case studies on related companies, prepare a 2500 - 2600 word report analysing the important features of Qube, and identify lo ...

Task - use this template to prepare the project report on

Task - Use this template to prepare the project report on the following topic: Define the key terms, answer the questions posed, and provide atleast two external resources related to this topic. Remember to include the e ...

Literature review- read the two below literatures and find

Literature Review - Read the two below literatures and find the result of the literature (summary) and Critique of the research/research gap. - Write the summary and the critique for each paper. Each page around (160 wor ...

Are feedbacks actually beneficial in selecting legitimate

Are Feedbacks Actually Beneficial in Selecting Legitimate Movers and Packers Within present age of technological innovation, persons are buying items on such basis as its online worth in fact it is well maintained by sim ...

Case study - inventory management for pharmaceutical

Case Study - INVENTORY MANAGEMENT FOR PHARMACEUTICAL INDUSTRY Questions- 1. How well do you think the existing inventory control system works? What are the current annual total costs for the selected items? 2. What polic ...

Apa style reference with in -text citationsdevelopment of a

APA STYLE REFERENCE WITH IN -TEXT CITATIONS Development of a Comprehensive Security Management Plan. In Section II. Security Business Requirement (Week 2) will be 2-3 pages to assess security business requirements for Am ...

Ict systems acquisition and integration individual report -

ICT Systems Acquisition and Integration Individual Report - Response to RFP Resource: Tayntor, C, (2002), Successful Packaged Software Implementation, Auerbach Publications; Unit lecture recordings and references. Your T ...

Task-you have recently been promoted into the role of head

Task- You have recently been promoted into the role of head of communications for a publically listed company. Your first assignment in the role is to develop a communication plan for the launch of (new product) an innov ...

Decision tree analysisimagine you have your mba degree and

Decision Tree analysis Imagine you have your MBA degree and have just been hired as Assistant to the Vice President. Your boss tells you that the company is thinking about building a new hotel. The success of the hotel w ...

Topic planning toolstechniquesgeneral framework discuss the

TOPIC: planning tools/techniques General framework: Discuss the planning function in the context of the work of the manager. illustrate with a case study. Individual components: Explain the techniques through the use of ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate