Some sources of information that retailers use to develop forecasts for fashion merchandise categories include:
A) market research
B) fashion and trend services
C) vendors
D) previous sales data
E) All of these

Question

Quizplus · Accepted Answer

All of these sources of information are commonly used by retailers to develop forecasts for fashion merchandise categories. Market research helps retailers understand consumer preferences and behaviors, while fashion and trend services provide insights into upcoming styles and trends. Vendors can also provide valuable information about product availability and demand, while previous sales data can help retailers identify patterns and make informed decisions about inventory levels and assortments. By utilizing all of these sources, retailers can make more accurate forecasts and better meet the needs of their customers.

Some Sources of Information That Retailers Use to Develop Forecasts