Distinguish between any two of the following:

Buying and merchandising are two distinct but interrelated functions in retail management. The key differences between two of these concepts are:

1. Buying vs Merchandising: Buying refers to the process of selecting and purchasing goods for retail businesses. The buyer’s role is to assess market trends, consumer preferences, and product quality to ensure the right products are _______ __________ __________ _____ ______ ____ _________ _______.
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