Question
What do you mean by merchandising? Describe its process.
Merchandising refers to the activities involved in promoting and selling products in the retail market. It includes all the strategies, techniques, and operations used to enhance the display, availability, and sale of products, with the aim of increasing revenue and customer satisfaction. Merchandising focuses on the right mix of products, pricing, promotion, and placement.
The merchandising process involves several key stages. First, product selection ___________ __________ _____________ __ ________ _____ ____ _______.
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Sales curves
Open to buy (OTB)
“Objectives of the buying process at an operational level”
“Unit planning is another way of placing orders for the requirement of the merchandise”.
Sales curves
What do you mean by ‘Method of Presentation? Discuss ideal presentation standards in the retail store giving suitable examples.
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.
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