Profitability Management in Retail Store — DU B.Voc – Retail Management & IT Previous Year Question Papers

a) POP display Retail Store (DSC-6) 1. What do you understand by inventory shrinkage? Discuss the major causes of shrinkage in retail stores. Explain how shrinkage is calculated and suggest effective strategies to control it. 2. Show how the items given ahead relating to purchases 3. What is GMROI? Explain \its formula and importance and issues of a raw material will appear in the Stores in evaluating merchandise performance. Support your •answer with an example showing how GMROI guides Le.dger using LIFO, FIFO, and Weighted Average Methods of pricing the materials issues: (18) merchandising decisions. (8,10) Date Particulars units ' Priceperunit ({) Feb. 1 Opening balance 300 20 How can retailers segment their target market to tailor sales strategies effectively? Discuss tlie role of pricing strategies in developing a sales strategy. (9,9) Feb. 1`1 Issue 150 ? What role .doe.s technology play in transforming the retail industry? Describe the different types of technology used in retail operations. (9,9) Feb. 24 Issue 150 ? 7. Feb. 28 Issue 200 ? Why is managing sales and service delivery important for increasing store profitability? Discuss the role of sales techniques and customer service in driving store revenue. (9,9) Feb. 28 Shortage 5 ? 8. Write short note on the following- (6x3=18)