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Business Glossary

Business Definition for: open-to-buy

Dictionary of Business Terms

open-to-buy

method for a retailer to adjust merchandise purchases to reflect changes in sales, markdowns, and so on. The open-to-buy method provides flexibility for the retailer in purchasing new inventory as the old items sell out and to take advantage of special product deals.

Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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