SOLUTIONS GUARANTEE A+
✔✔The most influential trading partner in category managment is: - ✔✔The retailer
✔✔When conducting an in-store test, how long should the testing period typically last? -
✔✔At least 13 weeks, but no more than 26 weeks.
✔✔Which of the following is the best description for a retail store cluster? - ✔✔A
grouping of stores with similar characteristics based on the customers' demographics.
lifestyle, and other factors.
✔✔Which is the best approach to analyze the results of an in-store test? - ✔✔1.
Calculate the change in sales between the base and test period for both the control
stores and test store groups.
2. Compare changes in the test store group to the control store group.
✔✔Which of the following product attributes is the best for matching up to the same
product in syndicated data? - ✔✔UPC code for cross-referencing (exception will be
private label items which are not reported with their respective UPC codes in syndicated
data).
✔✔Which of the following is the most effective way to analyze controlled store test
results? - ✔✔Analyze the test results by breaking them out by "controlled stores" and
"test stores" for proper understanding.
✔✔True or False? Clustering is a core analytic approach in the development of
category management plans and space management today. - ✔✔True
✔✔Retail point of sale data is key to understanding all of the following EXCEPT: -
✔✔Market and ACV share.
✔✔True or False? Each Retailer has different levels of access and reports/formats for
their POS data. - ✔✔True.
✔✔Which of the following evaluations is least likely to be done with POS data in
isolation from other available data? - ✔✔Market Gap Analysis. Retail POS does not
include any type of market data.
✔✔In order to determine basket ring, what would you need to know in order to identify
the market basket value at a given retailer? - ✔✔How much????
, ✔✔Which one of the following constitutes a limitation of Consumer Panel data? - ✔✔All
of these answers are correct.
✔✔In the last 52 weeks a Retailer had 100,000 category buyers and 10,000 bought
Brand A. On average, buyers purchased Brand A five times over the year, and on each
occasion, they purchased two 8oz. units at an average price of $3.00 per unit. What is
Brand A's buying rate? - ✔✔Buying Rate = Purchase frequency (5) x $/Purchase (2x$3)
= $30
✔✔How is buying rate calculated? - ✔✔Multiply the volume purchase size by the
purchase frequency
✔✔Panel data can derive all of the following measures or outputs EXCEPT: - ✔✔SKU
productivity
✔✔Which of the following measures in panel data affect sales volume for a category? -
✔✔All of these answers are correct.
✔✔Which of the following measures is not available through panel data? - ✔✔Buying
rate
✔✔True or False? Consumer demographic profiles will remain consistent within a given
geography over time but will vary by region. - ✔✔False.
✔✔Why is it important to retain Heavy Buyers as shoppers? - ✔✔They represent a
small percentage of buyers, but usually make up a majority of the sales volume.
✔✔Which of the following are appropriate uses for Panel Data? - ✔✔All of these are
correct.
✔✔Which of the following best describes the term "leakage" in panel data? - ✔✔Loss of
volume to other channels or retailers or brands.
✔✔True or False? Panel Data can be used to understand brand loyalty for different
retails and markets. - ✔✔True.
✔✔Which of the following would NOT be a driver of baseline sales? - ✔✔Temporary
Price Reductions.
✔✔Refer to the attachment. Which of the following is depicted in this chart? - ✔✔Pareto
Principle