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 65 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
Excellent

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Female choice based on male appearance. Female choice based on male appearance.
Terms Used for Trunk and Limbs Terms Used for Trunk and Limbs
Teaching methods based on patients developmental capacity Teaching methods based on patients developmental capacity
Postoperative hyperphagia and obesity in a rat with bilateral VMH lesions. (Based on Teitelbaum, ... Postoperative hyperphagia and obesity in a rat with bilateral VMH lesions. (Based on Teitelbaum, ...
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Respirator decision logic based on the EPA method. It is very important to know when to use supplied ... Respirator decision logic based on the EPA method. It is very important to know when to use supplied ...
Video: Dorsal Recumbent Position

For a complete list of videos, visit our video library