BUISENESS MANAGEMENT
MERCHANDISING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Designing visual displays for the upcoming season
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Selecting merchandise assortments that will best serve customers and earn a profit
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Assisting customers with product selection
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Supervising sales associates and assisting them in setting store goals
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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: -Merchandise buyers choose and purchase product for resale at retail establishments. In order to choose the best possible products, they interview vendors, visit manufacturing plants and attend trade shows and conferences. They also evaluate previous sales data to anticipate customer needs and wants.
Detailed explanation-3: -Retail merchandisers are responsible for ensuring that the right amount of goods are available in store and are being sold at the right price. Through shrewd planning, careful purchasing and sensible promotions profits can be enhanced.