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The Role of the Fashion Buyer states that one part of a buyer's job is to negotiate prices and details of delivery with the supplier. Some retailers provide their buyers with negotiation training courses. When the buyer meets with the supplier, the sales executive of the garment manufacturer submits a "cost price" for a garment.
The fashion merchandising team are the people who are involved in the production of fashion designs and distribution of final products to the end consumer. Fashion merchandisers work with designers to ensure that designs will be affordable and desired by the target market. Fashion merchandising involves apparel, accessories, beauty, and housewares.
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Two strategies to entice the buyer, money back guarantee and buy one get one free, were devised by 18th-century retail entrepreneur Josiah Wedgwood. [50] [51] Retailers must also plan for customer preferred payment modes – e.g. cash, credit, lay-by, Electronic Funds Transfer at Point-of-Sale (EFTPOS).
BGMEA University of Fashion and Technology is owned by the trade body. [6] The trade body has a research wing. [7] Chattogram BGMEA University of Fashion & Technology is newly founded in 2022 by the BGMEA. [8] It aims to develop skilled professionals with updated technical competence for textile industries in Chittagong.
Some "fast fashion" retailers, like Zara attempt to control their whole supply chain from design to production to the retail store, in order to practice just in time production, or something close to it; in cases of complete integration, there is no "wholesale fashion distribution," as the retailer is its own manufacturer and wholesaler.