Preview Questions Retail Buyer | Role Specific Skill

Question 1: How do you manage a negotiation where the supplier insists on a higher price than you are willing to pay?

Which action should you take?

Choose only one option

By accepting the supplier's price to maintain the relationship

By rejecting the supplier's offer without considering alternatives

By presenting data on competitive pricing, discussing value, and finding mutually acceptable solutions

By attempting to negotiate solely based on price

Question 2: How can a retail buyer mitigate the risk of overstocking when procuring products, particularly during peak sales periods?

Which action should you take?

Choose only one option

By closely monitoring sales data, adjusting orders dynamically, and working with suppliers for flexible delivery options

By ordering large quantities at discounted prices to avoid stockouts

By focusing solely on seasonal trends, ignoring long-term product life cycles

By procuring products only when a customer has made a purchase

Question 3: How does "establishing clear expectations" with vendors improve vendor management in fashion retail?

Which action should you take?

Choose only one option

It guarantees that all products will meet the latest fashion trends

It ensures both parties are aligned on key deliverables, leading to better product quality and timely deliveries

It focuses only on the price point and not on delivery terms

It reduces the need for long-term vendor relationships

Question 4: How do purchase orders (POs) function in product procurement, and what steps should a buyer take to ensure that POs are accurate and timely?

Which action should you take?

Choose only one option

POs only apply to domestic suppliers and not international ones

POs are irrelevant as long as the buyer trusts the supplier's terms

POs are only necessary for large-scale orders, not for routine procurement

POs are used to formalize agreements with suppliers; buyers should ensure product specifications, quantities, and delivery dates are clearly stated

Question 5: How do you incorporate influencer marketing data into your trend forecasting process for fashion products?

Which action should you take?

Choose only one option

By assuming influencers will dictate trends without analyzing broader market data

By following only top-tier influencers without considering smaller niche influencers

By analyzing engagement metrics, consumer sentiment, and influencer content to predict which trends will gain traction

By focusing solely on influencer content without evaluating consumer behavior

Question 6: What is the role of vendor performance reviews in the vendor management process, and how should these reviews be conducted to improve future collaboration?

Which action should you take?

Choose only one option

Vendor performance reviews should focus only on the pricing structure

Vendor performance reviews should only be conducted at the end of the contract

Vendor performance reviews should assess delivery, quality, and service levels, and provide constructive feedback for improvement

Vendor performance reviews should be avoided, as they can create friction with suppliers