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Question I You and your partner are debating about the pricing strategy for your new retail business which is about opening a Used Cars Showroom

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Question I You and your partner are debating about the pricing strategy for your new retail business which is about opening a Used Cars Showroom to deal with (sell & buy) used cars. She is insisting to go for Everyday Low Pricing (Customary Pricing Concept) while you are disagreeing on this decision. Hence, 1) you need first to educate her and make her aware about the checklist of selected decisions for the pricing strategy. Then 2) you need to clearly identify your best strategy concept choice and 3) try to convince her why your choice is far better than her choice and other available concepts especially for the business that you are intending to run. Finally, 4) you need to convince her that her choice is not the best among the other different concepts i.e. a one-price policy, flexible pricing, leader pricing, and price lining Question 2 Forecasting is defined as projections of expected retail sales for given periods. They are the foundation of merchandise plans. You are the merchandise personnel in Zara which is a men's apparel store. You are responsible for overseeing all buying and selling functions, such as assortments, advertising, pricing, point-of-sale displays, employee utilization, personal selling approaches department. You are requested by the general manger to develop a model stock plan for men's dress shoes. List the assumptions in your plan about this assortment merchandise? Question 3 You have recently been appointed as a Security Manager at the Avenue in Bahrain, responsible for developing and implementing security policies, protocols and procedures. Controlling budgets for security operations and monitor expenses. Recruiting, training and supervising security officers and guards. The General Manager of this mall has requested you to develop a personal security program for the Avenue that is open until 12:00 midnight during peak sales periods (such as EID time)

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