MMPM-9 2024 SOLVED ASSIGNMENT

Description

ASSIGNMENT
Course Code : MMPM-009
Course Title : Retail Management
Assignment Code : MMPM-009/TMA/Jan/2024
Coverage : All Blocks
Note: Attempt all the questions and submit this assignment to the coordinator of your
study centre. Last date of submission for January 2024 session is 30th April, 2024
and for July 2024 session is 31st October, 2024.
1 a) Distinguish and discuss the terms retail and retailing. By using secondary data and
internet sources bring out the evolution of the retail sector since the last decade and a
half. Highlight the nature, structure, growth, challenges and opportunities that are
available to the sector.
b) Discuss the concept and the essence of the theory of wheel of retailing with a suitable
illustration.
2 a) Explain the importance of strategic planning process in the context of retail business.
Pickup any retail business of your choice and discuss the process.
b) What is retail life cycle theory? Discuss the various stages of the retail life cycle and
explain their role and importance as a tool for business development.
3 a) When and how locational decisions assume importance in retailing? Explain the locational
decisions theories that would help in making the right choice. Illustrate with a suitable
example.
b) Explain the terms retail product mix and merchandising with examples. How would you
go about planning merchandising for a new brand of premium readymade garments for
men?
4 a) Discuss the importance and essence of store atmospherics. What are the key components
of store atmospherics that you are familiar with? Elaborate.
b) Discuss the relationship of sourcing and inventory management in retail business.
Discuss the steps involved in sourcing and highlight their significance.