• 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?
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• 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?
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• 3.  Why isn’t it a bad thing to take a reduction? After all, aren’t reductions an admission of making a mistake?
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• 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?
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• 5.  A retailer who last year had sales of $900,000 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).

Answer rating: 100% (QA)

1 Impact of Weather on Local Retailers Local retailers Hardware store clothing boutique and ice cream parlor Impact of Weather Hardware Store Unexpected changes in weather such as extreme heat or stor... View the full answer