QUESTIONS WITH SOLUTIONS GRADED A+
⫸ % of Buyers in a particular Demographic Group Answer: In the
context of Consumer Demographics data, "Distribution of Buyers" refers
to:
⫸ False Answer: Truth or False? The following is an accurate formula
for calculating buyer conversion: Category Buyers Shopping in
Category ÷ Total Buyers
⫸ Category Leakage Answer: The loss of $ Volume in a Category
stemming from a Retailer's current Shopper purchasing the same
Category in a Competitive Retailer
⫸ Measures Answer: Which of the following is not a typical type of
Custom Aggregate that can be provided by Syndicated data providers
such as Nielsen and I R I?
⫸ Competitive Gap analysis Answer: Which of the following
evaluations is least likely to be done with Point-of-Sale data in isolation
from other available data?
⫸ Average Household Expenditures: Spending $ per household
,Shopper Conversions: % of a banner's Shoppers purchasing the product
group within that banner
$ Share of Requirements: % of category $ spent in all outlets on the
product group
Penetration: % of households that bought the product group Answer:
Shopper Panel Measure definitions
⫸ Incremental Answer: If your overall Brand Strategy is to drive sales
through Trade Spend, then _________ Sales growth is critical.
⫸ Assortment Answer: A combination of POS for sales results + Retail
Measurement data for item market opportunities + Consumer Decision
Tree data would result in what type of cross data analysis?
⫸ Ensure that the data has been properly segmented Answer: Which of
the following is the LEAST important consideration when combining
data SOURCES to draw insights?
⫸ Baseline Drivers Answer: Product Distribution.
Regular/Base Price.
Shelving.
New Product launch.
Marketing.
Direct Mail campaign.
, ⫸ Incremental Drivers Answer: Ads/Circulars
TPR/Promoted Price
Price reduction
Promotion
Display
⫸ $ per Buyer formula Answer: Number of Purchase Occasions times
(x) $ per Trip
⫸ Penetration formula Answer: Number of Households buying the
product group ÷ Total number of Households
⫸ Share of Requirements formula Answer: Brand A Volume purchased
÷ Category Volume purchased by Brand A Buyers times (x) 100
⫸ % Repeat Buyers formula Answer: Number of Buyers who purchased
Brand A more than once ÷ Total number of Brand A Buyers
⫸ Terms on the left, best description on the right Answer: * The most
important tactic: Assortment - "no distribution = no sales"
* Item level or SKU level: Lowest product level in a Retailer's
assortment
* "In distribution": Regularly stocked and available items
* Merchandise Mix or Product Range: A Retailer's product offering