Retail firms - Study guides, Class notes & Summaries

entrepreneurship (4) - Answer-1. process of *initiating* a business venture 2. organizing the necessary *resources* 3. assuming the associated *risks* 4. enjoying the *rewards* how many employees do most small businesses have? - Answer-none 5 types of small business owners - Answer-1. idealists 2. optimizers 3. hard workers 4. jugglers 5. sustainers idealists - Answer-rewarded by chance to work on something new and creative optimizers - Answer-get personal satisfaction from be...

Retailing - Encompasses the business activities involved in selling goods and services to consumers for their personal, family, or household use. It includes every sale to the final consumer. OR How firms deliver products to end users. Ideal Retailer - - People person - Flexible - Be decisive - Have analytical skills - Have stamina Durable good stores - Motor vehicles & parts dealers, furniture, electronics and appliance stores, hardware stores - Make up 30% of US retail store sales ...

MGMT 333 Exam 4 Questions And Answers 2024 Inventory - ANS-a stock or store of goods. Firms typically stock hundreds or even thousands of items in inventory, ranging from small things such as pencils, paper clips, screws, nuts, and bolts to large items such as machines, trucks, construction equipment, and airplanes. -Many of the items a firm carries in (blank) relate to the kind of business it engages in. Independent-Demand - ANS-The inventory models described relate primarily to what ar...

MAR3231 FSU Hopkins Exam 1 Questions And Answers (Updated And Verified) Retailing - answerEncompasses the business activities involved in selling goods and services to consumers for their personal, family, or household use. It includes every sale to the final consumer. OR How firms deliver products to end users. Ideal Retailer - answer- People person - Flexible - Be decisive - Have analytical skills - Have stamina Durable good stores - answerMotor vehicles & parts dealers, furniture,...

Companies are totally convinced about the importance of corporate social responsibility (CSR) during the initial stages of CSR integration (T or F) correct answers false Ethical principles can change over time (T or F) correct answers true Ethical principles also can change over time. For example, some years ago, doctors and lawyers who advertised their service. Today, such advertising is accepted as common practice (T or F) correct answers true Hotels, hair salons, and auto repair busi...

What has changed for Healthcare Analytics? - Answer- 1 - Increased computing power and storage, decrease in cost; 2 - increased abundance of data in healthcare; 3 - increase in individuals having strong competencies Big Data - Answer- Refers to the Growth in available data, massive continually increasing volume of live and stored data for analysis; and the increase in tools available for highly sophisticated ways to combine and analyze data to yield new information and insights. (Size Sco...

A monopolistically competitive market is characterized by a. a single seller of a unique product that has few or no substitutes. b. very high barriers to entry. c. many small sellers selling a differentiated product. d. a few firms producing either differentiated or identical products correct answers c. many small sellers selling a differentiated product. Which of the following is the best example of a monopolistically competitive market? a. retail clothing stores b. corn c. el...

7-11 is a convenience store that is characterized so because it - has limited variety and assortment of merchandise a retail strategy is made up of the retailers competitive advantage, the retail format and the - target market a retailer sells products and services to - the end user a retailer that carries both hard and soft lines, with wide breadth, shallow depth, usually freestanding store, centrally located checkouts and a low profit margin percent best describes which type of retailer?...

Securities Industries Essentials Exam (SIE) – With Questions & Answers (100% Verified) Securities Industries Essentials Exam (SIE) – With Questions & Answers (100% Verified) Federal Deposit Insurance Corporation (FDIC) - ANSWER - Created during the great depression in response to bank failures. an independent agency of the US federal government that preserves public confidence in the banking system by insuring deposits. The FDIC guarantees what - ANSWER - $250,000 for each deposit o...

Retail - Answer-a set of business activities that add value to the products and services sold to consumers to satisfy their needs Top Retail Industries in Canada - Answer-Automotive ($120 Billion) & Food and Beverage ($110 Billion) Total 2018 Retail Sales - Answer-$605.9 Billion Core Retail Sales - Answer-$376.9 Billion Total Number of Retail Stores - Answer-145,274 Jobs in Retail - Answer-2,057,645 Top 3 Canadian Retailers - Answer-Weston Group (Loblaw's) - $46 million Walmart - $32 mi...