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. Sales records - Sales people
Paths for Buyers
In-store Success (Sources
Resident Buyer
Central Buyer (Path for Buyers)
2. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Tokyo (Global Fashion Centers
Franchise
Los Angeles
Two basic kinds of ratail advertising
3. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Confined merchandis
Trade Associations (Sources)
Independently Owed (Product Development Organizations)
Hypermarkets (Specialty
4. Manufacturers Attend Market to...
Specialized Store Buyer (Path for Buyers)
Independently owned services
Paths for Buyers
Look at offerings and need out and refine their line
5. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Milan (Global Fashion Centers)
Hypermarkets (Specialty
Trade Publications (Sources)
Store Ownership Group
6. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
Market
Dollar Merchandise Plan
Confined merchandis
Store Owned Organizations (Product Development Organizations
7. Italian fashion - Knits - Shoes - Menswear
Broad-based Business Consulting Services
Look at offerings and need out and refine their line
Limitations of regional marts
Milan (Global Fashion Centers)
8. Chain
Dollar Merchandise Plan
Central Buyer (Path for Buyers)
Off-Price Store (Specialty)
Merchandisi
9. Number of different items offered
Minor Fashion Industries (Global Fashion Centers)
Milan (Global Fashion Centers)
Resident Buyer
Breadt
10. Germany - Spain - Eastern Block
Minor Fashion Industries (Global Fashion Centers)
Store Owned Organizations (Product Development Organizations
GMM (Merchandising; Retail Stores)
Trade Publications (Sources)
11. Not paid for by the retailer and the retailer doesn't have control over what is said
Branch (Classifications; Department Store
Publicity
Flagship (Classifications; Department Store)
Store Ownership Group
12. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
Two basic kinds of ratail advertising
Elements of Dollar Merchandize Plan
Store Ownership Group
Stylist
13. Most aware of what is selling (bias)
Two basic kinds of ratail advertising
Vendors (Sources)
Catalog/Mail Order (Non-store Retai
Buyer (Retail Merchandising)
14. 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
Franchise
Resident Buyer
Shortage (Dollar Merchandise Plan)
Los Angeles
15. Specialize in brand and designer name clothing at discounted prices
Off-Price Store (Specialty)
Specialized Store Buyer (Path for Buyers)
Costume Designe
Milan (Global Fashion Centers)
16. Regional center for bridal - evening wear
Private Label
Department Store (Characteristics)
Trade Associations (Sources)
Dallas
17. Market area - Assists specialized (central) buyer
Resident Buyer (Path for Buyers)
Los Angeles
Merchandise/Promotional (Advertising)
Business Consultant's Services
18. Money left to buy- when merchandise NEEDS to exceed merchandise available
OB
Two basic kinds of ratail advertising
Buyers Attend Market
Broad-based Business Consulting Services
19. Focus specifically on product
Store Owner (Path for Buyers)
Factors in Selecting a Resource (Buying
Business Consultant's Services
Merchandise/Promotional (Advertising)
20. Shoplifting - internal theft - inaccurate records
Store Ownership Group
OB
Shortage (Dollar Merchandise Plan)
Store within a Store
21. Mass - staples
Tokyo (Global Fashion Centers
Reporting Services (Sources)
In-store Success (Sources
Advertising
22. Conduct own research
Paris (Global Fashion Centers)
London (Global Fashion Centers)
Branch (Classifications; Department Store
Market Research (Sources)
23. Buying - selling - and planning of merchandise
Merchandisi
Market Research (Sources)
OB
Reporting Services (Sources)
24. Television or computer shopping
Lower prices
Electronic Retailing (Non-store Retailing)
Publicity
Milan (Global Fashion Centers)
25. Sourcing - Logistics related to - importing - Managing information systems
Warning
: Invalid argument supplied for foreach() in
/var/www/html/basicversity.com/show_quiz.php
on line
183
26. People who shop for clients
Personal Shopper
Store Owned Organizations (Product Development Organizations
Los Angeles
Some samples may never be mass produced
27. Image Merchandise/promotional -advertising agencies bid for client accounts
Merchandise/Promotional (Advertising)
Milan (Global Fashion Centers)
Specialized Store Buyer (Path for Buyers)
Two basic kinds of ratail advertising
28. Small specialized store of a department store
Minor Fashion Industries (Global Fashion Centers)
Resident Buyer (Path for Buyers)
New York (Market Centers)
Twig (Classifications; Department Store)
29. Current information on trends
Store Ownership Group
Trade Publications (Sources)
Reporting Services (Sources)
Elements of Dollar Merchandize Plan
30. Typically 6 months prior to season
Market Wee
Catalog Showroom (Specialty)
Promotio
Trade Publications (Sources)
31. Management consultants - Technical consultants - Import and export consultants
Milan (Global Fashion Centers)
Broad-based Business Consulting Services
Resident Buyer
Store Owner (Path for Buyers)
32. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Resident Buyer
Specialty Store
Terms to be Negotiated (Buying)
Look at offerings and need out and refine their line
33. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
Trade Publications (Sources)
Flagship (Classifications; Department Store)
Paris (Global Fashion Centers)
Confined merchandis
34. Focuses on management and market research
Management Consultants (Consulting Services)
Publicity
Department Store (Characteristics)
Resident Buyer
35. Menswear
Merchandise/Promotional (Advertising)
Buyers Attend Market
Independently owned services
London (Global Fashion Centers)
36. Merchandising offerings - Appropriate for customers
Department Store (Characteristics)
Factors in Selecting a Resource (Buying
In-store Success (Sources
Private Label
37. 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
Chain Store
Some samples may never be mass produced
Regional Marts
Merchandise Assortment Planning
38. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Business Consultant's Services
Department Store (Characteristics)
Look at offerings and need out and refine their line
Resident Buyer (Path for Buyers)
39. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Twig (Classifications; Department Store)
Image (Promotion)
Elements of Dollar Merchandize Plan
Personal Shopper
40. Store's own label for career and casual sportswear; prices vary (better to moderate)
Private Label
Market Research (Sources)
Factory Outlet (Specialty)
Trade Associations (Sources)
41. Store open another facility in a different location - often in suburbs
London (Global Fashion Centers)
In-store Success (Sources
Branch (Classifications; Department Store
Dallas
42. When merchandise (inventory and ordered) is GREATER than need
In-store Success (Sources
Overbought
New York (Market Centers)
Hypermarkets (Specialty
43. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Sources of Information (Retail Merchandising)
London (Global Fashion Centers)
Image (Promotion)
Product Development
44. Sometimes called the 6 month plan - Balances planned stock and planned sales in dollars - Previous 6 months plan is used as a guideline
Publicity
Twig (Classifications; Department Store)
Dollar Merchandise Plan
Off-Price Store (Specialty)
45. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line
Lower prices
Paris (Global Fashion Centers)
Wholesale Warehouse Clubs (Specialty)
Dallas
46. Responsible for establishing the store's image
Merchandise Assortment Planning
Using Resident Buying Offices (Sources)
Personal Shopper
GMM (Merchandising; Retail Stores)
47. Responsible for a department/area
Store Owner (Path for Buyers)
Merchandisi
Buyer (Merchandising; Retail Stores)
Store Ownership Group
48. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Buyer (Retail Merchandising)
Buyer (Merchandising; Retail Stores)
Factory Outlet (Specialty)
Breadt
49. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Sources of Merchandise (Buying)
DMM (Merchandising; Retail Store
Paths for Buyers
Hypermarkets (Specialty
50. Compare what is available from the competition
Reporting Services (Sources)
Shopping the Stores (Sources)
Market Wee
Buyer (Merchandising; Retail Stores)