Question
Distinguish between any two of the following:
Buying and merchandising are two distinct but interrelated functions in retail management. The key differences between two of these concepts are:
Buying vs Merchandising: Buying refers to the process of selecting and purchasing goods for retail businesses. The buyer’s role is to assess market trends, consumer preferences, __________ ____________ ________ ____ ________ _____________ __________ _________ ______ __________.
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Explain the steps involved in the development of new products.
What do you mean by merchandising? Describe its process.
Shopping Products and Specialty Products
Shopping Products and Specialty Products
"Unit planning is another way of placing orders for the requirement of the merchandise".
Distinguish between any two of the following:
Product development and Product Sourcing
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