J.C. Penney Slumps After Forecasting Full-Year Loss
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Business, Life Skills
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the initial concern regarding JCPenney's financial news?
Rising operational costs
Increased competition from other retailers
Weaker performance despite a better spending environment
A decline in consumer spending
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which segment of JCPenney's business showed improvement?
Home goods
Men's apparel
Beauty products
Women's and children's apparel
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What action did JCPenney take to address their inventory issues?
Hired more staff
Markdowns to clear excessive inventory
Opened new stores
Increased advertising
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major challenge for JCPenney in finding a new CEO?
Competition from other companies
High salary demands
The shift to digital retail
Lack of qualified candidates
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key question regarding JCPenney's inventory management?
How can they increase store visits?
Why is there a recurring inventory mismatch?
Why are sales declining?
What new products should they introduce?
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