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CPCM 000 Final Exam Questions with Answers (100% Correct Answers)

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CPCM 000 Final Exam Questions with Answers (100% Correct Answers)

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CPCM 000 Final Exam Questions with Answers (100%
Correct Answers)
Data Sharing: (Can share Competitive Data with Retailers & Vendor partners can share it with
me)


Data Considerations: (Need to understand which measures are additive)


Trends Analysis: (Can compare Quarterly data to understand Seasonality and Annual data for
overall Trends)


Data Significance: (Need to confirm if # of Buyers is large enough) —Answer: Panel Data
guidelines


% 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


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,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


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, 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


Assortment Strategies —Answer: Market Coverage Objective: Focus on the top items being
sold in the total market using a target coverage objective


Private Label Strategy: Limited national brand presence, with focus on Private Label


Quality Level: Premium products targeted to high income customers OR less expensive, lower
quality items


Large Size Strategy: Majority of brands and segments represented through large sizes only


First to Market: Focus on "speed to market" for all new product launches


Broad Assortment: Stock as many items as possible. Offer unique & different products.


Sales per Point of Distribution —Answer: Which Assortment analytic is LEAST EFFECTIVE at
a Brand and Segment level [before completing Item Level analysis]?




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