Sunday, 17 May 2015

ml0012 smu mba Spring 2015 IIIrd sem assignment

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DRIVE-Spring 2015
PROGRAM-MBADS (SEM 3/SEM 5) MBA FLEX/ MBAN2 (SEM 3)PGDROMN (SEM 1)
SUBJECT CODE & NAME-ML0012-Store Operations
BK ID-B 1763
CREDIT & MARKS-4 Credits, 60 marks
Q1. “Managing a retail store is a complex activity”. Explain this statement in context to the role of a Retail store manager.
(Explanation of the roles) 10
Answer:
Explanation of the role of a Retail store manager
Managing a retail store is a complex activity. Retail store running cost is continuously increasing. More and more stores are coming into picture and competition is becoming tough day by day. Profits are continually shrinking. Therefore, the role of retail manager becomes more crucial under the circumstances

Q2. Explain at least three general expectations from a store manager. Name a few standard departments in centralized retail companies and their functions. 10
Answer: Expectations from a Store Manager:  Each store has high expectations from its store manager. He is the representative of the management in the store. While recruiting, generally, management has the following


Q3. Which factors should you consider while deciding the rack arrangement in a store? 10
Answer: Rack arrangement: There is as such no uniform layout of racks which is applicable to all stores. It varies from store to store and organization to organization. Basically, the layout of a store depends upon the position of racks that provides a distinct appearance to a store. The following factors should be


Q4. In how many groups can merchandise be divided when classified on the basis of usability and condition? Write a note on any one such group. (List the all types, Explanation of any one) 10
Answer: Classification on the Basis of Usability and Condition of Merchandise:

(i) Serviceable, unserviceable and obsolete merchandise
(ii) Dead stock items
(iii) Unused merchandise

(i)                 Serviceable, unserviceable and obsolete merchandise: Serviceable merchandise is that which has developed a temporary malfunction. If proper service or replacement is provided, it may become serviceable again and its useful life may thus be extended for some more time. Unserviceable merchandise is that which has been utilized to the maximum possible extent. Thus, it has lived out its lifetime and can only be



Q5. “Standardization is the process of establishing the acceptable levels of various characteristics on the basis of study, experiment and statutory requirements”. Comment (Meaning of standardization, Explanation of different levels) 3, 7
Answer.
Standardization
Standardization is the process of establishing the acceptable levels of various characteristics on the basis of study, experiment and statutory requirements. It’s different from specification. It is beneficial to optimize the


Q6. Write short notes on: 5, 5

a)Preservation of merchandise

b) Principles of Merchandise handling
Answer: a)Preservation of merchandise: Preservation of merchandise means the protection of goods from fire, rust, dust, theft, corrosion, weather, moisture, etc., so as to maintain the original value and quality of merchandise. If merchandise is not protected in the right manner, deterioration is bound to occur. The cost of merchandise deterioration is one of the most important elements constituting ‘inventory-carrying cost’ and it is necessary that the same is kept to the minimum. Goods that are preserved in

Get fully solved assignment. Buy online from website
online store
or
plz drop a mail with your sub code
we will revert you within 2-3 hour or immediate
Charges rs 125/subject and rs 700/semester only.
if urgent then call us on 08791490301, 08273413412


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