Leadership Quest Final Q2

Why is competition mapping important for a store?

• It helps analyze and adopt competitor strategies

• It helps paint the store

• It helps count customers

• It helps clean the store

A footwear store in Mumbai had the following KPIs for the weekend:

• Footfall (store visitors): 600

• Conversion Rate: 30%

• Average Billing per Customer (ATV): ₹3,500

• Return Rate: 5%

What was the net sales revenue (in ₹) for the weekend, after accounting for returns?

• ₹5,95,000

• ₹6,30,000

• ₹6,65,000

• ₹7,00,000

What role does data analytics play in modern retail?

• It replaces all human decision-making in retail businesses

• It helps retailers understand customer behavior and optimize inventory management

• It reduces the need for digital marketing efforts

• It prevents retailers from personalizing promotions

•When was adidas originals Samba shoe introduced ?

•1966

•-1962

•1099

•1992

• 1966

• 1992

• 1962

• 1966

A store has 1,000 units of a product in inventory, and the average monthly sales are 200 units. What is the inventory turnover in months?

• 3 months

• 8 months

• 5 months

• •10 months

A store has total sales of ₹2,50,000 in a month, and its operating expenses are ₹50,000. What is the operating profit margin?

• 75%

• 60%

• 90%

• 80%

What is a common benefit of collaborating with nearby businesses for local marketing?

• Shared customer base

• Increased brand visibility

• Reduced marketing costs

• All of the above

Which inventory management strategy involves selling older stock before newer stock to minimize obsolescence?

• Just-in-Time (JIT)

• Economic Order Quantity (EOQ)

• First-In-First-Out (FIFO)

• Last-In-First-Out (LIFO)

Supernova rise 2 Upper ................... lighter than previous version of Supernova rise?

• 10%

• 20%

• 25%

• 15%

What is a core competency in the context of competitor analysis?

• A unique capability that provides a competitive advantage

• A skill that is easily replicable by competitors

• A product feature that is common among competitors

• 
  A marketing strategy used by all companies