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What is retail firm?

Updated: 9/20/2023
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12y ago

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a movie you hire for money

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Q: What is retail firm?
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What is the average cash cycle of a retail firm?

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What has the author Bill Quinn written?

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1. Liquidity Vs Profitability decisions of the firm; The higher a firm retains liquid assets (cash), the shorter the operating cycle2. Industry norms: eg Retail vs construction. A Construction firm will have a longer operating cycle, since they have long term projects, while the bulk of payment is received towards the end of the project. A retail business on the other hand, eg a supermarket has a short or even negative operating cycle, since there are very few credit customers, there is high turnover and can negotiate long credit period with suppliers.3. Management efficiency. The less efficient the management of a firm, the longer the operating cycle and vice versa.


How could a store selling new furniture project a value based retail image?

A store selling new furniture could project a value based retail image by presenting a proper image to its market of customers. The components of a firm’s image are its target market characteristics, retail positioning and reputation, store location, merchandise assortment, price levels, physical facilities, shopping experiences, community service, advertising, public relations, personal selling, and sales promotion. For a store selling used furniture it could project a value based retail image by considering less dramatic components of the firm’s image. A web site could project a value based retail image by making their site easy to navigate and have lots of useful information about it for the viewer. The viewer must be thought of first to do this.


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