Attempt all the problems described below:
problem 1: What do you meant by the term merchandise management? List out the points which are taken into account while planning it.
problem 2: What is the main purpose of the assortment planning? Describe different factors that affect it.
problem 3: Define the term Open-To-Buy. Why is it most suitable for fashion merchandise?
problem 4: Describe the concept of the group life cycle.
problem 5: Differentiate between the given terms:
a) Stock turn and Stock to sales ratio.
b) Break-even pricing and Mark-up pricing.
problem 6: What is meant by the term global brand? describe its benefits.
problem 7: prepare short notes on the given terms:
a) Private labels
b) Category captain
problem 8: Discuss different pricing techniques and their relevance in retail.
problem 9: What is meant by the term sales forecasting? Describe different factors that influence sales forecasting.