What is financial merchandise management

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Reference no: EM133314984

Question 1.) What is Financial Merchandise Management? Discuss this concept. How do financials affect the management of merchandise in a retail operation? Please offer an example. Feel free to insert an article, video link, etc.

Question 2.) Define Cost of Goods Sold. What is this concept and how is it used in retail? What financial statement does this financial number appear on?

Question 3.) What is Sales Forecasting? Discuss concept as well as offer details on importance. Select a company and discuss the pro's and con's of this practice.

Question 4.) Explain the Cost method of accounting. What is it ? How does it differ from the retail method of accounting?

Question 5.) What is inventory control? How does it affect a retail business. Please be specific and use an example.

Reference no: EM133314984

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