Exam (elaborations)
CPCM Assortment Analysis Test Questions and Answers All Correct
- Course
- Institution
CPCM Assortment Analysis Test Questions and Answers All Correct CPCM Assortment Analysis Test Questions and Answers All Correct
[Show more]
Content preview
CPCM Assortment Analysis TestQuestions and Answers All Correct
•Which of the following is an example of assortment strategies? - Answer-All of the
above: first to market, market coverage objectives, broad assortment, private label
strategy
•The opposite effect of cannibalization is incremental contribution. - Answer-TRUE
• Identify a reason activity based costing may not be effective. - Answer-Retailer's
inability to track detailed cost data
•Which of the following are justifications for expanding within a category? - Answer-All of
the above: category growth, reduce category items, changing consumer preferences,
changes in category profitability
•When you're integrating assortment recommendations with your space planning
software, it's best to import the assortment recommendations directly into the software
and planogram. Is this state true or false? - Answer-TRUE
•What is a measure besides All Commodity Volume that you can use to understand
product distribution at an item level? - Answer-% of stores carrying
•Refer to the diagram. If the retailer's market coverage objective is 80, how many SKUs
should they carry in this segment to meet their objective? - Answer-4
•What definition most accurately describes incremental contribution? - Answer-
Incremental contribution identifies numerically the benefit of adding an item to a
category assortment
•Define activity based costing - Answer-A method to accurately identify overhead costs
not tied to direct labor
•Item level assortment with a category should be different across retailers within the
same channel - Answer-TRUE: Assortment choices for different retailers are determined
by different target consumers
•Which is not the correct formula for GMROII? - Answer-Gross Profit/Total Inventory
Cost
•Which of the following are considerations in creating assortment recommendations? -
Answer-Identifying the market that will be used as a performance comparison,
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Scholarsstudyguide. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.89. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now