yanne/Downloads/BUS.3260-20ftt2.pdf 34. Offering people unique merchandise, such as environmentally sensitive products, providing an innovative service to improve personal health, or sponsoring community events are all examples of A. Personal objectives B. Societal objectives C. Environmental objectives D. Civic objectives E. Political objectives 35. Why do retailers pursue different strategies when determining whether their return on investment is profitable? A. Different retailers have different financial operating characteristics B. Profitability can be defined differently depending upon the retailer C. Retailers use the turnover strategy only when their investments "tum over" to profit D. Retailers can use the profit path and the turnover path interchangeably E. Strategies may change depending upon performance 36. How do you calculate net sales? A. Net Sales (operating expense + interest expense) - (gross sales) B. Net Sales - (customer returns + customer sales + customer allowances) C. Net Sales - (gross sales) -(customer returns + promotional allowances from vendors) D. Net Sales - (gross sales - cogs) E. Net Sales (promotional allowances gross profits) 37 give() the retailer a measure of how much profit it is making on merchandise sales without considering the expense associated with operating the store. A. Expenses B. Financial leverage C. General expenses D. Gross margin E Net profit MacBook Air de PIL H $ 4 3 % 5 6 & 7 00 * 9 0 E E R T Y U O 29. Some core competitive advantages for global retailers include the following EXCEPT: A. Adaptability B. Recognize cultural differences. C. Global culture. D. Financial resources. E. Imposing selling practices and retail formats from the originating country. 30. The failure of Canadian retailers in the U.S. market has been due to the following EXCEPT: A. failing to conduct adequate research. B. not devoting enough money to the market entry. C. underestimating the competitiveness of the U.S. market. D. failing to conduct adequate research. E. securing capital for expansion. 31. The following are typical ways retailers enter foreign country markets EXCEPT: A. Franchising B. Joint ventures C. Strategic alliance D. Both franchising and joint ventures E. Political pressure 32. In what sector are the majority of the largest global retailers involved? A Automobiles B. Auto parts C. Food D. Apparel E Furniture 33. The strategic profit model is useful to retailers because it includes all of the following EXCEPT MacBook Air 30 23 Fe # $ 4 3 % 5 * 6 & 7 8 8 9 W E 40 Y 1