BUISENESS MANAGEMENT
MERCHANDISING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A merchandising plan is an approach to selecting, buying, presenting and selling merchandise. The plan includes the following:(Select all that apply)
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Inventory of purchased items
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Location in the store
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Date it is bought
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Costs and Pricing
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Explanation:
Detailed explanation-1: -What is merchandise planning? Merchandise planning is a systematic approach to planning, buying, and selling merchandise based upon consumer demand. It means that if a customer wants to buy product X with color Y and size Z from your shop, you have that available when they come knocking.
Detailed explanation-2: -There are four key components of merchandising: buying, planning, managing, and controlling. These four components must lead to, above all, providing the store’s customers a highly desirable merchandise mix.
Detailed explanation-3: -The 5 Ps of product, price, promotion, place, and people are the holy grail of business for retailers and consumer packaged goods (CPG) enterprises.
There is 1 question to complete.