Classic Fashion Apparel Industry Ltd Co Merchandiser Interview Questions and Answers for Experienced

The technical aspects of the merchandising department involve inventory management, data analysis, and product placement.

• Inventory management involves tracking stock levels, forecasting demand, and optimizing replenishment.

• Data analysis is used to identify trends, analyze sales performance, and make informed merchandising decisions.

• Product placement involves determining the optimal location and arrangement of products ...read more

Costing refers to the process of determining the expenses associated with a product or service.

• Costing involves calculating all expenses related to producing a product, including materials, labor, and overhead costs.

• It helps in setting the selling price of a product to ensure profitability.

• Different methods of costing include job costing, process costing, and activity-based costing.

• Example: If a company manufactures a ...read more

Costing in merchandising refers to the process of determining the total cost of producing a product, including materials, labor, and overhead expenses.

• Costing involves calculating the cost of raw materials, labor, and overhead for each product.

• It also includes factoring in any additional costs such as shipping, packaging, and marketing expenses.

• The final cost is crucial in setting the selling price to ensure profitabil...read more