1: Describe the importance of financial analyses in strategic formulation. Think about how a strategist can use financial analyses to develop effective strategies.

2: Explain why high inventory turnover with lower-priced goods can generate more profits? In other words, think about how general merchandise discount stores such as Walmart can generate large profits.

3: Do you think a huge price discount on Rolex wristwatch will increase the profits of Rolex? Describe your opinions.