A merchandising firm is one of the most common types of businesses. A merchandising firm is a business that purchases finished products and resells them to consumers. Consider your local grocery store or retail clothing store. Both of these are merchandising firms.
5 Types of Merchandising You Should Know
Merchandising operations are your purchasing, selling, collecting and payment activities. Although cyclical in nature, they are ongoing operations designed to improve your cash flow.
Efficient merchandising operations keeps your store well stocked with inventory that your customers want to buy.
How to explain
A merchandising business sells goods, also known as merchandise. Good examples of merchandising businesses include retail clothing, grocery stores and bookstores.
Some businesses produce the goods they sell, while other merchandise businesses buy and sell goods they've purchased wholesale.
What does the role of merchandiser involve?
Merchandising is about planning and developing a strategy to enable a company to sell a range of products that delivers sales and profit targets. A Merchandiser will work closely with a Buyer to ensure the product that's bought will enable them to achieve the sales plan.