This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Since bridal retailers often refer to markup in terms such as 2.1 or 2.5, based on cost, why should ... (Read 23 times)

joblessjake

  • Hero Member
  • *****
  • Posts: 555
on: Sep 11, 2018
Since bridal retailers often refer to markup in terms such as 2.1 or 2.5, based on cost, why should a student of retail merchandising know how to calculate markup based on both Retail and Cost?
 
  What will be an ideal response?

Question 2

New Englanders who attend college and work part-time jobs at recreational parks and purchase Patagonia and Northface products characterizes _________________ segmentation.
 
  a. Demographics c. Geographics
  b. Psychographics d. Geodemographics


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

snackralk

  • Sr. Member
  • ****
  • Posts: 363
Reply #1 on: Sep 11, 2018
Answer to Question 1

The usefulness of  Retail based on cost is simplicity in calculation. However, profitability factors including cumulative markup and maintained markup are based on  Retail. Also, national comparison data for stores of your type are based on  Retail data. Thus, both are useful to the retailer.

Answer to Question 2

d


joblessjake

  • Member
  • Posts: 555
Reply 2 on: Sep 11, 2018
YES! Correct, THANKS for helping me on my review

recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Pap smear. Cells of the cervix (shown in the center) change in appearance as they progress through Pap smear. Cells of the cervix (shown in the center) change in appearance as they progress through
Prevention programs for school based violence Prevention programs for school based violence
Sibling relationships can be intense, in terms of both having fun together and engaging in conflict. Sibling relationships can be intense, in terms of both having fun together and engaging in conflict.
How to evaluate algebraic terms containing fractional exponents without a calculator (Part 2) How to evaluate algebraic terms containing fractional exponents without a calculator (Part 2)
Cost of Copying for the Follower Country Cost of Copying for the Follower Country
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Video: Inflammatory response Animation

For a complete list of videos, visit our video library