MANAGEMENT

Detailed explanation-1: -Wholesale and retail buyers purchase products like clothing and electronics for stores and organizations to sell or use. They have two major goals: to buy goods their company can sell at a profit and to increase their customer base by offering products that consumers want.

Detailed explanation-2: -A retail buyer focuses on product. They research fashion trends and are responsible for selecting the products that appear in store or online. Retail merchandisers ensure commercial and financial viability of the product.

Detailed explanation-3: -What they do: Buy merchandise or commodities, other than farm products, for resale to consumers at the wholesale or retail level, including both durable and nondurable goods. Analyze past buying trends, sales records, price, and quality of merchandise to determine value and yield.

Detailed explanation-4: -Those who buy finished goods, such as clothes or furniture, are called buyers. Those who buy the parts and materials that help make goods are called purchasing agents or purchasers.