Explain the purpose and benefits of standard operating procedures.

Discuss the advantages of using demographic and psychographic segmentation.

How do you discriminate between conventional and contemporary retail formats.

“In store, design is proportionately related to profitability”. Discuss.

“In store, design is proportionately related to profitability”. Discuss.

What are the advantages and disadvantages of having a centralized warehouse?

Evaluate the nature of decision making within retail organization pertaining to retail operations practices.

Distinguish between strategic and resultant drivers.

Explain the challenges of space management and how you will maximize the profitability of your space.

 What is the importance of organization structure in retail? Explain the important tasks performed in retail.

Describe briefly different retail price strategies.

Describe the important factors that should be considered while making the selection of a vendor.

Why is assortment planning necessary for a successful business? Discuss the main guidelines for this purpose.

Distinguish between:

(a) Stock turn and stock to sales ratio

(b) Premium pricing and economy pricing

What is meant by Break Even Analysis? Explain the “Mark-up” method of pricing.

Explain the process of setting sales objectives.

Explain the importance of the sales forecasting in the retail business. Describe different factors that are taken into account while making it.

“Category Management meets customer needs better than standard brand management”. Elaborate.

What is meant by merchandising strategy? Explain its different components

Explain the guidelines that you will follow in handling customer complaints with examples.