Visual Merchandising and Space Management solved assignment for Amity

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Visual Merchandising and Space Management

 

 

 

Assignment A

 

Question 1) What are the factors that a retailer needs to take into account while choosing a location for a retail store?

Question 2) What is a trade area? Would a trading area vary for different types of retailers?Discuss.

Question 3) Discuss the layout that would be suitable for a supermarket and a department store.

Question 4) What is the importance of space planning in retail? How space is allocated in a specialty store?

Question 5) What is the significance of design for a store considering the parameters such as architecture, façade, size and elevation?

Question 6)     Explain the following terms: Solve by www.solve zone.in contact for more details at - 8882309876

1. Visual Merchandising
2. Store atmospherics & its significance
3. Window shopping

Question 7)     Discuss the role of displays and signage in the overall retailing process. What are the other tools used to make a visual impact on the customer?

Question 8)     what are the issues attached to window shopping? How in your opinion these issues can be minimized so as to have a better conversion rate?

Assignment B

 

CASE STUDY

 

 

 

 “Modern Retail: Significance of store location”

 

 

 

                  The financial year 2004-05 saw India reach new heights. India continues to shine with the economy slated to grow at a rate of over 7% per annum over the next few years. In tandem with the economic boom, the psychographic profile of the Indian consumer is fast changing. Consumer spending is on the rise backed by easy availability of credit and the low interest rate regime. This has been reinforced by the proliferation of shopping centers in all major urban agglomerations offering the consumer a great deal of choice at locations not too far away from home. Large format Malls replete with entertainment, retail and leisure components have sprung up in all major cities in India. A study done by Knight Frank India indicates that by 2007, approximately 75 mn. Sq. ft. of mall space would be available in India. With this, Mumbai, Pune, Delhi-NCR (including Gurgaon, Noida, Greater Noida, Faridabad & Ghaziabad), Bangalore & Hyderabad will have a 74% share. The balance 26% will be made up by the cities like Kolkata, Chennai, Ahmedabad, Jaipur, Nagpur, Lucknow, Indore, Ludhiana & Chandigarh.

 

The frenzy of Mall culture is fast growing, with hardly any pocket of Delhi and the NCR region today remaining untouched by this phenomenal shopping boom. The Living Style Mall, which is ready to be thrown open to the denizens in Jasola, promises a world of shopping experience. It is the first retail mall in locality with a catchment area comprising high-income bracket living in the areas of Jasola, SaritaVihar, SukhdevVihar and KalindiKunj and its vicinity. But, what makes living style stand out from the host of several other malls coming up in the area is that it is a place which caters to everybody’s needs--- be it from the middle income bracket--- all of whom would love to spurge here.

 

 

 

                  The mall, spread over an area of 60,000 sq. ft., is located on the National Highway-2.What makes it even more promising for people and the businesses to flourish is that it is strategically located on the road leading to the Commonwealth Games Sports Center and the Jasola District Center. One of the busiest roads approaching Noida and Greater Noida weaves its way, at not too great a distance from living style. Part of the attraction comes from its proximity to the industrial hub of Mohan Cooperative Area and Okhla .A 30 lakh sq ft. of office/ commercial space with a proposed five-star hotel in the vicinity is also in the pipeline.

 

                  The retail privileges that one can enjoy at the Living Style include electrical and electronics goods, readymade garments, departmental stores, retail chain brands, jewellery and accessories, gifts and toys, chemists and druggist outlets, lifestyle products, grocery stores, cyber cafes, hyper markets, computer stationary and computer games are some of the unique features that will add to shopping experience if IT buffs. Photo labs, fitness centers, ATM’s ,fast food joints, food courts, ice cream parlors, multi-cuisine restaurants, snacks shops, bakery and sweet shops--- all these and more make up the mall an ultimate shopping paradise. It is going to be unique among the malls coming up in Jasola, in that it has a valet parking and a large play area for children. The mall envisages total entertainment and shopping for the family.

 

1.         Do you feel that the living style mall is strategically located in Jasola in the present case? What is the importance of store location in the planning process of retail operation?

2.         How would you go about owning a specialty store in the living style mall? How would you design your store to attract the customers?

