Edlp - Study guides, Class notes & Summaries

CPCA Mini Exams combined Questions With Complete Solutions 100% Solved • A measure that reflects the average product price in retail stores when any merchandizing condition was in effect: - answerPromoted price Average non promoted price: Average promoted price: Average price per unit: - answerhighest value lowest value median • At what product level is average unit price (both regular and feature) MOST effective, why? - answerItem level, average unit price should only be used at a...

What best describes the grocery channel? - Answer-higher operating expenses creating higher overhead resulting in tighter margins and higher prices tactics of limited assortment stores - Answer-Limited SKU counts, low prices, limited service, small store footprint attribute of a Club store - Answer-tend to have less operating expenses and less overhead so prices are generally lower EDLP - Answer-offers shoppers everyday low prices on all items High/Low - Answer-offers higher everyday pric...

CPCA Practice Test Complete Questions with 100% Correct Answers 1. Is the acronym GMROI important to the practice of category management? No 1. Is the acronym DSD in-store merchandising materials used to catch shopper's attention? No 1. Does referring to a product as incremental mean that the product is unavailable at the shelf or point of purchase? No 1. Which one of these statements best represents an attribute of a Club store? 1. a. Club stores offer a better value for consumers and...

1- Category management CPCA Practice Exam Questions With 100% Correct Answers What are 3 business measures to be attached to any data source? - answerProduct, geography, time period. All data should be cited. Where should destination categories be placed in store and why? - answerWhere the retailer wants shoppers to go. Force them to pass buy impulse categories on the way, helping to drive higher margin impulse buys. A high % of retailer resources are allocated to categories with this ro...

CPCA Exam- Basic industry knowledge Q & A • When looking at channel dynamics which one of these statements best describes the grocery channel? -Answer-Grocery stores have higher operating expenses creating higher overhead resulting in tighter margins and higher prices • Which of the following best describes why channel blurring is occurring in our industry? - Answer-All of the above: increasing growth of alternative store formats, increased competition for consumer spending, items carr...

CPCM Course 5 Pricing Strategies and Analysis Techniques Cost Based Pricing (or Cost-plus) -Answer-A pricing method in which the selling price is determined by evaluating all of the costs a company incurs and adding a markup. Value-Based Pricing -Answer-The method of setting a price by which a company calculates and tries to earn the differentiated worth of its product for particular customer segment when compared to its competitor. Competitive Pricing -Answer-A pricing method that utilize...

Walmart Test Questions and Answers Already Passed Which of the following is a benefit of fast zoning for our customers and our associates? A. Keeps PI Accurate B. More Efficient C. Easier to find products for associates and customers? D. All of the listed answers are correct. Correct Answer: D How do we provide Every Day Low Price (EDLP) to our customers? By ensuring we do our part to maintain Every Day Low Cost (EDLC). Which of the following can contribute to increased shrink? Forgett...

price correct answers the amount of money charged for a product or service, or the sum of all the values that customers exchange for the benefits of having or using the product or service value-based pricing correct answers uses the buyer's perceptions of value rather than the seller's cost (example: Burberry or other luxury brands) cost-based pricing correct answers sets prices based on the costs for producing, distributing, and selling the product plus a fair rate of return for effort ...

1- Category management CPCA Practice Exam Questions Correctly Verified To Score A+ What are 3 business measures to be attached to any data source? -Answer-Product, geography, time period. All data should be cited. Where should destination categories be placed in store and why? -Answer-Where the retailer wants shoppers to go. Force them to pass buy impulse categories on the way, helping to drive higher margin impulse buys. A high % of retailer resources are allocated to categories with th...

CPCA Practice Test Exam Questions With Complete Solutions 1. Is the acronym GMROI important to the practice of category management? - answerNo 1. Is the acronym DSD in-store merchandising materials used to catch shopper's attention? - answerNo 1. Does referring to a product as incremental mean that the product is unavailable at the shelf or point of purchase? - answerNo 1. Which one of these statements best represents an attribute of a Club store? - answer1. a. Club stores offer a bette...