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An owner of a computer repair service has decided that 8 percent of next year's
projected sales will be spent on advertising. The owner is utilizing the
percentage-of-sales method in determining the service's advertising budget.
A small neighborhood drugstore is probably forced to use above-the-market pricing
because of their low cost structure and high sales volume.
The basic equation for a balance sheet is 'assets minus current liabilities = net worth.'
Free-flow layouts are best used in stores less than 5,000 square feet.
The percentage variation method (PVM) of inventory planning assumes that the
percentage fluctuations in monthly stock from average stock should be half as great as
the percentage fluctuations in monthly sales from average sales.
Describe the process a retailer would go through to effectively plan its store. What are
the five basic types of space needed by retailers?