Assignment C

 

Question No.  1           Marks - 10

When a retailer take a proactive, integrated atmospheric approach to create a certain look, properly display products, stimulate shopping behavior and enhance the visual environment. It engages in      

 

Options          

1. Visual Merchandising          
2. Store Interiors
3. Store Exteriors           
4. Store Operations

 

Question No.  2           Marks - 10

A type of space which is set aside for employees to change clothes,to take lunch and coffee breaks         

 

Options          

1. Customer Space         
2. Merchandise space     
3. Personnel space        
4. Selling space

 

Question No.  3           Marks - 10

The process by which a retailer attempts to offer the right quantity of the right merchandise in the right place at the right time while meeting the companys financial goals is calledcustomers.  

 

Options          

1. Merchandise Management  
2. Assortment Panning   
3. Category Management           
4. Buying Design

 

Question No.  4           Marks - 10

Visual Merchandising Means 

 

Options          

1. An effective display of goods that appeals to the customer’s senses, primarily sig        
2. A person who recommends another person to a potential employer 
3. All Business Activities           
4. Sense of satisfaction  

 

Question No.  5           Marks - 10

____________________is the charcter or personality that a store presents to the public    

 

Options          

1. Store Image   
2. Publicity         
3. Advertisement           
4. Presentation

 

Question No.  6           Marks - 10

Lighting is important because

 

Options          

1. creates a Feeling of buying    
2. creates a Store atmosphere  
3. creates Store blueprint           
4. sell slowmoving items

 

Question No.  7           Marks - 10

. ________ are unbranded, plainly packaged, less expensive versions of common products such as spaghetti, paper towels, and canned peaches.

 

           

 

Options          

1. Slotting Fees  
2. Private label   
3. National Brands         
4. None of the above

 

Question No.  8           Marks - 10

Which of the following is an ambient condition related to store atmosphere?         

 

Options          

1. Symbols         
2. Layouts          
3. Temperature 
4. Furnishings

 

Question No.  9           Marks - 10

Some of the Retailers are also performing some distribution and manufacturing activities. This type of arrangement is known as:-      

 

Options          

1. Backward Integration         
2. Forward Integration   
3. Vertical integration    
4. Horizontal Integration

 

Question No.  10         Marks - 10

When a retailer take a proactive, integrated atmospheric approach to create a certain look, properly display products, stimulate shopping behavior and enhance the visual environment. It engages in:-   

 

Options          

1. Visual Merchandising          
2. Store Interiors
3. Store Exteriors           
4. Display

 

Question No.  11         Marks - 10

What display can also be called a "visiting card" for the store?        

 

Options          

1. Point of sale   
2. Parking           
3. Window         
4. Merchandise

 

Question No.  12         Marks - 10

What type of Layout is suitable for a Departmental Store?  

 

Options          

1. Grid   
2. Racetrack       
3. Free-Form      
4. Boutique

 

Question No.  13         Marks - 10

Race track layout is also known as :- 

 

Options          

1. Loop  
2. Free-Form      
3. Grid    
4. Boutique        

 

Question No.  14         Marks - 10

___________ trading area has so many stores selling specific goods or services that some retailers can not earn adequate profit.          

 

Options          

1. Understored   
2. overstored     
3. saturated        
4. unsaturated

 

Question No.  15         Marks - 10

Keeps track of the merchandise flows while they are occurring so buyers don’t spend too much or too little        

 

Options          

1. Category system        
2. Open to Buy  
3. Demand management
4. Category management           

 

Question No.  16         Marks - 10

One of the characteristic of Racetrack layout is:-      

 

Options          

1. Facilitates the goal of getting customers to visit multiple departments    
2. Minimize time spent on shopping      
3. customer feel at home
4. None of the above

 

Question No.  17         Marks - 10

  What defines arrangement of merchandise on a given fixture configuration to support sales through proper Placement of merchandise by Style, Option, Size, Price points, etc?

 

Options          

1. Layout
2. fixtures           
3. shelving          
4. Plan-o-gram

 

Question No.  18         Marks - 10

The process by which a retailer attempts to offer the right quantity of the right merchandise in the right place at the right time while meeting the company’s financial goals is called      

 

Options          

1. Visual Merchandising`         
2. Merchandise Management`    
3. Category Management           
4. Shrinkage

 

Question No.  19         Marks - 10

The integration of business processes from end user through original suppliers that provides products, services, and information that add value to customers is    

 

Options          

1. Supply Chain Management
2. Demand Management
3. Category Management           
4. Assortment Merchandise

 

Question No.  20         Marks - 10

Purchase data collected at the point of sale goes into a huge database known as    

 

Options          

1. POS    
2. PDS    
3. Data Warehouse       
4. POP

 

Question No.  21         Marks - 10

Fixtures are used for _______________ merchandise?        

