BUS 171 - Fashion and Retail Buying

Formerly BU 7203

Covers analyzing elements of profit, establishing a merchandise plan, forecasting sales, buying and handling of merchandise and pricing, and controlling inventory. Students analyze and solve merchandise problems in the areas of selecting and buying merchandise, determination of markup, markdown, inventory evaluation and stock turnover. Emphasis is on the “how to” of buying and decision making, and the problems retailers face managing large, diversified assortments of merchandise in an effort to adjust to changing consumer demand.

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