Definition should include
- buyer
- roles
- duties and responsibilities
- profitability expectations
- the role of buying within a fashion retail business
- financial planning
- assortment planning
- factors that affect the buying process.
Process/Skill Questions:
- Who are the stakeholders in the buying process?
- What happens if a buyer does not meet profitability expectations?
- What is the importance of assortment planning, open to buy, and the role of the buyer in meeting corporate guidelines?
- What is markup?