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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. Most aware of what is selling (bias)
Lower prices
Store within a Store
Vendors (Sources)
Off-Price Store (Specialty)
2. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Gross Margin Percentage (Dollar Merchandise Plan)
Buyers Attend Market
Factory Outlet (Specialty)
Factors to be Considered in Editing (Buying)
3. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Two basic kinds of ratail advertising
Department Store (Characteristics)
Limitations of regional marts
Twig (Classifications; Department Store)
4. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Store Owned Organizations (Product Development Organizations
Electronic Retailing (Non-store Retailing)
Chain Store
Variety Store (Specialty)
5. Market area - Assists specialized (central) buyer
Independently owned services
Shopping the Stores (Sources)
Resident Buyer (Path for Buyers)
Limitations of regional marts
6. Located in market
Sources of Merchandise (Buying)
Store Ownership Group
Trade Publications (Sources)
Using Resident Buying Offices (Sources)
7. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
Look at offerings and need out and refine their line
New York (Market Centers)
Store Ownership Group
Branch (Classifications; Department Store
8. Shoplifting - internal theft - inaccurate records
Specialty Store
GMM (Merchandising; Retail Stores)
Paths for Buyers
Shortage (Dollar Merchandise Plan)
9. Sourcing - Logistics related to - importing - Managing information systems
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10. Not paid for by the retailer and the retailer doesn't have control over what is said
Direct Selling (Non-store Retailing)
Flagship (Classifications; Department Store)
Broad-based Business Consulting Services
Publicity
11. These reach out and sell to - small fashion retailers in surrounding areas - serve as a wholesale selling facility for apparel producers - Better understanding of the local consumer
De
Turnover (Dollar Merchandise Plan)
Regional Marts
Using Resident Buying Offices (Sources)
12. Management consultants - Technical consultants - Import and export consultants
Chain Store
Broad-based Business Consulting Services
Central Buyer (Path for Buyers)
Independently Owed (Product Development Organizations)
13. People who shop for clients
Personal Shopper
Flagship (Classifications; Department Store)
Store Ownership Group
Shortage (Dollar Merchandise Plan)
14. Current information on trends
Discount Store (Specialty)
Franchise
Reporting Services (Sources)
DMM (Merchandising; Retail Store
15. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
Market
Look at offerings and need out and refine their line
Off-Price Store (Specialty)
In-store Success (Sources
16. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line
Paris (Global Fashion Centers)
Resident Buyer
Vendors (Sources)
Open-to-buy (Dollar Merchandise Plan)
17. Merchandising - Buying - Product Development Organizations
Store within a Store
Independently owned services
OB
Tokyo (Global Fashion Centers
18. Store owner - Specialized store buyer - Central buyer - Resident buyer
Milan (Global Fashion Centers)
Regional Marts
Buyer (Merchandising; Retail Stores)
Paths for Buyers
19. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
Confined merchandis
De
Minor Fashion Industries (Global Fashion Centers)
GMM (Merchandising; Retail Stores)
20. Chain
Tokyo (Global Fashion Centers
Buyers Attend Market
Shortage (Dollar Merchandise Plan)
Central Buyer (Path for Buyers)
21. Ads; focuses on business itself
Specialty Store
Catalog/Mail Order (Non-store Retai
Image (Advertising)
Milan (Global Fashion Centers)
22. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Resident Buyer (Path for Buyers)
Limitations of regional marts
Discount Store (Specialty)
Hypermarkets (Specialty
23. Large number of resources centered in 7th Avenue area - Largest and most important domestically
New York (Market Centers)
Gross Margin Percentage (Dollar Merchandise Plan)
Central Buyer (Path for Buyers)
Buyer (Merchandising; Retail Stores)
24. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Two basic kinds of ratail advertising
Catalog/Mail Order (Non-store Retai
Advertising
Personal Shopper
25. Sales records - Sales people
