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natka813 [3]
3 years ago
12

Assume you are a brand manager of a clothing brand that offers formal clothing for gents in mid-tier market segment. The brand i

s constantly experiencing low sales for last six months. Being the brand manager you are given a task of carrying out the research to identify the problem. Explain in detail (step-wise) the market research you will carry out to identify the cause. Also provide the plausible trends (outcomes) of the research. You may assume any detail (such as brand name, location, etc.) yourself that is not mentioned here and may be needed for solving the problem. However, mention those details in your solution.
Business
1 answer:
vlada-n [284]3 years ago
8 0

Answer:

Following steps are followed to carry out research for declining sales,

Define the problem

List possible solution

Evaluate each alternative solution

Finalize the solution

Implement the solution

Measure results

Explanation:

Sales is very crucial element for any business. The declining sales at gents clothing brand has created a problem for business managers. The declining sales will results in many problems like, inventory obsolete issues, lesser profits, increase cost and similar. The main reason for declining sales could be change in fashion or trend. Gents clothing is very much impacted by celebrities. If some popular celebrity has changed its way of dressing the impact can be observed in entire fashion industry.

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During some year a country had exports of $50 billion, imports of $70 billion, and domestic investment of $100 billion. what was
ch4aika [34]

Savings = Investment +Net exports ( where Net export = Export - Imports)

             = 100 + 50-70

             = $80 billion

Imports are goods and services purchased from the rest of the world by residents of a country rather than domestically produced items. Exports are goods and services produced in the United States but sold to customers in other countries.

Total imports and total exports are critical components in calculating a country's GDP. They are categorized as "Net Exports." Net exports are calculated by subtracting the total value of a country's exports from the total value of its imports. A trade surplus is indicated by a positive net exports figure.

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8 0
2 years ago
Miguel is mixing up a salad dressing. Regardless of the number of servings, the recipe requires that 5/8 of the finished dressin
Leona [35]

Answer:

a) 15/29

Explanation:

The fraction in which the olive oil must be added = 5 / 8

Vinegar's fraction = 1 / 4

The remainder is = 1-\frac {5}{8}-\frac {1}{4} = 1 / 8

Salt, pepper and sugar are mixed evenly. SO,

Salt's fraction = Pepper's fraction = Sugar's fraction = 1 / 24

Thus, New recipe contains:

Olive oil's fraction = 5 / 8

He doubles the vinegar, So, Vinegar's fraction = 1 / 2

He missed sugar, so left ones are salt and pepper which are:

Salt's fraction = Pepper's fraction = 1 / 24

Total = (5 / 8) + (1 / 2) + (1 / 24) + (1 / 24) = 29 / 24

Olive oil's proportion = \frac {Amount\ of\ Olive\ oil}{Total\ amount}=\frac {\frac {5}{8}}{\frac {29}{24}}=\frac {5}{8}\times \frac {24}{29} = 15 / 29

6 0
3 years ago
Type: Newspaper Article
mamaluj [8]
The best answer choice is D. 
5 0
3 years ago
50 percent of your potential customers would be willing to buy your product for $16 each, but the other 50 percent would be will
nignag [31]

If you set the selling price of each unit at $16, the expected profit per customer is: $6.

<h3>Expected profit</h3>

Using this formula

Expected profit=Lowest amount willing to pay-Marginal cost

Where:

Lowest amount willing to pay=$10

Marginal cost=$4

Let plug in the formula

Expected profit=$10 - $4

Expected profit= $6

Therefore if you set the selling price of each unit at $16, the expected profit per customer is: $6.

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8 0
2 years ago
Suppose the town of boone has a total population of 50,000 people. of those, 45,000 people are employed. there are 1,000 full-ti
slega [8]
Population - 50,000
Employed - 45,000
Students not looking for work - 1,000

To calculate Boone's unemployment rate you'll use the formula: 
Unemployment rate = number of people unemployed / labor force

Those that fall into the unemployment category are those that are not working but are actively looking/wanting to work. Students, stay-at-home moms etc that are not wanting to work, though unemployed, to not fall into this category.

The labor force is made up of everyone willing and able to work.

First, let's subtract the students who are not looking for work from the population so get the labor force. 50,000 - 1,000 = 49,000 (labor force)

Next, to get the number of people unemployed let us subtract the labor force of 49,000 by those already employed of 45,000. 49,000 - 45,000 = 4,000

Finally, we are able to calculate the unemployment rate of Boone. 
Unemployment rate = number of people unemployed / labor force
Unemployment rate = 4,000/49,000= .081 multiply by 100 to get the percentage. 8.1%
Unemployment rate of Boone is 8.1%
3 0
4 years ago
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