What does a "merchandise plan" typically include?

A merchandise plan is a comprehensive strategy used by retailers to effectively manage their product offerings. The correct answer highlights the essential components of a merchandise plan, which are sales forecasts, inventory levels, and purchase plans.

Sales forecasts are crucial as they project future sales trends based on historical data, market research, and economic conditions. This helps retailers anticipate demand and adjust their inventory accordingly. Inventory levels refer to the amount of stock a retailer maintains to meet customer needs while minimizing overstock and stockouts. The purchase plan outlines the specifics of how much and when to buy inventory, ensuring that the retailer aligns its purchasing with projected sales and inventory needs.

Together, these elements help retailers optimize their product mix, manage costs efficiently, and ultimately enhance customer satisfaction by ensuring the right products are available at the right time. Other options may include important information but do not encapsulate the core elements that are standard in a merchandise plan.