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VLD [36.1K]
3 years ago
11

Specialty stores like Lids carry ________ with ________. A. wide product lines; shallow assortments B. narrow product lines; sha

llow assortments C. only convenience products; shallow assortments D. narrow product lines; deep assortments E. wide product lines; deep assortments
Business
1 answer:
4vir4ik [10]3 years ago
4 0

Answer:

narrow product lines; deep assortments

Explanation:

product line is group of same type of product selling under a same brand name.

narrow and wide product line is defined on the basis of number of type of product being sold by a retailer.

Narrow product line is a retailing strategy which means that few type of products which is being sold by a retailer.

Example: Pizza hut which sells only limited number of eatables thus they have narrow product lines

Wide product line means very high number of different type of product is being sold by the retailer.

Example:wall mart which sells wide number of products

Assortment is strategy in retail which defines number of different brands of same type of product which is being sold by a retails.

It is of two types

shallow assortments: It means very few brands of same type of product is offered by a retailer.

deep assortment: It means large of number of different brand of same type of product is being sold by a retailer.

Specialty stores are store which sell only limited type of product but they offer wide variety of choices of brand for the products which they sell. In retail marketing term they keep narrow product line but deep assortments as mentioned in the definitions above

Since Lids is a specialty store the correct option would be narrow product line, deep assortments.

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3 0
3 years ago
Product Pricing: Single Product Presented is the 2017 contribution income statement of Grafton Products. GRAFTON PRODUCTS Contri
hodyreva [135]

Answer:

a)647,000

b)658,000 yes as increase net income

c) 2,480,000

Explanation:

a) current net income :                                               842,000

less 13,000 x 12 increce in variable manufacturing  (156,000)

less increase in fixed MO                                        <u>     (39,000)  </u>

                                                                                      647,000

b)

Sales        3,200,000    (16,000 x 200)

Variable   <u> (1,408,000)</u>  988,000x16,000/13,000 + 156,000

Contribution  1,792,000

Fixed MO (819,000)  

Fixed S&A<u> (315,000)   </u>

Net Income 658,000

c)

\frac{Fixed\:Cost + Target \: Profit}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}

\frac{Contribution \: Margin}{Sales \: Revenue} = Contribution \: Margin \: Ratio

1,792,000 / 3,200,000 = 0.56

\frac{1,134,000 + 254,800}{0.56} = Break\: Even\: Point_{dollars}

4 0
4 years ago
For July, White Corporation has budgeted production of 6,000 units. Each unit requires 0.10 direct labor-hours at a cost of $8.5
Sedbober [7]

Answer:

d) $5100

Explanation:

Simply calculate per unit labor cost.

This can be done as follows

Per unit labor cost = hours used by unit * per hour rate

So,     Cost = 0.1 * 8.50 =  $0.85/ labor cost per unit produced.

Now multiply per unit cost with total units budgeted

Total Labor budget = 6000 * 0.85  =  $5,100

Hope that helps.

6 0
3 years ago
In 2016, Southwest Airlines had negative net working capital of $(2,346) million and current assets of $4,498 million. The firm’
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Answer:

B. $6,844 million.

Explanation:

We know,

Net working capital = Current asset - Current liabilities

Given,

Net working capital = $(2,346) million

Current asset = $4,498 million

Putting the value into the formula, we can get

Net working capital = Current asset - Current liabilities

Current liabilities = - Net working capital + Current asset

Current liabilities = - (2,346) + $4,498

Current liabilities = $2,346 + $4,498

Current liabilities = $6,844 million.

Option B is the correct answer.

7 0
3 years ago
From 2006 to 2008 there was a dramatic fall in the price of houses. If this fall made people feel less wealthy, then it would ha
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Answer:

b. aggregate demand left

Explanation:

The aggregate demand is the total goods and services demanded by a country, a certain price level, in a given period of time.

The aggregate demand that can be accounted for measures exactly the same as GDP. So they are often used as synonyms.

8 0
4 years ago
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