Question 1. Why do retailers perform extensive inventories at the end of a fiscal year. Why do retailers mark down items for quick sale before the end of a budgeting period? Is this wise?
Question 2. Implementing a merchandising plan is an eight-step process beginning with gathering information and ending with a re-evaluation process. What is the importance of each step and the potential drawback of problems occurring at each step of the process.
Question 3. Why is strong inventory management crucial to the proper implementation of the merchandising plan.
Question 4. How can a retailer gain better terms from suppliers by increasing their negotiation power.