Question

In: Accounting

Select one type of retailer from each of the 3 categories (food, general merchandise, and service-NOTE:...

Select one type of retailer from each of the 3 categories (food, general merchandise, and service-NOTE: there are other service examples that you can choose from like urgent doctor or dental care, hair salon etc.).

Store name and location/place:

Type of retailer:

Product assortment:

Pricing strategy:

Promotion strategy:

General evaluation: (from your viewpoint as a consumer of this retailer)

Need answer please!!

Solutions

Expert Solution

CATEGORY
1 FOOD
A Store name and location/place:
Name :- Food Junction
Location :- Near to Big Market of The city
B Type of retailer:
Food Service
C Product assortment:
Fast Food :- Vada pav, Dabeli, Pizza, Bhel, Dhosa
Fixed Lunch and Fixed Dinner Packs
D Pricing strategy:
Price would be mainly dependent upon the location at which the services are offered.
E Promotion strategy:
Combo Packs should be launched with some dicount so that more than one product can be sold to the customer at a single point of time.
F General evaluation:
Quality of Food offered
Price Charged
Availability of the service
2 GENRAL MERCHANDISE
A Store name and location/place:
Name :- Raj Stationers
Location :- Near To School
B Type of retailer:
Stationery Items
C Product assortment:
School And College Books, Note Books
Book Buinding Service
Ball Pen, Marker Pen, Pencils, Colour Box,Calculator
Calculator, Files, Folders and other accesories.
D Pricing strategy:
Cost Price Plus Normal Margin
E Promotion strategy:
Tie Up With Near By Schools In A Way That Students Of That
School Will Get Discount If They Purchase The Books From His Shop.
And Some Commision would be paid To School In Return.
F General evaluation:
Variety Of products
Availability of Products
Nature and Behaviour of the shop Keeper
3 SERVICE
A Store name and location/place:
Name :- Keyur Shah and Associates
Location :- Standard Area of the City
B Type of retailer:
Chartered Accountant
C Product assortment:
Accounting, Auditing
Gst Registration And Return Filing
Income Tax And Tds Return Filing
Project Finance
D Pricing strategy:
It Will Be Entirely Depended Upon Following Things Of The Client
Nature Of Business
Volume Of Transactions
Complexity Of The Transactions
E Promotion strategy:
Offer Discount To Those Clients Who Wants More Than One Service
F General evaluation:
Price Charged
Experience in the same field
Knowledge in the same field
Nature of services offered

Related Solutions

Select one type of retailer from each of the 3 categories (food, general merchandise, and service-NOTE:...
Select one type of retailer from each of the 3 categories (food, general merchandise, and service-NOTE: there are other service examples that you can choose from like urgent doctor or dental care, hair salon etc.). Store name and location/place: Type of retailer: Product assortment: Pricing strategy: Promotion strategy: General evaluation: (from your viewpoint as a consumer of this retailer) Need answer please!!
Retailing considering the Food and General Merchandise types of retailers (not Service): What type of retailer...
Retailing considering the Food and General Merchandise types of retailers (not Service): What type of retailer do you think is experiencing the biggest growth? Why? What type of retailer do you think is decreasing in popularity? Why? Now thinking of Service Retailers: Why are these types of retailers growing significantly? What specific service retailer do you think does a really good job, meaning it runs very efficiently and takes good care of its customers?
considering the Food and General Merchandise types of retailers (not Service): What type of retailer do...
considering the Food and General Merchandise types of retailers (not Service): What type of retailer do you think is experiencing the biggest growth? Why? What type of retailer do you think is decreasing in popularity? Why? Now thinking of Service Retailers: Why are these types of retailers growing significantly? What specific service retailer do you think does a really good job, meaning it runs very efficiently and takes good care of its customers?
Identify the six categories of general controls and give one example of each
Identify the six categories of general controls and give one example of each
On June 15, a retailer purchases merchandise on account from a supplier for $2,000 terms 3/10,...
On June 15, a retailer purchases merchandise on account from a supplier for $2,000 terms 3/10, n/30. On June 18, the retailer returns merchandise purchased for $600 for a reduction in the amount owing. On June 22, the retailer pays their account. Under a perpetual inventory system the journal entry to record the payment includes: a. $1,400 will be debited to Accounts Payable, $1,358 will be credited to Cash and $42 will be credited to Inventory. b. $1,358 will be...
What is the GMROI for each of the following merchandise categories in a bookstore?                             &nb
What is the GMROI for each of the following merchandise categories in a bookstore?                                     Textbooks       General                       Reference        Newspapers Reading                      Books              Magazines Annual sales                $800,000          $450,000                      $600,000          $100,000 Average inventory (at cost)                       $70,000 $110,000                      $250,000          $10,000 Gross margin              10%                 25%                             40%                 12% Which of these categories is most profitable for the bookstore? Should the bookstore eliminate the least profitable category? 4.         What is the annual inventory turnover for a retailer with the following monthly sales levels? Month...
Question 3 Small Town hospital splits its service into two categories: general care and obstetrics. Medicare...
Question 3 Small Town hospital splits its service into two categories: general care and obstetrics. Medicare will pay the hospital 120% of the total cost incurred to treat Medicare patients. The hospital has two service departments: general records and dietary. The general records’ costs are allocated to departments based upon a log of hours spent for each department. Dietary costs are allocated on the basis of the number of meals served. Results for the past period are summarized below Records...
Question Tesco is a global grocery and general merchandise retailer headquartered in Cheshunt, United Kingdom. It...
Question Tesco is a global grocery and general merchandise retailer headquartered in Cheshunt, United Kingdom. It is the third-largest retailer in the world measured by revenues (after Wal-Mart and Carrefour) and the second-largest measured by profits Tesco House, head office in Cheshunt, Hertfordshire. (after Wal-Mart). It has stores in 14 countries across Asia, Europe and North America and is the grocery market leader in the UK (where it has a market share of around 30%), Malaysia, the Republic of Ireland...
can someone please answer my question ? Tesco is a global grocery and general merchandise retailer...
can someone please answer my question ? Tesco is a global grocery and general merchandise retailer headquartered in Cheshunt, United Kingdom. It is the third-largest retailer in the world measured by revenues (after Wal-Mart and Carrefour) and the second-largest measured by profits Tesco House, head office in Cheshunt, Hertfordshire. (after Wal-Mart). It has stores in 14 countries across Asia, Europe and North America and is the grocery market leader in the UK (where it has a market share of around...
Puppy Walk Inc. is a dog walking service and retailer of dog supplies and food operating...
Puppy Walk Inc. is a dog walking service and retailer of dog supplies and food operating out of Vancouver. The founder, Doggy Higgins is the president and owns 100% of the common shares. The company’s yearend is December 31. The inhouse bookkeeper had a car accident and is unfortunately not able to prepare the 2019 financial statements. It is now January 2020 and you have been asked to make any required adjusting journal entries and prepare the 2019 financial statements....
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT