A merchandise budget is a plan of:
a. projected sales for an upcoming season, when and how much merchandise is to be purchased, and what segments of the market to target.
b. projected sales for an upcoming season when and how much merchandise is to be purchased, and what markups and reductions will likely occur.
c. projected sales for an upcoming season, when and how much merchandise is to be purchased (excluding potential markups and reductions).
d. projected sales for an upcoming year, when and how much merchandise is to be purchased, and what reductions will likely occur.
e. projected reductions for the upcoming season.
Question 2_____ is the planning and control of the buying and selling of goods and services, to help the retailer realize its objectives.
a. Retailing
b. Retail reduction analysis
c. Merchandising
d. Forecasting
e. Store management
Question 3Discuss and cite examples of what resources need to be reconfigured in order for a retailer to reframe its business.
Question 4Explain how the concepts of demand density, supply density and site availability can be used by a retailer to optimize site selection.
Question 5Discuss the three types of learning and their implications for retail success.
Question 6Discuss the concepts of over- and understoring and describe their relationship to the Index of Retail Saturation (IRS).
Quick Reply
