American Marketing Association
According
to American Marketing Association, merchandising encompasses "planning
involved in marketing the right
merchandise or
service at the right place, at the right time, in the right quantities, and at the right price.
Grace kunz
Merchandising as the planning,
developing, and presenting of product lines for identified target markets with regard to pricing, assorting,
styling, and timing.
Lewis weitz
merchandising
is the process of developing,obtaining, pricing supporting
and communicating the retailer’s merchandise offering
Nora Aufreiter et al
Merchandising is not a synonym for the buying function, it is an integrated, end-to-end business process that runs from planning the assortment, to sourcing, to distribution, to allocation of the goods to the stores, to promoting and selling the assortment to the customers and finally to replenishing inventory as necessary.
The other activities
that make merchandising effective, such as advertising, displaying, creating an attractive ambience, harmonious reception
of the visitors i.e.
prospective customers.
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