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a. Oil and gas sectorb. Retail sectorc. Aerospace sectord. None of the above
It is used in b. Retail sector
The correct reply is B: Retail Sector
b. Retail sector.............is the right answer
Right answer is b. Retail sector ==============================
Hello Team,
Assortment refers to the number of SKUs within a merchandise category, group or department (depending on the retailers reference).
Assortment planning is the process to determine what and how much should be carried in a merchandise category. Assortment plan is a trade-off between the breadth and depth of products that a retailer wishes to carry.
Fashion categories contain lesser details in the plan.
Questions to be considered:
· Which SKU’s drive sales and profits?
· What criteria should be used for adding and deleting items?
· Is the retailer missing opportunities by not carrying certain items?
· Which items represent true variety, not duplication?
· Which items are critical to consumer loyalty or category image?
· Which items are not contributing to the category?
Regards,
Saiyid
Used in retail sector.
Answer is B.
