Describe the difference between full line discount stores and specialty discount stores and provide examples of each.
What will be an ideal response?
Full-line discount stores carry a wide assortment of merchandise across popular categories. Full-line discount stores like Walmart and Target sell apparel, cosmetics, sporting goods, toys, electronics, kitchenware, home furnishings, garden accessories, and automotive items. Some full-line discount stores have expanded facilities to a supercenter format, which includes grocery, pharmacy, and services. Specialty discount stores offer a wide selection of merchandise within a single category. Examples are Dick's Sporting Goods and Bed, Bath and Beyond. Specialty discount stores compete on the basis of low prices, wide selection, and product availability. Specialty discount stores are sometimes referred to as category killers because they are able to gain high market share within their chosen category.
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Which of the following does not represent a problem with financial analysis?
a. Financial statement analysis is an art; it requires judgment decisions on the part of the analyst. b. Financial analysis can be used to detect apparent liquidity problems. c. There are as many ratios for financial analysis as there are pairs of figures. d. Some industry ratio formulas vary from source to source. e. Adequate detailed disclosure of how the industry ratios are computed is often lacking.
When evaluating the six-step decision making process, what occurs during the solution implementation step?
A. Definition of the problem as clearly and precisely as possible. B. The solution that best solves the problem is selected. C. Details of every solution possible including ideas that seem farfetched. D. The process will begin again if the decisions made were incorrect.
The Robinson-Patman Act of 1936 was added to the panoply of American anti-trust law to make ________ illegal
A. anticompetitive mergers B. tying arrangements C. monopolization D. price discrimination
Every year before he puts his boat in the water, James has his mechanic put a new battery in the boat. James is most likely concerned with ________ risk.
A. financial B. performance C. physiological D. social E. psychological