Describe the elements of the buying function. Write short notes on: (i) range and assortment planning for a retail store and (ii) planogram. Describe the concept of open-to-buy as a buying tool for a...

Describe the elements of the buying function. Write short notes on: (i) range and assortment planning for a retail store and (ii) planogram. Describe the concept of open-to-buy as a buying tool for a retail organization. What are the advantages of using the OTB plan for buying?