Question
Which of these might have helped minimize the impact that the changing marketplace had on Toys ‘R’ Us?
(1 point)
Responses
expanding and selling non-toy items
expanding and selling non-toy items
keeping more inventory on store shelves
keeping more inventory on store shelves
developing strategies to compete with online retailers earlier
developing strategies to compete with online retailers earlier
having more sales so high volume would compensate for low profits
having more sales so high volume would compensate for low profits
If you were assigned the task of reviving Toys ‘R’ Us, which would be the best strategy?
(1 point)
Responses
Open the stores just like they were to appeal to sentimentality.
Open the stores just like they were to appeal to sentimentality.
Get rid of the in-store experience in favor of an entirely online business.
Get rid of the in-store experience in favor of an entirely online business.
Build a store that offers a very different experience than other big box stores.
Build a store that offers a very different experience than other big box stores.
Create recognizable cartoon characters to attract children and define the brand.
Jennifer’s business has been open for two years. She is hoping that her new marketing plan will increase sales because she would really like to hire an assistant. If sales are up for six months in a row, she will be comfortable bringing on another employee. Which principle of financial planning does this illustrate?
(1 point)
Responses
pay debts
pay debts
return for investors
return for investors
finance future growth
finance future growth
accurately document finances
(1 point)
Responses
expanding and selling non-toy items
expanding and selling non-toy items
keeping more inventory on store shelves
keeping more inventory on store shelves
developing strategies to compete with online retailers earlier
developing strategies to compete with online retailers earlier
having more sales so high volume would compensate for low profits
having more sales so high volume would compensate for low profits
If you were assigned the task of reviving Toys ‘R’ Us, which would be the best strategy?
(1 point)
Responses
Open the stores just like they were to appeal to sentimentality.
Open the stores just like they were to appeal to sentimentality.
Get rid of the in-store experience in favor of an entirely online business.
Get rid of the in-store experience in favor of an entirely online business.
Build a store that offers a very different experience than other big box stores.
Build a store that offers a very different experience than other big box stores.
Create recognizable cartoon characters to attract children and define the brand.
Jennifer’s business has been open for two years. She is hoping that her new marketing plan will increase sales because she would really like to hire an assistant. If sales are up for six months in a row, she will be comfortable bringing on another employee. Which principle of financial planning does this illustrate?
(1 point)
Responses
pay debts
pay debts
return for investors
return for investors
finance future growth
finance future growth
accurately document finances
Answers
GPT-4o mini
**Which of these might have helped minimize the impact that the changing marketplace had on Toys ‘R’ Us?**
The most effective option would be:
**developing strategies to compete with online retailers earlier.**
This strategy would have addressed the shift toward online shopping and allowed Toys ‘R’ Us to innovate and adapt to the changing retail environment.
---
**If you were assigned the task of reviving Toys ‘R’ Us, which would be the best strategy?**
The most promising option would be:
**Build a store that offers a very different experience than other big box stores.**
Creating a unique in-store experience could differentiate Toys ‘R’ Us from competitors and attract customers looking for more than just a retail transaction.
---
**Which principle of financial planning does Jennifer's situation illustrate?**
The correct response is:
**finance future growth.**
Jennifer's decision to wait for an increase in sales for six consecutive months before hiring an assistant reflects the principle of ensuring that her business can sustainably finance its growth.
The most effective option would be:
**developing strategies to compete with online retailers earlier.**
This strategy would have addressed the shift toward online shopping and allowed Toys ‘R’ Us to innovate and adapt to the changing retail environment.
---
**If you were assigned the task of reviving Toys ‘R’ Us, which would be the best strategy?**
The most promising option would be:
**Build a store that offers a very different experience than other big box stores.**
Creating a unique in-store experience could differentiate Toys ‘R’ Us from competitors and attract customers looking for more than just a retail transaction.
---
**Which principle of financial planning does Jennifer's situation illustrate?**
The correct response is:
**finance future growth.**
Jennifer's decision to wait for an increase in sales for six consecutive months before hiring an assistant reflects the principle of ensuring that her business can sustainably finance its growth.