1. Give an example of how Target uses psychological pricing and product line pricing. Does Target's pricing strategy impact where you decide to shop?
2. A retailer has annual sales of $525000 and an average finished-goods inventory of $16000. (Round your answer to 1 decimal place.) If the retailer sells each unit for an average of $24 and purchases the units for $13, what is its annual inventory turnover?
3. You have just interviewed a prospective employee for the personnel department. Outline the main steps you should have taken before, during and after the interview.