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ASSIGNMENT DRIVE SUMMER
2016
PROGRAM MASTER OF BUSINESS ADMINISTRATION
(MBA)
SEMESTER III
SUBJECT CODE & NAME
ML0013 – RETAIL IT MANAGEMENT
BOOK ID B1764 CREDITS 4 MARKS 60
Q.
No 1. List the advantages of EPOS (Electronic Point of Sales) and explain the
types of Barcode Scanners.
a)
Advantages of EPOS (Electronic Point of Sales) 5 10
b)
Explanation on the types of Barcode Scanners. 5
Answer:-
a)
Advantages of EPOS (Electronic Point of Sales)
•
Database creation:
EPOS systems help create databases.
Database management is the back-bone of any business information system.
Analysis on database helps management to take day-to-day and strategic
decisions related to the organization. Day-to-day decisions include focus on
more profitable lines of business, improve demand forecasting, and
Q2.
Elaborate on the process of Designing a Database
ü
Process of Designing a Database 10
Answer:-
Database designing is a very structured
but complex process. The efficiency and robustness in data management is
Q3.
List the advantages and disadvantages of Online Retailing
a)
Advantages of Online Retailing 5 10
b)
Disadvantages of Online Retailing 5
Answer:-
A)
Advantages of Online Retailing
1.
No physical limitations:
In online retailing, a customer does not
have to visit a physical store; he can simply visit the company’s website and
purchase the desired item.
2.
Low
Q4.
Explain the Porter’s Model of Competitive Forces and Competitive Strategies for
Retailers
a)
Porter’s Model of Competitive Forces 5 10
b)
Competitive Strategies for Retailers 5
Answer:-
A)
Porter’s Model of Competitive Forces
In order to understand various strategies
to gain competitive advantage, we need to understand the challenges that
competition poses. In this field, Dr. Michael E. Porter (1985), Professor of
Business Administration, Harvard Business School,
Q5.
Elaborate on the IT Applications in Compliance Management
ü
IT Applications in Compliance Management
10
Answer:-
IT solution developers and vendors have
come up with specialized software for compliance management. These software
programs tackle all compliance issues of a company through a common solution
and a composite
Q6.
Write Short notes on
a)
Price Labels 3 10
b)
Magnetic Stripe 4
c)
Barcode Technology 3
Answer:-
A)
Price Labels
Price labels are one of the widely used
identification marks on retailing products. These labels are not
auto-identifiable but still are a basic form of product marking. Maximum retail
price (MRP), or commonly called price labels are
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