Question: 1 . Name 3 different local retailers that can be impacted by unexpected changes in weather patterns. How does weather affect their sales, and what

1
.
Name
3
different local retailers that can be impacted by unexpected changes in weather patterns. How does weather affect their sales, and what can they do to prevent such fluctuations?
Answer A
-
explain the first retailer
Answer B
-
explain the second retailer
Answer C
-
explain the third retailer
2
.
It costs money to carry inventory, yet retailers must carry an amount of inventory in excess of planned sales for an upcoming period. Why?
3
.
Why isn
t it a bad thing to take a reduction? After all, aren
t reductions an admission of making a mistake?
4
.
Why should a retailer be allowed to change its merchandise budget after the start of a season? If changes can be made, what would cause such changes?
5
.
A retailer who last year had sales of $
9
0
0
,
0
0
0
plans for an inflation rate of
2
percent and a
3
-
percent increase in market share. What should planned sales for this year be
?
(
HINT: This a mathematical equation. Explain, and draw out the mathematical equation
)

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