_____ is the dollar amount that a buyer can currently spend on merchandise without exceeding a planned dollar stock level.
A) "Planning monies"
B) Open-to-buy
C) Inventory shortage funds
D) Unlimited funds
E) EOM shortfall funds

Question

Quizplus · Accepted Answer

Open-to-buy is the dollar amount that a buyer has available to spend on merchandise without exceeding a planned dollar stock level. It is a tool used in merchandise planning to ensure that inventory levels remain within budgeted amounts. The open-to-buy amount is calculated by subtracting the planned ending inventory from the planned total sales for a given period.

_____ Is the Dollar Amount That a Buyer Can Currently