1. Describe the major steps in the merchandise buying and handling process.
2. Explain the differences between the four methods of dollar merchandise planning used to determine the proper inventory stock levels needed to begin a merchandise selling period.
3. Explain how retailers use dollar-merchandise control and describe how open-to-buy is used in the retail buying process
4. Discuss the factors a retailer should consider when establishing pricing objectives and policies.
5. Describe the differences between the various pricing strategies available to the retailer.
6. Describe how retailers calculate the various markups.