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Test your basic knowledge |
Fashion Merchandizing
Start Test
Study First
Subjects
:
business-skills
,
industries
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. WWD - DNR - stores (consumer fashion magazines)
GMM (Merchandising; Retail Stores)
Department Store (Characteristics)
Trade Publications (Sources)
Flagship (Classifications; Department Store)
2. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Central Buyer (Path for Buyers)
Gross Margin Percentage (Dollar Merchandise Plan)
Merchandisi
Buyer (Retail Merchandising)
3. Small specialized store of a department store
Twig (Classifications; Department Store)
Business Consultant's Services
Confined merchandis
Catalog/Mail Order (Non-store Retai
4. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Two basic kinds of ratail advertising
Elements of Dollar Merchandize Plan
Franchise
Publicity
5. Small area within a store for designers or popular manufacturers
Paths for Buyers
In-store Boutique
Limitations of regional marts
Trade Associations (Sources)
6. Not paid for by the retailer and the retailer doesn't have control over what is said
Publicity
Trade Associations (Sources)
Direct Selling (Non-store Retailing)
Store within a Store
7. Focuses on management and market research
Elements of Dollar Merchandize Plan
Branch (Classifications; Department Store
Catalog Showroom (Specialty)
Management Consultants (Consulting Services)
8. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Trade Publications (Sources)
Factory Outlet (Specialty)
Lower prices
Dollar Merchandise Plan
9. Image Merchandise/promotional -advertising agencies bid for client accounts
Two basic kinds of ratail advertising
Trade Associations (Sources)
Market
London (Global Fashion Centers)
10. Responsible for several areas
DMM (Merchandising; Retail Store
De
Breadt
Minor Fashion Industries (Global Fashion Centers)
11. Selling responsibilities
Specialized Store Buyer (Path for Buyers)
Shortage (Dollar Merchandise Plan)
Merchandisi
Market
12. Sales records - Sales people
Sources of Merchandise (Buying)
In-store Success (Sources
Factors to be Considered in Editing (Buying)
Off-Price Store (Specialty)
13. Small operation
Trade Associations (Sources)
Paris (Global Fashion Centers)
Store Owner (Path for Buyers)
Factory Outlet (Specialty)
14. When merchandise (inventory and ordered) is GREATER than need
Buyer (Merchandising; Retail Stores)
Reporting Services (Sources)
Overbought
De
15. Most aware of what is selling (bias)
Vendors (Sources)
Regional Marts
Breadt
Resident Buyer (Path for Buyers)
16. Buying - selling - and planning of merchandise
Shortage (Dollar Merchandise Plan)
London (Global Fashion Centers)
Merchandisi
Two basic kinds of ratail advertising
17. Sourcing - Logistics related to - importing - Managing information systems
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18. Manufacturers Attend Market to...
Trade Associations (Sources)
London (Global Fashion Centers)
Look at offerings and need out and refine their line
Discount Store (Specialty)
19. Compare what is available from the competition
Gross Margin Percentage (Dollar Merchandise Plan)
Shopping the Stores (Sources)
Market
Hypermarkets (Specialty
20. Chain
London (Global Fashion Centers)
Reporting Services (Sources)
Central Buyer (Path for Buyers)
Look at offerings and need out and refine their line
21. 2nd largest leasing space available
Store Owned Organizations (Product Development Organizations
Limitations of regional marts
Los Angeles
Trade Associations (Sources)
22. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Open-to-buy (Dollar Merchandise Plan)
Vendors (Sources)
Store Owned Organizations (Product Development Organizations
In-store Success (Sources
23. Germany - Spain - Eastern Block
Hypermarkets (Specialty
Two basic kinds of ratail advertising
Factors to be Considered in Editing (Buying)
Minor Fashion Industries (Global Fashion Centers)
24. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
Open-to-buy (Dollar Merchandise Plan)
Market
Trade Publications (Sources)
Stylist
25. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Catalog/Mail Order (Non-store Retai
Some samples may never be mass produced
Reporting Services (Sources)
