BUISENESS MANAGEMENT
MERCHANDISING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Accurately forecast what merchandise will appeal to their customers
|
|
|
Selecting and purchasing goods for their companies
|
|
|
Estimate future demand for merchandise
|
|
|
Advertise new products the store has in stock
|
Detailed explanation-1: -Retail buyers identify, select and purchase stock that matches the retailer’s requirements. Graduates often become buyers after successfully completing a retail management training scheme. Buyers are responsible for sourcing, developing and introducing product ranges that suit their stores and customer base.
Detailed explanation-2: -Multiple shops is not a type of non-store retailing.
Detailed explanation-3: -Retail sales activity does not include production, manufacturing, or processing. Generally, a retail sale activity occurs when a customer selects, purchases, and receives an item of tangible personal property that the customer takes with them when they leave.
Detailed explanation-4: -The four gold standards of retail marketing are product, price, place, and promotion.