In-store Success (Sources
Factory Outlet (Specialty)
OB
Buyers Attend Market
26. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Independently owned services
Independently Owed (Product Development Organizations)
Regional Marts
Electronic Retailing (Non-store Retailing)
27. Order from catalog and pick up immediately
Trade Publications (Sources)
Flagship (Classifications; Department Store)
OB
Catalog Showroom (Specialty)
28. Responsible for establishing the store's image
Management Consultants (Consulting Services)
Product Development
Merchandise/Promotional (Advertising)
GMM (Merchandising; Retail Stores)
29. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Central Buyer (Path for Buyers)
Specialized Store Buyer (Path for Buyers)
Promotio
Franchise
30. Some sample will be altered - To show merchandise in best possible way to accessorize it the way they intended it to be and sometimes on models - Opportunity to develop PR
Some samples may never be mass produced
Image (Advertising)
Catalog Showroom (Specialty)
In-store Boutique
31. 2nd largest leasing space available
Direct Selling (Non-store Retailing)
Look at offerings and need out and refine their line
Advertising
Los Angeles
32. Typically 6 months prior to season
Trade Publications (Sources)
Market Wee
Regional Marts
Paths for Buyers
33. Germany - Spain - Eastern Block
Buyer (Merchandising; Retail Stores)
Factors to be Considered in Editing (Buying)
Breadt
Minor Fashion Industries (Global Fashion Centers)
34. Image Merchandise/promotional -advertising agencies bid for client accounts
Stylist
Two basic kinds of ratail advertising
Business Consultant's Services
Market Research (Sources)
35. Variety of low priced merchandise
Store Ownership Group
Market Research (Sources)
De
Variety Store (Specialty)
36. Cotton Inc. - Wool Bureau
Off-Price Store (Specialty)
Merchandise Assortment Planning
Independently owned services
Trade Associations (Sources)
37. Store open another facility in a different location - often in suburbs
Los Angeles
Twig (Classifications; Department Store)
Branch (Classifications; Department Store
GMM (Merchandising; Retail Stores)
38. Larger orders may allow for...
Lower prices
Independently owned services
OB
Elements of Dollar Merchandize Plan
39. Figure that tells the frequency with which the stock has been sold and replaced - Goal: increase turn = keep merchandise moving
Chain Store
In-store Boutique
Merchandise/Promotional (Advertising)
Turnover (Dollar Merchandise Plan)
40. Door-to-door or house parties
In-store Boutique
Direct Selling (Non-store Retailing)
Factors to be Considered in Editing (Buying)
Merchandise Assortment Planning
41. Money left to buy- when merchandise NEEDS to exceed merchandise available
OB
Product Development
Business Consultant's Services
Market Wee
42. Number of different items offered
Trade Publications (Sources)
Publicity
Vendors (Sources)
Breadt
43. Small specialized store of a department store
Gross Margin Percentage (Dollar Merchandise Plan)
Off-Price Store (Specialty)
Using Resident Buying Offices (Sources)
Twig (Classifications; Department Store)
44. Conduct own research
Gross Margin Percentage (Dollar Merchandise Plan)
Shopping the Stores (Sources)
Broad-based Business Consulting Services
Market Research (Sources)
45. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Minor Fashion Industries (Global Fashion Centers)
Factors to be Considered in Editing (Buying)
Independently Owed (Product Development Organizations)
Market Research (Sources)
46. Manufacturers Attend Market to...
Regional Marts
Store Owned Organizations (Product Development Organizations
Look at offerings and need out and refine their line
Limitations of regional marts
47. 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
Image (Advertising)
Buyers Attend Market
Elements of Dollar Merchandize Plan
Confined merchandis
48. Develops clothing for actors in plays - movies - and television
Off-Price Store (Specialty)
Costume Designe
Resident Buyer (Path for Buyers)
Shopping the Stores (Sources)
49. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
GMM (Merchandising; Retail Stores)
Market Research (Sources)
Discount Store (Specialty)
Store within a Store
50. Regional center for bridal - evening wear
Costume Designe
Limitations of regional marts
Dallas
Market Research (Sources)