CPCA Mini Exam Prep Questions With Complete Solutions

CPCA Mini Exam Prep Questions With Complete Solutions Definition of ACV - answerAll-commodity volume or ACV represents the total annual sales volume of retailers that can be aggregated from individual store-level up to larger geographical sets. ... Often, outlets are weighted by their share of category sales or "all-commodity" sales. What does "DOS" stand for in Category Management? - answer'Inventory Days of Supply(DoS)' is an efficiency ratio that measures the average number of days the company holds its inventory before selling it. A retail store chain has an assortment strategy to carry "limited assortment." Which of the following tactics would best match with this limited assortment strategy? A. limited assortment, high/low pricing, online service, smaller staff B. Limited SKU counts, high/low pricing, product sampling, small store footprint C. Great selection, low prices, 24-hour service, small parking lot D. Limited SKU counts, low prices, limited service, small store footprint - answerThe strategy that best matches a "limited assortment" strategy is: D. Limited SKU counts, low prices, limited service, small store footprint Which of the following acrynms LEAST applies to Category Management? ERP (Efficient Replenishment of Products): a term used in product assortment analysis POG (Planogram): A shelving schematic POS (Point of Sale): The retailers front end cash register that scans products purchased and stores the information in a database ACV (All commodity volume): the total sales for a store or group of stores GMROI (Gross Margin Return on Investment): an inventory profitability measure - answerERP (Efficient Replenishment of Products): a term used in product assortment analysis What are OOS in a retail store (from a