1. Which of the following is true of forecasting for fashion merchandise categories?
a. It is likely to take inputs from fashion trend services. b. It is independent of the sales figures from the previous year. c. It is constant across the retail channels over which a product is being offered. d. Vendors are not likely to be knowledgeable about market trends. e. The forecast made from social media mining is invariably incorrect.
2. Selecting vendors as category captains:
a. adds a layer of complexity to the merchandise management tasks. b. prevents price fixing. c. enables application of knowledge got from a vendor’s experience with other retailers. d. splits profits of the retailer and results in financial loss. e. promotes smaller brands by giving them increased shelf space.