AND SOLUTIONS GUARANTEE A+
✔✔Panel Data can be used to... - ✔✔WRONG
✔✔What should you do when setting up an in-store test? - ✔✔WRONG
✔✔Which of the following syndicated geographies should be used to assess business
growth opportunities? - ✔✔WRONG
✔✔When drilling through syndicated scanner data, there are 4 parameters that you can
drill into to get a better understanding of the data results, including: - ✔✔Time, Product,
Geography, and Measures
✔✔What information does a retailer require to understand average basket ring and
market basket value? - ✔✔WRONG
✔✔What are the measures or outputs that Panel Data can derive? - ✔✔WRONG
✔✔Describe SKU Rationalization. - ✔✔A common process that some retailers
implement as an assortment initiative.
The process of identifying poor performance items that should be deleted from the
product assortment to improve category sales.
✔✔What are some current trends that are specific to category management? -
✔✔WRONG
✔✔Why is the Pareto chart is often compared to the 80/20 rule? - ✔✔On average, 20%
of the category items generate 80% of the sales within a market.
✔✔How many steps are in the original Category management Process published by the
ECR sub-committee in the United States? - ✔✔NOT 4
✔✔Describe the tactics related to a Limited Assortment Strategy - ✔✔WRONG
✔✔What is the best way to measure Retailer X's sales effect of a feature ad run during
the 3rd week in November? - ✔✔Review syndicated scanner data to identify baseline
sales for the week, and compare that baseline to incremental sales (due to promotion)
for the same week.