Elements of Dollar Merchandize Plan
26. Specialize in brand and designer name clothing at discounted prices
Regional Marts
Off-Price Store (Specialty)
New York (Market Centers)
Overbought
27. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
Open-to-buy (Dollar Merchandise Plan)
Personal Shopper
Terms to be Negotiated (Buying)
Paris (Global Fashion Centers)
28. Responsible for a department/area
Wholesale Warehouse Clubs (Specialty)
Merchandise Assortment Planning
Buyer (Merchandising; Retail Stores)
GMM (Merchandising; Retail Stores)
29. Italian fashion - Knits - Shoes - Menswear
Milan (Global Fashion Centers)
Market Research (Sources)
Merchandise Assortment Planning
Market
30. Store's own label for career and casual sportswear; prices vary (better to moderate)
Store Owner (Path for Buyers)
Lower prices
Private Label
GMM (Merchandising; Retail Stores)
31. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Franchise
Store within a Store
Los Angeles
Image (Promotion)
32. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Department Store (Characteristics)
Costume Designe
Look at offerings and need out and refine their line
Trade Associations (Sources)
33. Responsible for establishing the store's image
Hypermarkets (Specialty
Open-to-buy (Dollar Merchandise Plan)
Buyer (Merchandising; Retail Stores)
GMM (Merchandising; Retail Stores)
34. Quantity of different items offered
Management Consultants (Consulting Services)
De
Flagship (Classifications; Department Store)
DMM (Merchandising; Retail Store
35. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Catalog/Mail Order (Non-store Retai
Off-Price Store (Specialty)
Discount Store (Specialty)
Department Store (Characteristics)
36. Focuses on a particular item or product
Trade Publications (Sources)
Promotio
Gross Margin Percentage (Dollar Merchandise Plan)
Factory Outlet (Specialty)
37. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
Confined merchandis
De
Sources of Information (Retail Merchandising)
Merchandise Assortment Planning
38. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Merchandise Assortment Planning
Independently owned services
Store Owned Organizations (Product Development Organizations
Flagship (Classifications; Department Store)
39. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
New York (Market Centers)
Store Ownership Group
Breadt
Lower prices
40. Television or computer shopping
Paths for Buyers
Factory Outlet (Specialty)
Hypermarkets (Specialty
Electronic Retailing (Non-store Retailing)
41. Order from catalog and pick up immediately
Overbought
Breadt
Catalog Showroom (Specialty)
Chain Store
42. Variety of low priced merchandise
Variety Store (Specialty)
Business Consultant's Services
Elements of Dollar Merchandize Plan
Management Consultants (Consulting Services)
43. To actually see the merchandise and judge how it will look in store - To find new resources for merchandise - Stores will always carry some traditional vendors But are constantly seeking new sources - Talk to other and get a feel for the trends and
Vendors (Sources)
Market Wee
Using Resident Buying Offices (Sources)
Buyers Attend Market
44. Develops clothing for actors in plays - movies - and television
Terms to be Negotiated (Buying)
Elements of Dollar Merchandize Plan
Vendors (Sources)
Costume Designe
45. Located in market
Shopping the Stores (Sources)
Turnover (Dollar Merchandise Plan)
Minor Fashion Industries (Global Fashion Centers)
Using Resident Buying Offices (Sources)
46. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Shortage (Dollar Merchandise Plan)
Market Research (Sources)
Confined merchandis
Store Owned Organizations (Product Development Organizations
47. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Business Consultant's Services
Publicity
Vendors (Sources)
Franchise
48. People who shop for clients
Product Development
Merchandisi
Personal Shopper
Independently owned services
49. Centrally located/organized with merchandising and buying in a central headquarters - Most of the separate stores look alike and carry the same merchandise - Example = Target
Los Angeles
Chain Store
Overbought
De
50. Pay a fee for what are supposed to be wholesale prices
Direct Selling (Non-store Retailing)
Publicity
OB
Wholesale Warehouse Clubs (Specialty)