What is Tiffany & Co.'s product assortment? In terms of breadth, length, depth for stock.

Expert Solution

Tiffany & Co could be a U.S primarily based company that focuses on luxury products.

Product Assortment: Differing kinds of merchandise that an organization or a distributed offers to sell. It's one more worth of Product breadth and Product depth.

Product breadth: Differing kinds of product lines that a store supply.

Product depth: Number of every item or particulars vogue that carries a specific product.

Product Length: Total verity of merchandise sold within a product line.

Let us consider the Product assortment in Tiffany & Co.

The Product breadth of the company, which means the number of products line is 07 (Seven) as per the available sources of the company. Which are Jewelry, Love and engagement, Watches, Home and Accessories, Fragrance, Men's, and Gifts.

The Product Length of the organization, Which means the number of products in a particular product line or chain. That is, Jewelry - 24, Love and engagement - 08, Watches - 07, Home and Accessories - 14, Fragrance - 04, Men's - 10, and Gifts - 14.

The product depth of the firm, which means different versions of the same product that may exist in the product line. That occurs more than 10 in each product.

Product assortment as in the Tiffany & Co. the collection of goods and services that a business or retails produces to. If it looks at a number It would be 17.

Product Assortment = Product Breadth + Product Depth

as per above explained,

Product Assortment = Product Breadth of Tiffany & Co ( 07Nos.) + Product depth of Tiffany & Co ( >10Nos.)

= 07 + >10

= >17Nos.

which means, Product assortment of Tiffany & Co is larger than 17Nos.

keosha answered 1 month ago

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