What is the first step in merchandise management planning?
A) Developing a forecast for sales
B) Executing a merchandise plan
C) Developing a business plan
D) Determining the appropriate inventory levels
E) Penetrating a new market

Question

Quizplus · Accepted Answer

The first step in merchandise management planning is to develop a forecast for category sales. The approach for forecasting sales of staple merchandise is to project past sales trends into the future, while making adjustments for any anticipated factors, such as promotions and weather, that may affect future sales.

What Is the First Step in Merchandise Management Planning