Edlp - Study guides, Class notes & Summaries

CPCA Exam Questions With Complete Solutions 100% Solved Is the acronym ACV the total sales volume reported for a store or group of stores- Yes or No? Yes Is a consumer the person who buys the product-yes or no? No Does referring to a product as incremental mean the the product is unavailable at the shelf or point of purchase- yes or no? No Which of the following is not a specific trend in category management? A. Industry consolidation B. the use of shopper insights C. Reliance on fr...

UPenn Marketing 101 Final Exam Questions and Answers 100% Pass Dynamic Pricing - Correct Answer ️️ -Adjusting prices continually to meet the characteristics and needs of individuals and situations; setting prices for a good/service based on the demand for it at the moment based on the availability of supply Uber's Surge Pricing - Correct Answer ️️ -Higher demand causes a price multiplier to kick in, increasing rates up to 8x the original price. Model: Increase supply, decrease de...

Dynamic Pricing - Adjusting prices continually to meet the characteristics and needs of individuals and situations; setting prices for a good/service based on the demand for it at the moment based on the availability of supply Uber's Surge Pricing - Higher demand causes a price multiplier to kick in, increasing rates up to 8x the original price. Model: Increase supply, decrease demand Target Costing - Reverse engineer a product based on demand at a certain price point EDLP - Every Day Low...

UPenn Marketing 101 Final Exam Questions and Answers 100% Pass Dynamic Pricing - Correct Answer ️️ -Adjusting prices continually to meet the characteristics and needs of individuals and situations; setting prices for a good/service based on the demand for it at the moment based on the availability of supply Uber's Surge Pricing - Correct Answer ️️ -Higher demand causes a price multiplier to kick in, increasing rates up to 8x the original price. Model: Increase supply, decrease de...

Types of Service Levels correct answers self-service: serve customers who are willing to perform their own locate-compare-select process. limited-service: carries more shopping goods about which customers need information, provides more sales assistance. full-service: carries more specialty goods, assist customers in every phase of the shopping process omnichannel retailing correct answers creating a seamless cross-channel buying experience that integrates in-store, online, and mobile shoppin...

Dynamic Pricing - Answer-Adjusting prices continually to meet the characteristics and needs of individuals and situations; setting prices for a good/service based on the demand for it at the moment based on the availability of supply Uber's Surge Pricing - Answer-Higher demand causes a price multiplier to kick in, increasing rates up to 8x the original price. Model: Increase supply, decrease demand Target Costing - Answer-Reverse engineer a product based on demand at a certain price point ...

CPCA MINI Exams Combined Questions With 100% Correct Answers • A measure that reflects the average product price in retail stores when any merchandizing condition was in effect: -Answer-Promoted price Average non promoted price: Average promoted price: Average price per unit: -Answer-highest value lowest value median • At what product level is average unit price (both regular and feature) MOST effective, why? - Answer-Item level, average unit price should only be used at an item or...

CPCA Practice Exam Questions With 100% Correct Answers Why is "channel blurring" occurring in the retail industry? -Answer-All of these are correct. Channel blurring is occurring because of many changes in the retail industry - all of the traditional channel rules are being broken! Dollar Stores have begun to appeal to high income families in the United States and Canada. Why is this happening? -Answer-Low prices on certain items are important to some upscale families. Which of the fol...

CMA Certification - CPCA EXAM |115 Questions| With Correctly Solved Solutions Which of the following statements describes a product that is incremental? -Answer-A product that adds variety of choice relative to other existing products Basic Industry Knowledge -Answer- which of the following is not a specific trend in category management -Answer-industry consolidation what is in store merchandising materials used to catch shoppers attention -Answer-POP When looking at channel dynamics whi...

Which of the following is a benefit of fast zoning for our customers and our associates? correct answersAll of the listed answers are correct How do we provide Every Day Low Price (EDLP) to our customers? correct answersBy ensuring we do our part to maintain Every Day Low Cost (EDLC) Which of the following can contribute to increased shrink? correct answersForgetting to check on BOB and LISA Which of the following means being aware of your surroundings and what customers are doing? corr...