Retail Marketing (Sales Specialist) Grade 3 | Merchandising Questions
Problem 1 ・ Question 1 / 10
What is the basic aim of merchandising?
View explanation
It manages sales, profit and inventory together while meeting customer demand.
Problem 1 ・ Question 2 / 10
In a merchandise assortment, what does "breadth" refer to?
View explanation
Breadth is the number of categories; depth is the number of varieties and items within each.
Problem 1 ・ Question 3 / 10
What generally characterizes products classified as rank A in an ABC analysis?
View explanation
Important products with a high cumulative share are classified as A, with priority given to managing stockouts and inventory.
Problem 1 ・ Question 4 / 10
What does a high stock turnover generally indicate?
View explanation
Sales volume is high relative to stock, but the balance against stockouts also needs checking.
Problem 1 ・ Question 5 / 10
For an item selling at 1,000 yen with a purchase cost of 700 yen, what is the markup per unit?
View explanation
Markup is selling price minus cost, so 1,000 − 700 = 300 yen.
Problem 1 ・ Question 6 / 10
Which is an appropriate reason for marking prices down?
View explanation
Adjust the price before the season for demand passes, recovering the investment in stock and refreshing the sales floor.
Problem 1 ・ Question 7 / 10
What is the reorder point method?
View explanation
Replenishment is triggered at a reorder point that allows for demand during the lead time and for safety stock.
Problem 1 ・ Question 8 / 10
What is the main purpose of holding safety stock?
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It is a cushion against forecasting error and late delivery.
Problem 1 ・ Question 9 / 10
What is the main purpose of stocktaking?
View explanation
Physically checking quantity and condition confirms the accuracy of the stock records and the extent of loss.
Problem 1 ・ Question 10 / 10
Which is an appropriate way to manage expiry dates for food?
View explanation
First-in, first-out and checking dates prevent both waste and the sale of out-of-date goods.
Result
More sets in this exam
- Retail Marketing (Sales Specialist) Grade 3 | Types of Retailing Questions
- Retail Marketing (Sales Specialist) Grade 3 | Marketing Questions
- Retail Marketing (Sales Specialist) Grade 3 | Sales and Business Management Questions
- Retail Marketing (Sales Specialist) Grade 3 | Retail and Wholesale Classification and Franchise Questions 02
- Retail Marketing (Sales Specialist) Grade 3 | Merchandising Purchasing Plans and Inventory Metrics Questions 02
- Retail Marketing (Sales Specialist) Grade 3 | Store Operations Food Hygiene and Materials-Handling Safety Questions 02