BBR501-Store Operations and Job Knowledge

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ASSIGNMENT

PROGRAM	Bachelor of Business Administration- BBA
SEMESTER	V
SUBJECT CODE & NAME	BBR501-Store Operations and Job Knowledge
CREDIT	4
BK ID	B 1802
MAX.MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Q.1 Explain the different forms of retail stores in India.

Answer: - Explanation of the store Based Retailing:-

I. On the basis of ownership:

1. Independent retailer:-An independent retailer is one who owns and operates only one retail outlet. Such stores can be seen under proprietorship. The individual retailer can easily enter into a retail market. The owner is assisted by local staff or his family members. These kinds of shops are passed from one generation to other generation.

Q.2 “The main purpose of maintaining a checklist is to minimize critical errors and get the right work done”. Explain the importance of checklists and its types.

Answer: - Importance of checklists: - Making checklists can seem tedious and boring, but the practice can save your business by improving efficiency and minimizing mistakes. Also, with checklists there's a written paper trail showing accountability for each leg of any project.

Personal Checklists:-Making a checklist for yourself is a

Q.3 Explain the two types of stock check or stock audit.

Answer: - Explanation of perpetual stock check:-

In business and accounting/accountancy, perpetual inventory or continuous inventory describes systems of inventory where information on inventory quantity and availability is updated on a continuous basis as a function of doing business. Generally this is accomplished by connecting the inventory system with order entry and in retail the point of sale system. In this case, book inventory would be exactly the same as, or almost the same, as the real inventory.

Q.4 Discuss the grooming standards for store employees.

Answer:- Mystery shopping or a mystery consumer or secret shopper, is a tool used externally by market research companies, watchdog organizations, or internally by companies themselves to measure quality of service, or compliance with regulation, or to gather specific information about products and services. The mystery consumer's specific identity and purpose is generally not known by the establishment being evaluated. Mystery shoppers

Q.5 Explain the provision related to the salary disbursement of employees.

Answer: - Wages are the return paid to the employees for their work done for the organization. Constitution of India has framed various laws for setting of provisions for safeguarding employees for any injustice caused to them by employer by depriving them of their wages. Payment of Wages Act, 1936 regulates the payment of wages to certain classes of people employed in industry and its importance cannot be under-estimated. The Act

Q.6 Explain the following ratios

(i) Solvency Ratio

(ii) Profitability Ratio

Answer: - Solvency Ratio:- A key metric used to measure an enterprise’s ability to meet its debt and other obligations. The solvency ratio indicates whether a company’s cash flow is sufficient to meet its short-term and long-term liabilities. The lower a company's solvency ratio, the greater the probability that it will default on its debt obligations.

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

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(Prefer mailing. Call in emergency )