Author Question: The following information is known for a buyer of cosmetics: Planned sales for the month 42,000 ... (Read 67 times)

natalie2426 · **on:** Jun 29, 2018

The following information is known for a buyer of cosmetics:

Planned sales for the month 42,000
Planned EOM stock 60,000
Planned reductions 4,800
BOM inventory 72,000
Merchandise commitments for delivery 9,600

What is the cosmetic department's open-to-buy at retail?
a. 10,000
b. 25,200
c. 32,400
d. 34,800
e. 38,600

Question 2

A salesperson's conversion rate is defined as:
a. the total number of customers who walk out of the store with a purchase divided by the total number of customers who entered the store.
b. the number of customers who make a purchase on the first visit to a store divided by the total number of customers.
c. total number of transactions per hour.
d. total items purchased divided by number of customers entering the store.
e. the number of customers who make a purchase divided by the number of customers who do not make a purchase.