Identify and describe the two different approaches used to estimate the potential sales for a store site.
What will be an ideal response?
1) Regression Analysis: based on the premise that factors that affect the sales of existing stores in a chain will have the same impact on stores located at new sites being considered. The technique can consider the effects of the wide range of factors, including site characteristics, such as visibility and access, and characteristics of the trade area, such as demographics and lifestyle segments represented.
2) Analog Approach: used more so for smaller chain stores and is more of a subjective approach where the retailer describes the site and trade area characteristics for their most successful stores and tries to find a site with similar characteristics.
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Writers and speakers use clichés _______________
a. habitually b. inconsistently c. rarely d. effectively
One approach for the project manager to digest, clarify and understand the factors leading to the selection of a specific international project is to use a(n) ________ matrix.
Fill in the blank(s) with the appropriate word(s).
Mitchell uses a perpetual inventory system. Mitchell sells a computer from inventory for $1,198 on credit. Mitchell originally bought the computer from IBM for $790. What journal entry (entries) will Mitchell prepare to record the sale?
A. Debit Cash and credit Sales Revenue for $1,198; debit Cost of Goods Sold and credit Inventory for $790. B. Debit Inventory for $790, debit Cost of Goods Sold for $408, and credit Accounts Receivable for $1,198. C. Debit Accounts Receivable for $1,198, credit Inventory for $790, and credit Gross Profit for $408. D. Debit Accounts Receivable and credit Sales Revenue for $1,198; debit Cost of Goods Sold and credit Inventory for $790.
________ focuses specifically on the methods used to determine the outcomes received.
A. Input justice B. Outcome justice C. Procedural justice D. Interactional justice E. Result justice