1. Define the term "Merchandising Sourcing".
2. Explain the advantages and disadvantages of the following resources:
   1. manufacturers
   2. store-owned resources
   3. service wholesalers
   4. rack jobbers.
3. List and explain the four characteristics of merchandise resources.
4. List and describe the six important vendor characteristics that must be satisfied in the selection a merchandise resource.
5. Explain periodically evaluation resources and list the key components.
6. Explain how VMI helps major companies with their inventories.
7. Define EDI, and illustrate how companies and buyers leverage it to enhance efficiency.
8. How does the Federal Reserve enter intothe buyer's merchandise planning?