Description should include
- the target market
- wholesale vendors
- the merchandise plan (financial)
- assortment plan
- sourcing/market
- buying decision
- inventory management (receiving, markdowns, returns to vendors).
Process/Skill Questions:
- What types of information should be gathered before developing a merchandise plan?
- Why is a merchandise plan usually developed for a six-month period?
- What are the advantages and disadvantages of having top management develop the merchandise plan? Of having each department head develop his or her department's plan?
- What is the difference between a basic stock plan and a model stock plan?