Question 1
Critically appraise the concept of retailing from various perspectives,demontrate its impact on any developing country's economy and its special characteristics
Question 2
Strategic planning specifically involves adapting the resources of the retail organization to the opportunities and treats of an ever changing (retail) business environment. Assess this statement comprehensively as it relates to the basic process followed in retail strategic planning.
Question 3
There are several environmental factors that affect or influence the shopping attitudes and behaviour of consumers , which the retailer should always be aware of when designing a retail strategy .Give an explanatory account of these factors in detail.
Question 4
Cartyn Coats Ltd manufacturing waxed jackets in a small factory on the outskirts of cardiff.Their sole customer is a major canadian chain store , which purchases 1000 jackets each month .The factory's capacity is 1250 per month. The company charges the chain store $80 per jacket.
Fixed costs per month are: The manufacturing of each jacket costs:
rent $4 800 material $24.00
rates $3600 labour $ 26.00
salaries $9600
a) what is the break even point output in units?
b) what is the break even in monetary terms (dollars)?
c) discuss the concept of franchising with an example
d) identify the 10 most important location factors.
e) briefly analyse the fundamental tasks of management in your opinion and provide an example of each task.