Question: Need help with these questions QUESTION-5 Consider the following list of retail items sold in a small neighborhood gift shop. Item Greeting Cards T-shirts Men's

Need help with these questions QUESTION-5

Need help with these questions

QUESTION-5 Consider the following list of retail items sold in a small neighborhood gift shop. Item Greeting Cards T-shirts Men's Jewelry Novelty Gifts Children's Clothes Chocolate Cookies Earrings Other Costume Jewelry Annual Volume 3,870 1,550 875 2,050 575 7,000 1,285 1,900 Average Profit per Item $0.40 $1.25 $4.50 $12.25 $6.85 $0.10 $3.50 $15.00 a) Rank the item categories in decreasing order of the annual profit. Classify each into one of the A, B, or C categories. b) For what reason might the store proprietor choose to sell the chocolate cookies even though they might be her least profitable item

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!