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Module 1 Quiz: Corporate Merchandising Functions

Terms in this set (20)

Which position mostly focuses much of their time on advertising plans, proofing ad layouts and pricing?
Assistant Buyer
Which position is mostly responsible for creating and controlling the financial merchandise plans and forecasts?
Planner
Which position is mostly responsible for inspiring and creating assortment plans?
Buyer
Which area are analytical skills most needed/important?
Planning and Allocation
Which area is knowledge of fabric and garment construction most needed?
Product Development
Which area would be most likely to give direction to visual merchandising and store planning about incoming products and display needs?
Buying/Merchandising
What does the "G" stand for in the acronym common in the industry of "GMM" or "GPM"
General
Which position mostly focuses on creating private, store and exclusive brands?
Product Developer
Which position is mostly responsible for allocating the merchandise to the right stores in the right quantities?
Analyst
What does "D" stand for in the common three letter acronym in the industry of "DMM" or "DPM"?
Divisional
Which area is usually responsible for managing the amount of purchases and inventory?
Planning and Allocation
Which area would be most likely to work most closely with quality control and a design team?
Product Development
Which area will create new packaging and brands?
Product Development
Which area is usually responsible for providing ad copy specifics and samples for advertising?
Buying/Merchandising
Which area would be most likely to determine the initial price of a product?
Buying/Merchandising
Which area is usually responsible for replenishing inventory of basic products?
Planning and Allocation
Which area is usually responsible for analyzing consumer trends and ensuring the product assortments reflect this accordingly?
Product Development
Which area would be most likely to determine markdowns for products?
Planning and Allocation
Which area is usually responsible for working with logistics and the supply chain?
Planning and Allocation
Which position mostly focuses on purchase order entry and organizing advertising samples? (Hint: this would be more of an entry level position and possibly an hourly position rather than a salaried position)
Merchandise Specialist
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