Problem:
A retailer needs to plan how much to invest in inventory in different seasons and what to purchase with that investment. Create a checklist of the steps in merchandise buying and handling. In your checklist, name each step and describe it in a phrase or sentence. Select at least two steps to focus on in depth.
Required:
Question 1: What are some potential concerns retailers should address at these stages?
Question 2: What makes these stages essential to the process?
Note: Provide support for rationale.