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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. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
De
Market
New York (Market Centers)
Buyers Attend Market
2. Germany - Spain - Eastern Block
Merchandise/Promotional (Advertising)
Factory Outlet (Specialty)
Catalog Showroom (Specialty)
Minor Fashion Industries (Global Fashion Centers)
3. Where store execs are housed
Confined merchandis
Gross Margin Percentage (Dollar Merchandise Plan)
Flagship (Classifications; Department Store)
Dallas
4. Develops clothing for actors in plays - movies - and television
Publicity
Using Resident Buying Offices (Sources)
Merchandise Assortment Planning
Costume Designe
5. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Store within a Store
Minor Fashion Industries (Global Fashion Centers)
Department Store (Characteristics)
Product Development
6. 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
Chain Store
Tokyo (Global Fashion Centers
Electronic Retailing (Non-store Retailing)
Vendors (Sources)
7. Small operation
Store Owner (Path for Buyers)
Turnover (Dollar Merchandise Plan)
Factors to be Considered in Editing (Buying)
Direct Selling (Non-store Retailing)
8. Merchandising offerings - Appropriate for customers
Factors in Selecting a Resource (Buying
Costume Designe
Store Ownership Group
Promotio
9. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Two basic kinds of ratail advertising
Paris (Global Fashion Centers)
Regional Marts
Elements of Dollar Merchandize Plan
10. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
Merchandisi
Confined merchandis
Publicity
Market Wee
11. Television or computer shopping
Twig (Classifications; Department Store)
Independently Owed (Product Development Organizations)
Electronic Retailing (Non-store Retailing)
In-store Success (Sources
12. Manufacturers may not always produce everything they show in regional market (even if orders have been placed) - May not have many new manufacturers
Business Consultant's Services
Using Resident Buying Offices (Sources)
Specialized Store Buyer (Path for Buyers)
Limitations of regional marts
13. When merchandise (inventory and ordered) is GREATER than need
DMM (Merchandising; Retail Store
Store within a Store
Overbought
Trade Associations (Sources)
14. Money left to buy- when merchandise NEEDS to exceed merchandise available
Image (Advertising)
In-store Success (Sources
OB
Trade Associations (Sources)
15. Number of different items offered
Regional Marts
Specialty Store
Shopping the Stores (Sources)
Breadt
16. Sourcing - Logistics related to - importing - Managing information systems
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17. Responsible for several areas
Buyers Attend Market
London (Global Fashion Centers)
DMM (Merchandising; Retail Store
Chain Store
18. Largest portion of promotion budget (approx. 1.3% of sales) - Planning - writing - design - and scheduling of paid announcements
Specialized Store Buyer (Path for Buyers)
Buyer (Retail Merchandising)
Advertising
Independently Owed (Product Development Organizations)
19. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Open-to-buy (Dollar Merchandise Plan)
Shortage (Dollar Merchandise Plan)
Regional Marts
Buyers Attend Market
20. 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
Turnover (Dollar Merchandise Plan)
Regional Marts
Paths for Buyers
Wholesale Warehouse Clubs (Specialty)
21. Compare what is available from the competition
Shopping the Stores (Sources)
Flagship (Classifications; Department Store)
Market Research (Sources)
Image (Advertising)
22. Not paid for by the retailer and the retailer doesn't have control over what is said
Merchandise Assortment Planning
Publicity
Merchandise/Promotional (Advertising)
Limitations of regional marts
23. Pay a fee for what are supposed to be wholesale prices
Direct Selling (Non-store Retailing)
Specialty Store
Wholesale Warehouse Clubs (Specialty)
Off-Price Store (Specialty)
24. Menswear
Franchise
Business Consultant's Services
Wholesale Warehouse Clubs (Specialty)
London (Global Fashion Centers)
25. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Terms to be Negotiated (Buying)
Factors to be Considered in Editing (Buying)
Central Buyer (Path for Buyers)
Merchandise Assortment Planning
26. Focuses on the business itself
Confined merchandis
Image (Promotion)
Milan (Global Fashion Centers)
Reporting Services (Sources)
27. Sales records - Sales people
In-store Success (Sources
Central Buyer (Path for Buyers)
Confined merchandis
Shopping the Stores (Sources)
28. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Paris (Global Fashion Centers)
Buyers Attend Market
Buyer (Retail Merchandising)
Overbought
29. Store's own label for career and casual sportswear; prices vary (better to moderate)
Buyers Attend Market
Milan (Global Fashion Centers)
Private Label
Trade Publications (Sources)
30. Manufacturers Attend Market to...
Trade Publications (Sources)
Look at offerings and need out and refine their line
Tokyo (Global Fashion Centers
OB
31. Chain
Private Label
Image (Advertising)
Shopping the Stores (Sources)
Central Buyer (Path for Buyers)
32. Small area within a store for designers or popular manufacturers
In-store Boutique
Regional Marts
Central Buyer (Path for Buyers)
Turnover (Dollar Merchandise Plan)
33. WWD - DNR - stores (consumer fashion magazines)
Buyer (Merchandising; Retail Stores)
Trade Publications (Sources)
Private Label
New York (Market Centers)
34. 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
Confined merchandis
Elements of Dollar Merchandize Plan
Two basic kinds of ratail advertising
35. Focuses on management and market research
Lower prices
Management Consultants (Consulting Services)
Some samples may never be mass produced
OB
36. Quantity of different items offered
Promotio
De
Overbought
Specialized Store Buyer (Path for Buyers)
37. Merchandising - Buying - Product Development Organizations
Trade Publications (Sources)
Management Consultants (Consulting Services)
Independently owned services
Publicity
38. Buying - selling - and planning of merchandise
Reporting Services (Sources)
Market Research (Sources)
Merchandisi
Electronic Retailing (Non-store Retailing)
39. Responsible for establishing the store's image
GMM (Merchandising; Retail Stores)
Electronic Retailing (Non-store Retailing)
Gross Margin Percentage (Dollar Merchandise Plan)
Confined merchandis
40. Larger orders may allow for...
Department Store (Characteristics)
Paris (Global Fashion Centers)
Two basic kinds of ratail advertising
Lower prices
41. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Factory Outlet (Specialty)
Open-to-buy (Dollar Merchandise Plan)
Dollar Merchandise Plan
Store Owned Organizations (Product Development Organizations
42. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Some samples may never be mass produced
Independently Owed (Product Development Organizations)
Sources of Merchandise (Buying)
Specialty Store
43. Management consultants - Technical consultants - Import and export consultants
Broad-based Business Consulting Services
Los Angeles
Buyers Attend Market
Merchandisi
44. Located in market
Independently Owed (Product Development Organizations)
Using Resident Buying Offices (Sources)
Direct Selling (Non-store Retailing)
Advertising
45. Variety of low priced merchandise
Overbought
Variety Store (Specialty)
Private Label
Breadt
46. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Store Ownership Group
Discount Store (Specialty)
Open-to-buy (Dollar Merchandise Plan)
Central Buyer (Path for Buyers)
47. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
OB
Franchise
Open-to-buy (Dollar Merchandise Plan)
Market Research (Sources)
48. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Paths for Buyers
Specialty Store
Publicity
Using Resident Buying Offices (Sources)
49. Store open another facility in a different location - often in suburbs
Branch (Classifications; Department Store
De
Two basic kinds of ratail advertising
Department Store (Characteristics)
50. Cotton Inc. - Wool Bureau
Costume Designe
Publicity
Market
Trade Associations (Sources)