 

Options          

1. displaying      
2. dumping         
3. lightning         
4. Signaling

 

Question No.  22         Marks - 10

 Manufacturers will often pay more to have their stock on ____      

 

Options          

1. Grab Level     
2. Ground Level 
3. Eye Level      
4. Waist level

 

Question No.  23         Marks - 10

A promotional aisle or area is used for:-        

 

Options          

1. Getting Customers attention  
2. to display promotional merchandise           
3. Both a & b     
4. None of the above

 

Question No.  24         Marks - 10

Which of the following is an ambient condition related to store atmosphere?         

 

Options          

1. Symbols         
2. Layouts          
3. Temperature 
4. Furnishings

 

Question No.  25         Marks - 10

The stores floor plan is also called     

 

Options          

1. Store Positioning        
2. Store Design  
3. Store Layout 
4. Store Blueprinting

 

Question No.  26         Marks - 10

Which of the following is the most cost effective method of theft prevention in a small retail gift store?  

 

Options          

1. Employing a security guard   
2. Installing a security alarm system   
3. Installing security gates or pedestals 
4. Training customer service assistants

 

Question No.  27         Marks - 10

Which of the following is not a principle of store design and layout?          

 

Options          

1. Keep it Simple           
2. Confuse Customers    
3. First impression Counts         
4. Balanced approach

 

Question No.  28         Marks - 10

Point of Sale Terminals refer to         

 

Options          

1. Cash Register           
2. Display racks  
3. Discount stores          
4. Display of Merchandise

 

Question No.  29         Marks - 10

One of the principles of store design and layout is   

 

Options          

1. Make things Complex
2. Increase space for non selling
3. Keep it simple           
4. Clutter

 

Question No.  30         Marks - 10

Complementary items should be placed        

 

Options          

1. Near one another     
2. away from one another          
3. on every second shelf
4. on every third shelf

 

Question No.  31         Marks - 10

The color scheme that consists of only one color and different tones of that color is          

 

Options          

1. Analogues      
2. triad    
3. Monochromatic        
4. Intermediary

 

Question No.  32         Marks - 10

The smallest unit for making inventory control decisions is called   

 

Options          

1. SKU   
2. Category        
3. assortment      
4. classification

 

Question No.  33         Marks - 10

 Grid layout is best illustrated by:-    

 

Options          

1. Grocery Stores           
2. Hypermarkets 
3. Boutiques      
4. Fashion stores

 

Question No.  34         Marks - 10

To effectively sell chewing gum, the most critical element in the retail mix is:        

 

Options          

1. Price   
2. Advertisment 
3. Discount         
4. Location

 

Question No.  35         Marks - 10

Display windows have following main purposes:-    

 

Options          

1. to induce people to enter       
2. to convert stoppers into shoppers      
3. to identify the store & its offerings   
4. all of the above

 

Question No.  36         Marks - 10

 A _________________ store does not create its own traffic and has no real trading area of its own. This store depends on people who are drawn to the location for other reasons.           

 

Options          

1. Destination stores      
2. superstores     
3. Parasite stores           
4. Hypermarkets

 

Question No.  37         Marks - 10

Two examples of exterior displays are           

 

Options          

1. Store front design and gondola shelving       
2. Promotion aisles         
3. table display & dump display          
4. Display windows and sidewalk displays

 

Question No.  38         Marks - 10

Harry Potter toys that flew off store shelves each time a related movie was released. This category of Merchandise are known as :-           

 

Options          

1. Fad Merchandise     
2. fashion merchandise  
3. assortment merchandise         
4. merchandise offered

 

Question No.  39         Marks - 10

Marquee is      

 

Options          

1. A display of odds and ends, clearance, or low-priced goods for sale piled into baskets or bins      
2. A display of goods for sale on a wall ledge, escalator housing, ceiling support pillar, or otherwise wasted space, often used for seasonal displays.        
3. A large Board usually on which name of the store has written         
4. None of the above

 

Question No.  40         Marks - 10

A dump display is      

 

Options          

1. A display of odds and ends, clearance, or low-priced goods for sale piled into baskets or bins      
2. A display of goods for sale on a wall ledge, escalator housing, ceiling support pillar, or otherwise wasted space, often used for seasonal displays.      
3. A large board, usually outdoors, on which advertisements are placed          
4. gift brochure

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