1. Define model stock and its importance in retailing.
2. Explain the significance of automatic stock replenishment.
3. Define classification and how it is used in inventory planning.
4. Define subclassificationand how it is used in the inventory planning process.
5. Define the open-to-buy formula, and provide an illustration of how it is used to determine how much money is available for purchase at any given time.
6. Define and illustrate asix-month advertising plan
7. How does the Federal Reserve enter intothe buyer's merchandise planning?