A manufacturer sells clocks for $5 per clock to a retailer. The retailer sells i

Question

A manufacturer sells clocks for $5 per clock to a retailer. The retailer sells it at $20 per clock. The retailer clocks in a month. What is the retailer's revenue for that month? (show calculations) What is the retailer's gross margin percentage for that month? (show calculations) Kroger uses its loyalty program to track purchases made by its shoppers. Their analytics department is able to identify that Sally, a frequent shopper does not use the Kroger Pharmacy. They start sending Sally targeted coupons to encourage her to fill her prescriptions from Kroger Pharmacy. This is an example of: Invasion of privacy Attempt to increase Sally's share of wallet Attempt to reward Sally Improve retention of customers Which is an example of leader pricing A convenience store advertises sale of a gallon of milk for $1.99 (prevailing prices for milk are higher) JC Penney announces a store-wide sale for July 4 weekend. Publix looks at Walmart to set it prices. Shell is the price leader in the market because of its high prices. Which of the following is a potential constraint for selling private label merchandise? National brands are same as private labels.

Explanation / Answer

Total revenue =P*Q

P=$20, Q=100

Total revenue =P*Q

=20*100

=$2,000

b. TR=$2000

Tc=5*100=$500

gross margina=2000-500/500*100%=300%

c. This is the form of advertising for krogers to increase the retention of the customers.

d. Option A because convinience store is selling less than the prevailing cost .

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