Instructions: Your comments should add significantly to the discussion by suggesting alternative solutions, pointing out problems, or even totally disagreeing. Make sure to provide reasons for your position. Please note that you will be graded on the quality and substance of your responses. Just saying "I agree" does not count. You need to add value to the discussion. The following factors will be taken into consideration: • The quality of your response • The timeliness of your response • The degree to which your comments stimulated further discussion • Appropriate application of principles or concepts Be positive in your approach to others and careful about your words. Since we cannot see each other, it is hard to tell if you are bashful, bored, sarcastic, or just kidding. Use these discussions to develop your collaborative teamwork and interaction skills. Using the instructions above please respond to both of the comments below in at least 100 words each using USA based information only for any resources used. Statistics in Retail: The use of statistics in my field is vast and varied. My company uses statistics gleaned from the point of sale inventory system to track sales trends, including seasonal spikes in order to help give management an idea of what to carry and when. This is also used to provide proper order points and ideal inventory levels by item and category. In analyzing seasonal business, sales and end of season markdowns are tracked and reviewed to assist in buying decisions for the coming year. This is sometimes referred to as a "correction of errors" that can be used to make decisions year-to-year. Statistics from customers purchasing decisions and trends are also used in demographic analysis. Upper management uses these to outline strategy and predict future needs in merchandising and customer service. Within the last few years, it has been noted that the lion's share of our shoppers were mothers, so our focus has been to provide the best...
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here