Moving to another question will save this response. Question 1 of 25 Question 1 3 points Save Answer Tidewater sells garden benches. At $200 per unit they sell 100 benches, Price was reduced to $160 and 150 benches were sold. This reflects: elastic demand Value pricing laggard buyers inelastic demand Meet competition pricing Moving to another question will save this response. Question 1 of 25 >> > Moving to another question will save this response. Questio Question 2 3 points USMCA/NAFTA Diminimus Rule debate. Which statement is false? Canada rejected the $200 Exemption bur raised its exemption to $40 CAD Mexico accepted the original $800 U.S. Exemption for Mexico Canadian consumers must pay the taxes and duties for online purchase from foreign sources Canada exempts $20 CAD from taxes and duties but U.S. sought a $200 U.S. exemption in Canada Canadians pay its government 12.25% sales tax and 2.0% duties on cro and 2.0% duties on cross-border trade with the U.S. A Moving to another question will save this response. >> Moving to another question will save this response Question 3 3 points Save Answer An owner of a restaurant decided that 5 percent of next year's projected sales will be spent on advertising. The owner is utilizing the method in determining the restaurant's advertising budget. percentage-of-sales parity task-and-objective affordable approximation Moving to another question will save this response. Moving to another question will save this response. Question 6 of 25 > >> Moving to another question will save this response. Question 4 of 25 > >> Question 4 3 points Save Answer According to the Hierarchy of Effects model, which type of sales promotion would you use to stimulate Conative behavior (Purchase) Demonstrations Premiums coupons Sales training Cents off labels Moving to another question will save this response. A Moving to another question will save this response. Question 9 of 25 Moving to another question will save this response. Question 10 of 25 Question 10 3 points Save Answer method of merchandise planning requires that, in addition to a base stock level, there will be a variable amount of inventory that will increase or decrease at the beginning of each sales period, The stock-to-sales base BOM contribution base level average stock basic stock > Moving to another question will save this response. Question 10 of 25 > >> 23 24 25 Question 11 of 25 Moving to another question will save this response. 3 points Save Answer Question 11 According to the Hierarchy of Effects model, which type of sales promotion would you use to stimulate Affect (Evaluation) Demonstrations Coupons Premiums -Sales Training Cents off labels Moving to another question will save this response. Question 11 of 25 MOVI U druler yeUITWIN JUL JILJUN Question 12 3 points Save Answer A major benefit of the loop layout is that it: lets the shopper get in and out of the store very quickly provides a major customer aisle which begins at the entrance, loops through the store and then moves the customer to the "clearance" merchandise section of the store. encourages customers to flow freely through all the fixtures, since there are usually no defined traffic patterns in the store, never lets the customer stray more than 10 feet from any of the merchandise in the store exposes shoppers to the greatest possible amount of merchandise. -> Moving to another question will save this response. Question 13 of 255 - Moving to another question will save this response. Question 13 3 points Save Answer Which of the following statements regarding the use of sales promotion is false? Sales promotional tools can be used to target customers, but are not effective in supporting sales force activities. To use the sales promotion tools to facilitate the sale of both new and/or existing products Sales promotional tools can lose their effectiveness due to overuse or saturation. All members of the channel of distribution can make effective use of sale promotion techniques. Sales promotion can be used to increase inventory levels, but should not increase them above projected sales forecasts. Moving to another question will save this response. >> Question 14 of 25 Moving to another question will save this response. 3 points Save Answer Question 14 and are the two primary objectives of the store environment Creating the desired store image: increasing space productivity Maximizing impulse purchase opportunities, effective shelf space allocation Effective sales management; creating a distinctive ambience Creative merchandise presentation effective store traffic control Maintaining a pleasant selling environment; effective merchandise control Moving to another question will save this response. Question 14 of 25 >>> USLUNIJU Moving to another question will save this response. 3 points Save Are Question 15 is (are) the difference between net sales and cost of goods sold. Gross margin Operating profit Net profit Gross sales Operating margin Moving to another question will save this response. Question 15 of 25 Question 17 3 points Save Answer When doing next season's merchandise budget, the buyer's planned purchases at retail are $125,000 with a markup percentage of 40% at retail What is the buyer's planned initial markup? $96,000 560,000 $50,000 $75,000 $84,000 Moving to another question will save this response. >> 3 points Save Answer Question 18 Advertising effectiveness refers to: the number of target customers that come into contact with a given advertising message. the number of times a member of a target group is exposed to a specific advertisement the extent to which advertising has produced the desired result. if it achieved the lowest CPM-TM the impact an advertisement makes on potential customers. Moving to another question will save this response. Question 18 of 25 Moving to another question will save this response. Question 19 3 points Save Answer You have decided that one of the goals of your retail expansion is to establish a loyal customer base before the competition is able to do so. Therefore, when you enter a new trading area with a new product or service, you should use a price strategy. Status quo penetration skimming late markdown cost.plus Moving to another question will save this response Question 19 of 25 Question 20 of 25 Moving to another question will save this response. 3 points Save Answer Question 20 According to the Hierarchy of Effects model, which type of sales promotion would you use to stimulate cognition (interest) Coupons Demonstration Sales training Premiums Cents off labels Moving to another question will save this response. Question 20 of 25 AT&T Question 21 3 points Save Answer Given the following information, which of the following sets of data sets up the Strategie Profit Model in a correct format? Gross Sales $120,000 Cost of Goods Sold $ 45,000 Net Worth 30,000 Net Sales $100,000 Fixed Assets $140,000 Cash Flow $ 25,000 Gross Margin $ 60,000 Current Assets $ 60,000 Net Profit (BT) $ 15,000 Contribution Margin $ 30,000 25,000/60,000 = 15,000/100,000 x 100.000/60,000 X 60,000/30,000 30,000/25,000 = 30,000/100,000 x 100,000/200,000 x 30,000/30,000 15,000/30,000 = 120,000/100,000 x 100,000/25,000 x 140,000/30,000 15,000/30,000 = 15,000/100,000 x 100,000/200,000 x 200,000/30,000 60,000/30,000 = 120,000/140,000 x 140,000/45,000 45,000/30,000 Moving to another question will save this response. Question 21 of 25 24 25 Question 24 of 25 Moving to another question will save this response. 3 points Save Answer Question 24 Your total sales during a six-hour shift were $1.200. Your individual performance in terms of sales per hour would be: $200, $400. $2.000 $1.200 $66 A Moving to another question will save this response. Question 24 of 25 Click Submit to complete this assessment. Question 25 of 25 Question 25 3 points Save Answer Which of the following is not an advantage of using social media tools of promotion? Social media can be integrated with traditional tools such as advertising as part of a promotional campaign Social and digital media have been shown to be potent tools for impressions. Social media spreads your promotional message more rapidly and less expensively than tradition media Social media encourages multiple conversations using difference communication modes. Measures of the effectiveness of social media are better than measures used for more more traditional tools of promotion > Click Submit to complete this assessment.