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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. Mass - staples
Tokyo (Global Fashion Centers
Business Consultant's Services
Turnover (Dollar Merchandise Plan)
Branch (Classifications; Department Store
2. People who shop for clients
Merchandisi
Store Owned Organizations (Product Development Organizations
Personal Shopper
Store Ownership Group
3. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Store Owner (Path for Buyers)
Merchandise Assortment Planning
Chain Store
Product Development
4. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Elements of Dollar Merchandize Plan
Publicity
Central Buyer (Path for Buyers)
Market Wee
5. Number of different items offered
Dollar Merchandise Plan
Breadt
Publicity
Merchandise Assortment Planning
6. Italian fashion - Knits - Shoes - Menswear
Shortage (Dollar Merchandise Plan)
Independently Owed (Product Development Organizations)
Personal Shopper
Milan (Global Fashion Centers)
7. Small operation
Gross Margin Percentage (Dollar Merchandise Plan)
Store Owner (Path for Buyers)
Hypermarkets (Specialty
Limitations of regional marts
8. Market area - Assists specialized (central) buyer
Buyer (Merchandising; Retail Stores)
Department Store (Characteristics)
Turnover (Dollar Merchandise Plan)
Resident Buyer (Path for Buyers)
9. Current information on trends
Regional Marts
Costume Designe
Reporting Services (Sources)
Catalog/Mail Order (Non-store Retai
10. Responsible for several areas
Branch (Classifications; Department Store
Store Owner (Path for Buyers)
Merchandise/Promotional (Advertising)
DMM (Merchandising; Retail Store
11. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Product Development
DMM (Merchandising; Retail Store
Hypermarkets (Specialty
Vendors (Sources)
12. Responsible for a department/area
Milan (Global Fashion Centers)
Buyer (Merchandising; Retail Stores)
Independently owned services
Private Label
13. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Terms to be Negotiated (Buying)
OB
Minor Fashion Industries (Global Fashion Centers)
Buyer (Retail Merchandising)
14. Cotton Inc. - Wool Bureau
Management Consultants (Consulting Services)
Trade Associations (Sources)
Limitations of regional marts
Discount Store (Specialty)
15. Selling responsibilities
Off-Price Store (Specialty)
Specialized Store Buyer (Path for Buyers)
Business Consultant's Services
Store Owner (Path for Buyers)
16. Store owner - Specialized store buyer - Central buyer - Resident buyer
In-store Success (Sources
Elements of Dollar Merchandize Plan
Limitations of regional marts
Paths for Buyers
17. Store's own label for career and casual sportswear; prices vary (better to moderate)
Private Label
Merchandise/Promotional (Advertising)
Specialty Store
Wholesale Warehouse Clubs (Specialty)
18. Where store execs are housed
Costume Designe
Publicity
Flagship (Classifications; Department Store)
Turnover (Dollar Merchandise Plan)
19. WWD - DNR - stores (consumer fashion magazines)
Factory Outlet (Specialty)
Merchandise Assortment Planning
Trade Publications (Sources)
Franchise
20. Large number of resources centered in 7th Avenue area - Largest and most important domestically
Private Label
Limitations of regional marts
New York (Market Centers)
Buyer (Merchandising; Retail Stores)
21. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Specialty Store
Store Owned Organizations (Product Development Organizations
Catalog/Mail Order (Non-store Retai
Specialized Store Buyer (Path for Buyers)
22. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
Open-to-buy (Dollar Merchandise Plan)
Market
Stylist
Business Consultant's Services
23. Largest portion of promotion budget (approx. 1.3% of sales) - Planning - writing - design - and scheduling of paid announcements
Chain Store
Advertising
Personal Shopper
Sources of Merchandise (Buying)
