Question
Markdowns
Markdowns are strategic price reductions applied to products to stimulate sales, clear inventory, or respond to market dynamics. They play a crucial role in retail buying and merchandising by influencing consumer behavior and inventory management.
There are two main types of markdowns: permanent and temporary. Permanent markdowns involve a lasting price reduction, often applied to slow-moving items or seasonal goods that _________ _____________ __________ ______ __________ __________ __ _____ _____ ________ _____________.
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Describe briefly the current retail scenario in India. Which products command the top position in retail at present?
What is pricing? Explain different types of pricing commonly used in the retail business. Discuss different factors that affect pricing of merchandising in the retail business.
Product development and Product Sourcing
Shopper’s Stop (SS)
What is pricing? Explain different types of pricing commonly used in the retail business. Discuss different factors that affect pricing of merchandising in the retail business.
Open to buy (OTB)
“Objectives of the buying process at an operational level”
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