10. Consider Marshall Fisher's interview on retail operations. Which one of the following is NOT CORRECT? A) Markdowns as a percentage of sales have gone up significantly in recent years indicating retailers B) "A $2b retailer is actually a $3b retailer." By this statement, he highlights that this retailer has $1b C) Costs to provide in-store sales assistance are well justified, as In-store sales assistance increases D) Successf have a lot of leftover inventory at the end of primary selling seasons. excess inventory. the possibility of sales, and help improve revenues significantly. making. In other words, a retailer manager should consider product specific details (e.g., ul assortment management requires more granular data analysis and detailed decision color/size/fabric) when analyzing sales data. 11. Which of the following is NOT CORRECI about continuous review inventory models? A) Decreasing supplier lead times reduces safety stock levels. B) Cost of capital must be taken into account while calculating holding costs. C) Ordering more frequently helps reduce carrying costs D) Decreasing the order quantity helps to save fixed ordering costs. 12. Which of the following statements is NOT CORRECT regarding in-stock probability? A) B) C) D) In-stock probability is equal to the critical ratio when expected profit is maximized. In-stock probability is greater than the critical ratio when expected profit is maximized. In-stock probability is a measure of customer service. In-stock probability has a value between 0 and 1