Merchandise Philosophy is a set of guiding principles for retailer to make for all merchandise decisions and to drive product decisions. https://www.youtube.com/watch?v=5Lp_-8omrz0 http://youtu.be/SVGb5OMV5p8then discuss the basic principle of Merchandise Planning and the importance of Merchandise Planning to a retailer.

https://www.youtube.com/watch?v=UY7s1qlhjwM https://www.youtube.com/watch?v=aurgcJIiZ68 then suggest a suitable Merchandise Management System for School Shoes in Bata, Wallets in The Wallet Shop, and Bottled Tea in NTUC. And also explain and elaborate with examples and reasons.