24. Larger orders may allow for...
Lower prices
New York (Market Centers)
Open-to-buy (Dollar Merchandise Plan)
Store Ownership Group
25. 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
Store Owned Organizations (Product Development Organizations
Independently Owed (Product Development Organizations)
Some samples may never be mass produced
Independently owned services
26. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Sources of Merchandise (Buying)
Buyer (Retail Merchandising)
GMM (Merchandising; Retail Stores)
Market Research (Sources)
27. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Store Ownership Group
Image (Promotion)
Factory Outlet (Specialty)
OB
28. 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
Store within a Store
Off-Price Store (Specialty)
Regional Marts
Terms to be Negotiated (Buying)
29. Quantity of different items offered
Tokyo (Global Fashion Centers
De
Buyer (Merchandising; Retail Stores)
Reporting Services (Sources)
30. 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
Tokyo (Global Fashion Centers
Twig (Classifications; Department Store)
Merchandise Assortment Planning
31. Screens the market for the store buyer (represents the buyer) - Group buying- allows for lower prices due to volume buying - Assist with private label- product development sourcing - Assist with foreign buying
DMM (Merchandising; Retail Store
Independently Owed (Product Development Organizations)
Resident Buyer
Paths for Buyers
32. Buying - selling - and planning of merchandise
Catalog/Mail Order (Non-store Retai
Open-to-buy (Dollar Merchandise Plan)
Vendors (Sources)
Merchandisi
33. Television or computer shopping
Milan (Global Fashion Centers)
Breadt
Electronic Retailing (Non-store Retailing)
Hypermarkets (Specialty
34. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Breadt
Hypermarkets (Specialty
De
Store Owned Organizations (Product Development Organizations
35. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Market
Store Owner (Path for Buyers)
Open-to-buy (Dollar Merchandise Plan)
Specialized Store Buyer (Path for Buyers)
36. Focuses on the business itself
Private Label
Lower prices
Central Buyer (Path for Buyers)
Image (Promotion)
37. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
Resident Buyer
Stylist
Sources of Information (Retail Merchandising)
Gross Margin Percentage (Dollar Merchandise Plan)
38. Variety of low priced merchandise
Variety Store (Specialty)
Paris (Global Fashion Centers)
Store Owned Organizations (Product Development Organizations
In-store Boutique
39. Manufacturers Attend Market to...
Elements of Dollar Merchandize Plan
Confined merchandis
Milan (Global Fashion Centers)
Look at offerings and need out and refine their line
40. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Dallas
Store within a Store
Central Buyer (Path for Buyers)
Independently owned services
41. When merchandise (inventory and ordered) is GREATER than need
DMM (Merchandising; Retail Store
Shopping the Stores (Sources)
Open-to-buy (Dollar Merchandise Plan)
Overbought
42. Germany - Spain - Eastern Block
DMM (Merchandising; Retail Store
Store Owner (Path for Buyers)
Off-Price Store (Specialty)
Minor Fashion Industries (Global Fashion Centers)
43. Shoplifting - internal theft - inaccurate records
Elements of Dollar Merchandize Plan
Shortage (Dollar Merchandise Plan)
Off-Price Store (Specialty)
Dallas
44. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
Advertising
Confined merchandis
Dallas
Terms to be Negotiated (Buying)
45. Small specialized store of a department store
Discount Store (Specialty)
Shopping the Stores (Sources)
Look at offerings and need out and refine their line
Twig (Classifications; Department Store)
46. Conduct own research
Merchandise/Promotional (Advertising)
Resident Buyer
Publicity
Market Research (Sources)
47. Small area within a store for designers or popular manufacturers
In-store Boutique
De
Department Store (Characteristics)
Chain Store
48. Merchandising offerings - Appropriate for customers
Broad-based Business Consulting Services
Factors in Selecting a Resource (Buying
In-store Success (Sources
Gross Margin Percentage (Dollar Merchandise Plan)
49. Not paid for by the retailer and the retailer doesn't have control over what is said
Publicity
Twig (Classifications; Department Store)
De
DMM (Merchandising; Retail Store
50. Door-to-door or house parties
Paris (Global Fashion Centers)
Breadt
Hypermarkets (Specialty
Direct Selling (Non-store Retailing)