Asked by
yusuf rahmat
on Dec 14, 2024
Verified
A common financial indicator of how effectively retail space is used to generate revenue can be calculated by determining
A) net sales.
B) markdown percentage.
C) market share.
D) sales per square foot.
E) transactions per customer.
Sales Per Square Foot
A metric used in retail to measure the efficiency of a store's sales relative to its physical size.
Financial Indicator
A metric used to gauge the financial health or performance of a business, market, or economy.
Retail Space
Retail space refers to premises used to conduct retail operations where goods and services are sold directly to consumers.
- Familiarity with financial measures and markers utilized in retail sectors to evaluate performance and expansion.
- Understand the concept of sales per square foot as a measure of retail efficiency.
Verified Answer
JS
Learning Objectives
- Familiarity with financial measures and markers utilized in retail sectors to evaluate performance and expansion.
- Understand the concept of sales per square foot as a measure of retail efficiency.