SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. Chain
Central Buyer (Path for Buyers)
Buyers Attend Market
Image (Promotion)
Stylist
2. Germany - Spain - Eastern Block
Store Owned Organizations (Product Development Organizations
Buyer (Retail Merchandising)
Store Owner (Path for Buyers)
Minor Fashion Industries (Global Fashion Centers)
3. Focuses on the business itself
Image (Promotion)
Franchise
DMM (Merchandising; Retail Store
Merchandise Assortment Planning
4. Typically 6 months prior to season
Store Ownership Group
Store Owned Organizations (Product Development Organizations
Product Development
Market Wee
5. Not paid for by the retailer and the retailer doesn't have control over what is said
Publicity
Limitations of regional marts
Factory Outlet (Specialty)
Store Owner (Path for Buyers)
6. Image Merchandise/promotional -advertising agencies bid for client accounts
Catalog/Mail Order (Non-store Retai
Limitations of regional marts
New York (Market Centers)
Two basic kinds of ratail advertising
7. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Regional Marts
Open-to-buy (Dollar Merchandise Plan)
Publicity
Management Consultants (Consulting Services)
8. Menswear
Store Owner (Path for Buyers)
London (Global Fashion Centers)
Lower prices
Management Consultants (Consulting Services)
9. Quantity of different items offered
Wholesale Warehouse Clubs (Specialty)
Off-Price Store (Specialty)
De
Personal Shopper
10. 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
Independently Owed (Product Development Organizations)
Factors in Selecting a Resource (Buying
Chain Store
Factors to be Considered in Editing (Buying)
11. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Factory Outlet (Specialty)
Buyer (Merchandising; Retail Stores)
Product Development
Specialized Store Buyer (Path for Buyers)
12. Door-to-door or house parties
Milan (Global Fashion Centers)
DMM (Merchandising; Retail Store
De
Direct Selling (Non-store Retailing)
13. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Open-to-buy (Dollar Merchandise Plan)
Department Store (Characteristics)
Regional Marts
In-store Success (Sources
14. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
Confined merchandis
Catalog Showroom (Specialty)
Reporting Services (Sources)
Electronic Retailing (Non-store Retailing)
15. Store open another facility in a different location - often in suburbs
Factors to be Considered in Editing (Buying)
Branch (Classifications; Department Store
Store Ownership Group
Market Research (Sources)
16. Sometimes called the 6 month plan - Balances planned stock and planned sales in dollars - Previous 6 months plan is used as a guideline
Independently owned services
Image (Advertising)
Dollar Merchandise Plan
Personal Shopper
17. Pay a fee for what are supposed to be wholesale prices
Factors in Selecting a Resource (Buying
Wholesale Warehouse Clubs (Specialty)
Direct Selling (Non-store Retailing)
Some samples may never be mass produced
18. Sourcing - Logistics related to - importing - Managing information systems
19. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Gross Margin Percentage (Dollar Merchandise Plan)
Wholesale Warehouse Clubs (Specialty)
Store within a Store
Vendors (Sources)
20. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Using Resident Buying Offices (Sources)
Discount Store (Specialty)
Market
Chain Store
21. Mass - staples
Store Ownership Group
Tokyo (Global Fashion Centers
Image (Promotion)
Department Store (Characteristics)
22. Small area within a store for designers or popular manufacturers
Image (Advertising)
In-store Success (Sources
Resident Buyer
In-store Boutique
23. Market area - Assists specialized (central) buyer
Trade Associations (Sources)
Resident Buyer (Path for Buyers)
Department Store (Characteristics)
Store Ownership Group
24. Manufacturers may not always produce everything they show in regional market (even if orders have been placed) - May not have many new manufacturers
Vendors (Sources)
London (Global Fashion Centers)
DMM (Merchandising; Retail Store
Limitations of regional marts
25. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Market
Store within a Store
Factors in Selecting a Resource (Buying
Shortage (Dollar Merchandise Plan)
26. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Twig (Classifications; Department Store)
Variety Store (Specialty)
Buyer (Retail Merchandising)
Specialized Store Buyer (Path for Buyers)
27. Regional center for bridal - evening wear
Dallas
Product Development
Off-Price Store (Specialty)
Flagship (Classifications; Department Store)
28. Responsible for establishing the store's image
Store Ownership Group
Turnover (Dollar Merchandise Plan)
Off-Price Store (Specialty)
GMM (Merchandising; Retail Stores)
29. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Buyer (Merchandising; Retail Stores)
Sources of Merchandise (Buying)
Off-Price Store (Specialty)
Paris (Global Fashion Centers)
30. Small operation
In-store Success (Sources
Store Owner (Path for Buyers)
Overbought
Two basic kinds of ratail advertising
31. Responsible for several areas
Store Owned Organizations (Product Development Organizations
Costume Designe
Franchise
DMM (Merchandising; Retail Store
32. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Reporting Services (Sources)
Image (Promotion)
Market Research (Sources)
Independently Owed (Product Development Organizations)
33. Store owner - Specialized store buyer - Central buyer - Resident buyer
Private Label
Paris (Global Fashion Centers)
Discount Store (Specialty)
Paths for Buyers
34. Order from catalog and pick up immediately
Electronic Retailing (Non-store Retailing)
Specialized Store Buyer (Path for Buyers)
Catalog Showroom (Specialty)
Personal Shopper
35. 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
Open-to-buy (Dollar Merchandise Plan)
Los Angeles
GMM (Merchandising; Retail Stores)
Regional Marts
36. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Factors to be Considered in Editing (Buying)
Independently Owed (Product Development Organizations)
Reporting Services (Sources)
Image (Promotion)
37. Located in market
Elements of Dollar Merchandize Plan
Factory Outlet (Specialty)
Los Angeles
Using Resident Buying Offices (Sources)
38. 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
Buyers Attend Market
Independently owned services
De
In-store Boutique
39. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
Flagship (Classifications; Department Store)
OB
Stylist
Turnover (Dollar Merchandise Plan)
40. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Factors in Selecting a Resource (Buying
Factory Outlet (Specialty)
Vendors (Sources)
Business Consultant's Services
41. Buying - selling - and planning of merchandise
Merchandise Assortment Planning
Lower prices
Central Buyer (Path for Buyers)
Merchandisi
42. Merchandising offerings - Appropriate for customers
GMM (Merchandising; Retail Stores)
Resident Buyer (Path for Buyers)
Factors in Selecting a Resource (Buying
Publicity
43. Store's own label for career and casual sportswear; prices vary (better to moderate)
In-store Boutique
Private Label
Image (Promotion)
Regional Marts
44. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Catalog/Mail Order (Non-store Retai
Market Research (Sources)
Using Resident Buying Offices (Sources)
Broad-based Business Consulting Services
45. Conduct own research
Costume Designe
Buyers Attend Market
Market Research (Sources)
Factors in Selecting a Resource (Buying
46. 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
Store within a Store
Merchandise/Promotional (Advertising)
Twig (Classifications; Department Store)
47. Cotton Inc. - Wool Bureau
Image (Promotion)
Trade Associations (Sources)
Some samples may never be mass produced
Buyers Attend Market
48. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
Business Consultant's Services
Terms to be Negotiated (Buying)
Direct Selling (Non-store Retailing)
Minor Fashion Industries (Global Fashion Centers)
49. Management consultants - Technical consultants - Import and export consultants
Resident Buyer
London (Global Fashion Centers)
Broad-based Business Consulting Services
Minor Fashion Industries (Global Fashion Centers)
50. Large number of resources centered in 7th Avenue area - Largest and most important domestically
Franchise
Los Angeles
New York (Market Centers)
Resident Buyer