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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. Management consultants - Technical consultants - Import and export consultants
Department Store (Characteristics)
Business Consultant's Services
Breadt
Broad-based Business Consulting Services
2. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Regional Marts
Store Owned Organizations (Product Development Organizations
New York (Market Centers)
DMM (Merchandising; Retail Store
3. Responsible for establishing the store's image
Store Ownership Group
Paths for Buyers
GMM (Merchandising; Retail Stores)
Advertising
4. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Off-Price Store (Specialty)
Catalog/Mail Order (Non-store Retai
Minor Fashion Industries (Global Fashion Centers)
De
5. Where store execs are housed
Shopping the Stores (Sources)
Costume Designe
Using Resident Buying Offices (Sources)
Flagship (Classifications; Department Store)
6. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
New York (Market Centers)
Catalog Showroom (Specialty)
Limitations of regional marts
Store Ownership Group
7. Specialize in brand and designer name clothing at discounted prices
Stylist
Off-Price Store (Specialty)
New York (Market Centers)
Merchandise Assortment Planning
8. Pay a fee for what are supposed to be wholesale prices
Wholesale Warehouse Clubs (Specialty)
Using Resident Buying Offices (Sources)
Trade Publications (Sources)
Vendors (Sources)
9. Located in market
Using Resident Buying Offices (Sources)
Buyer (Merchandising; Retail Stores)
Product Development
Market
10. Responsible for several areas
In-store Success (Sources
DMM (Merchandising; Retail Store
Paths for Buyers
Look at offerings and need out and refine their line
11. Menswear
Central Buyer (Path for Buyers)
London (Global Fashion Centers)
Using Resident Buying Offices (Sources)
Franchise
12. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Hypermarkets (Specialty
Electronic Retailing (Non-store Retailing)
Gross Margin Percentage (Dollar Merchandise Plan)
Merchandise Assortment Planning
13. Quantity of different items offered
Independently Owed (Product Development Organizations)
De
In-store Success (Sources
Broad-based Business Consulting Services
14. Market area - Assists specialized (central) buyer
Using Resident Buying Offices (Sources)
Buyer (Merchandising; Retail Stores)
Independently Owed (Product Development Organizations)
Resident Buyer (Path for Buyers)
15. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Flagship (Classifications; Department Store)
Costume Designe
Store Owner (Path for Buyers)
Buyer (Retail Merchandising)
16. Large number of resources centered in 7th Avenue area - Largest and most important domestically
New York (Market Centers)
Resident Buyer
Store within a Store
Costume Designe
17. Italian fashion - Knits - Shoes - Menswear
Discount Store (Specialty)
Reporting Services (Sources)
Milan (Global Fashion Centers)
Tokyo (Global Fashion Centers
18. Merchandising offerings - Appropriate for customers
Product Development
Catalog Showroom (Specialty)
Department Store (Characteristics)
Factors in Selecting a Resource (Buying
19. 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
Resident Buyer
Merchandise Assortment Planning
De
Regional Marts
20. Conduct own research
Wholesale Warehouse Clubs (Specialty)
Market Research (Sources)
Image (Advertising)
Minor Fashion Industries (Global Fashion Centers)
21. 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
Reporting Services (Sources)
Breadt
Wholesale Warehouse Clubs (Specialty)
Chain Store
22. Focuses on a particular item or product
Stylist
Store Owner (Path for Buyers)
Branch (Classifications; Department Store
Promotio
23. People who shop for clients
Vendors (Sources)
Buyer (Merchandising; Retail Stores)
Limitations of regional marts
Personal Shopper
24. Order from catalog and pick up immediately
Catalog Showroom (Specialty)
Store Owned Organizations (Product Development Organizations
Specialty Store
Twig (Classifications; Department Store)
25. Variety of low priced merchandise
Store within a Store
Variety Store (Specialty)
Store Owned Organizations (Product Development Organizations
London (Global Fashion Centers)
26. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Variety Store (Specialty)
Product Development
Lower prices
Terms to be Negotiated (Buying)
27. Focuses on the business itself
Market Wee
Los Angeles
Elements of Dollar Merchandize Plan
Image (Promotion)
28. Responsible for a department/area
Advertising
Buyer (Merchandising; Retail Stores)
Sources of Information (Retail Merchandising)
Sources of Merchandise (Buying)
29. Current information on trends
Business Consultant's Services
Reporting Services (Sources)
Private Label
Store Ownership Group
30. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Specialty Store
Dallas
Buyers Attend Market
Catalog Showroom (Specialty)
31. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Gross Margin Percentage (Dollar Merchandise Plan)
Open-to-buy (Dollar Merchandise Plan)
Chain Store
Electronic Retailing (Non-store Retailing)
32. Store's own label for career and casual sportswear; prices vary (better to moderate)
Advertising
Broad-based Business Consulting Services
Dollar Merchandise Plan
Private Label
33. Most aware of what is selling (bias)
Store within a Store
Franchise
OB
Vendors (Sources)
34. Store owner - Specialized store buyer - Central buyer - Resident buyer
Paths for Buyers
Electronic Retailing (Non-store Retailing)
Using Resident Buying Offices (Sources)
Franchise
35. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Dallas
Franchise
Look at offerings and need out and refine their line
Some samples may never be mass produced
36. 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
Personal Shopper
Buyers Attend Market
Using Resident Buying Offices (Sources)
Electronic Retailing (Non-store Retailing)
37. 2nd largest leasing space available
Resident Buyer (Path for Buyers)
Factors to be Considered in Editing (Buying)
Los Angeles
Breadt
38. Small operation
Wholesale Warehouse Clubs (Specialty)
Market Wee
Store Owner (Path for Buyers)
Independently owned services
39. 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)
Trade Publications (Sources)
Dallas
Two basic kinds of ratail advertising
40. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
Confined merchandis
GMM (Merchandising; Retail Stores)
Some samples may never be mass produced
Central Buyer (Path for Buyers)
41. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Paris (Global Fashion Centers)
Factory Outlet (Specialty)
In-store Success (Sources
GMM (Merchandising; Retail Stores)
42. Sales records - Sales people
Resident Buyer
In-store Success (Sources
Sources of Information (Retail Merchandising)
Promotio
43. Regional center for bridal - evening wear
Factory Outlet (Specialty)
Reporting Services (Sources)
Electronic Retailing (Non-store Retailing)
Dallas
44. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
Sources of Merchandise (Buying)
Store within a Store
Sources of Information (Retail Merchandising)
Catalog/Mail Order (Non-store Retai
45. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Vendors (Sources)
Business Consultant's Services
Wholesale Warehouse Clubs (Specialty)
Merchandise Assortment Planning
46. Buying - selling - and planning of merchandise
Market
Shopping the Stores (Sources)
Merchandisi
Store within a Store
47. Television or computer shopping
GMM (Merchandising; Retail Stores)
Some samples may never be mass produced
Electronic Retailing (Non-store Retailing)
Regional Marts
48. Not paid for by the retailer and the retailer doesn't have control over what is said
Merchandise Assortment Planning
Publicity
Trade Associations (Sources)
Open-to-buy (Dollar Merchandise Plan)
49. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Lower prices
Elements of Dollar Merchandize Plan
GMM (Merchandising; Retail Stores)
Wholesale Warehouse Clubs (Specialty)
50. Largest portion of promotion budget (approx. 1.3% of sales) - Planning - writing - design - and scheduling of paid announcements
Franchise
Advertising
Management Consultants (Consulting Services)
Image (Advertising)