Merchandising

LO2 :
4) What does the term "open-to-buyu" (OTB) mean?  How can it be used to control merchandise investments?

5) A buyer is goin to market and needs to compute the OTB. The relevant data are as follows: planned stock at end of March $319,999 (at retail price) ; planned March sales, $149,999; curent stock on hand ( March 1) , $274, 000; merchandise on order for delivery, $17,000; planned reduction $11,000. What is the buyers OTB?

LO3:
6) What are the major constraints in designing the optimal merchandis mix?

7) How can merchandise lines have too much breath yet not enough depth?

LO4:
9) What do you think is the most important criterion in selecting a vendor? Why?