Title: Explain the elements of a merchandising plan.
Course: Strategic Marketing (12152) > Section: Purchasing Products and Services

Explanation should include

- past and anticipated sales
- beginning-of-month inventory
- reductions
- purchases.

Process/Skill Questions:

- Why do buyers plan six months at a time rather than yearly?
- What adjustments can be made in the buying plan as the season progresses?
- How do sales, inventory, reductions, and purchasing affect future merchandising planning?
- How do holiday/seasonal offerings affect the merchandising plan?
- How can retailers use technologies to help develop and update their merchandising plans?