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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. Store's own label for career and casual sportswear; prices vary (better to moderate)
Private Label
Department Store (Characteristics)
Independently Owed (Product Development Organizations)
Using Resident Buying Offices (Sources)
2. 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)
Turnover (Dollar Merchandise Plan)
Stylist
Trade Associations (Sources)
3. Merchandising offerings - Appropriate for customers
Factors in Selecting a Resource (Buying
Broad-based Business Consulting Services
Breadt
Product Development
4. Quantity of different items offered
Sources of Information (Retail Merchandising)
De
Factors to be Considered in Editing (Buying)
Elements of Dollar Merchandize Plan
5. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Reporting Services (Sources)
In-store Success (Sources
Factory Outlet (Specialty)
Factors to be Considered in Editing (Buying)
6. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Catalog Showroom (Specialty)
Some samples may never be mass produced
Buyer (Merchandising; Retail Stores)
Hypermarkets (Specialty
7. Market area - Assists specialized (central) buyer
Buyer (Retail Merchandising)
Tokyo (Global Fashion Centers
Dollar Merchandise Plan
Resident Buyer (Path for Buyers)
8. Responsible for a department/area
Buyer (Merchandising; Retail Stores)
Market Wee
Store within a Store
Factory Outlet (Specialty)
9. Typically 6 months prior to season
Market Wee
Trade Publications (Sources)
New York (Market Centers)
Factory Outlet (Specialty)
10. Develops clothing for actors in plays - movies - and television
Costume Designe
In-store Boutique
Catalog/Mail Order (Non-store Retai
Independently owned services
11. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Store Owned Organizations (Product Development Organizations
Hypermarkets (Specialty
Department Store (Characteristics)
Specialized Store Buyer (Path for Buyers)
12. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
De
Discount Store (Specialty)
Product Development
Sources of Information (Retail Merchandising)
13. Most aware of what is selling (bias)
London (Global Fashion Centers)
Vendors (Sources)
Image (Advertising)
Minor Fashion Industries (Global Fashion Centers)
14. Sometimes called the 6 month plan - Balances planned stock and planned sales in dollars - Previous 6 months plan is used as a guideline
Dollar Merchandise Plan
Factors to be Considered in Editing (Buying)
Twig (Classifications; Department Store)
Direct Selling (Non-store Retailing)
15. 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
Breadt
Broad-based Business Consulting Services
Resident Buyer
Buyer (Retail Merchandising)
16. 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
Using Resident Buying Offices (Sources)
Central Buyer (Path for Buyers)
Merchandise/Promotional (Advertising)
17. Image Merchandise/promotional -advertising agencies bid for client accounts
Sources of Information (Retail Merchandising)
In-store Boutique
Wholesale Warehouse Clubs (Specialty)
Two basic kinds of ratail advertising
18. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line
Paris (Global Fashion Centers)
GMM (Merchandising; Retail Stores)
Merchandisi
Flagship (Classifications; Department Store)
19. Not paid for by the retailer and the retailer doesn't have control over what is said
Breadt
Publicity
Central Buyer (Path for Buyers)
Trade Associations (Sources)
20. Located in market
Using Resident Buying Offices (Sources)
Limitations of regional marts
Trade Publications (Sources)
Image (Promotion)
21. Responsible for several areas
Elements of Dollar Merchandize Plan
Shortage (Dollar Merchandise Plan)
DMM (Merchandising; Retail Store
Merchandisi
22. WWD - DNR - stores (consumer fashion magazines)
Private Label
Shortage (Dollar Merchandise Plan)
Trade Publications (Sources)
Factors in Selecting a Resource (Buying
23. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
Look at offerings and need out and refine their line
Paths for Buyers
Sources of Merchandise (Buying)
Terms to be Negotiated (Buying)
24. Manufacturers may not always produce everything they show in regional market (even if orders have been placed) - May not have many new manufacturers
Shopping the Stores (Sources)
Overbought
Product Development
Limitations of regional marts
25. Focus specifically on product
De
In-store Success (Sources
New York (Market Centers)
Merchandise/Promotional (Advertising)
26. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Shopping the Stores (Sources)
Discount Store (Specialty)
Product Development
Specialty Store
27. Cotton Inc. - Wool Bureau
Central Buyer (Path for Buyers)
Trade Associations (Sources)
Publicity
DMM (Merchandising; Retail Store
28. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Direct Selling (Non-store Retailing)
Merchandisi
Buyer (Retail Merchandising)
Look at offerings and need out and refine their line
29. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Independently owned services
Overbought
Terms to be Negotiated (Buying)
Catalog/Mail Order (Non-store Retai
30. Menswear
Buyer (Merchandising; Retail Stores)
Broad-based Business Consulting Services
Sources of Information (Retail Merchandising)
London (Global Fashion Centers)
31. Sales records - Sales people
New York (Market Centers)
In-store Success (Sources
Catalog Showroom (Specialty)
Specialized Store Buyer (Path for Buyers)
32. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Gross Margin Percentage (Dollar Merchandise Plan)
Trade Associations (Sources)
Dallas
Overbought
33. Ads; focuses on business itself
Breadt
Image (Advertising)
De
Dallas
34. Figure that tells the frequency with which the stock has been sold and replaced - Goal: increase turn = keep merchandise moving
Specialty Store
Store Owned Organizations (Product Development Organizations
Turnover (Dollar Merchandise Plan)
Tokyo (Global Fashion Centers
35. Sourcing - Logistics related to - importing - Managing information systems
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36. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Confined merchandis
Store within a Store
Specialized Store Buyer (Path for Buyers)
New York (Market Centers)
37. Small specialized store of a department store
Vendors (Sources)
Merchandise Assortment Planning
Twig (Classifications; Department Store)
Promotio
38. Small operation
Stylist
Resident Buyer
Store Owner (Path for Buyers)
Costume Designe
39. Pay a fee for what are supposed to be wholesale prices
Wholesale Warehouse Clubs (Specialty)
Image (Advertising)
Elements of Dollar Merchandize Plan
Confined merchandis
40. Door-to-door or house parties
Direct Selling (Non-store Retailing)
Resident Buyer
Trade Publications (Sources)
Trade Associations (Sources)
41. Small area within a store for designers or popular manufacturers
Personal Shopper
In-store Boutique
Specialized Store Buyer (Path for Buyers)
Flagship (Classifications; Department Store)
42. Merchandising - Buying - Product Development Organizations
Tokyo (Global Fashion Centers
Independently owned services
Milan (Global Fashion Centers)
Business Consultant's Services
43. Money left to buy- when merchandise NEEDS to exceed merchandise available
Store within a Store
OB
Private Label
Lower prices
44. Number of different items offered
Trade Publications (Sources)
Breadt
Dollar Merchandise Plan
Market Wee
45. 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
Regional Marts
Milan (Global Fashion Centers)
Store Owned Organizations (Product Development Organizations
Private Label
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
Catalog Showroom (Specialty)
Store Owned Organizations (Product Development Organizations
Some samples may never be mass produced
Electronic Retailing (Non-store Retailing)
47. Focuses on management and market research
Management Consultants (Consulting Services)
DMM (Merchandising; Retail Store
Store within a Store
Two basic kinds of ratail advertising
48. Mass - staples
Dollar Merchandise Plan
Tokyo (Global Fashion Centers
Advertising
GMM (Merchandising; Retail Stores)
49. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Image (Advertising)
Franchise
Open-to-buy (Dollar Merchandise Plan)
New York (Market Centers)
50. Current information on trends
Reporting Services (Sources)
Hypermarkets (Specialty
Central Buyer (Path for Buyers)
Dallas