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. Management consultants - Technical consultants - Import and export consultants
Broad-based Business Consulting Services
Trade Associations (Sources)
Store within a Store
Paris (Global Fashion Centers)
2. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Lower prices
Department Store (Characteristics)
Factory Outlet (Specialty)
Buyer (Retail Merchandising)
3. Image Merchandise/promotional -advertising agencies bid for client accounts
Independently Owed (Product Development Organizations)
Store Owned Organizations (Product Development Organizations
Two basic kinds of ratail advertising
Open-to-buy (Dollar Merchandise Plan)
4. When merchandise (inventory and ordered) is GREATER than need
Twig (Classifications; Department Store)
Advertising
Overbought
Store Ownership Group
5. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
In-store Success (Sources
Product Development
Paths for Buyers
Confined merchandis
6. Responsible for a department/area
New York (Market Centers)
Image (Promotion)
Buyer (Merchandising; Retail Stores)
Trade Associations (Sources)
7. Sales records - Sales people
Buyer (Retail Merchandising)
Dallas
In-store Success (Sources
Image (Promotion)
8. Responsible for several areas
Regional Marts
Catalog Showroom (Specialty)
DMM (Merchandising; Retail Store
Look at offerings and need out and refine their line
9. Responsible for establishing the store's image
Twig (Classifications; Department Store)
Shortage (Dollar Merchandise Plan)
GMM (Merchandising; Retail Stores)
Sources of Information (Retail Merchandising)
10. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Hypermarkets (Specialty
Dollar Merchandise Plan
Trade Associations (Sources)
Management Consultants (Consulting Services)
11. Focuses on management and market research
Regional Marts
Gross Margin Percentage (Dollar Merchandise Plan)
Management Consultants (Consulting Services)
Paths for Buyers
12. Buying - selling - and planning of merchandise
Image (Advertising)
Turnover (Dollar Merchandise Plan)
Dollar Merchandise Plan
Merchandisi
13. Focus specifically on product
Direct Selling (Non-store Retailing)
Wholesale Warehouse Clubs (Specialty)
Merchandise/Promotional (Advertising)
Market
14. Mass - staples
Variety Store (Specialty)
Buyer (Retail Merchandising)
Merchandise/Promotional (Advertising)
Tokyo (Global Fashion Centers
15. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Paris (Global Fashion Centers)
Sources of Merchandise (Buying)
Some samples may never be mass produced
Discount Store (Specialty)
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
Trade Associations (Sources)
Advertising
Market Research (Sources)
Chain Store
17. Pay a fee for what are supposed to be wholesale prices
Tokyo (Global Fashion Centers
Catalog/Mail Order (Non-store Retai
Wholesale Warehouse Clubs (Specialty)
Central Buyer (Path for Buyers)
18. Merchandising - Buying - Product Development Organizations
Market Research (Sources)
Terms to be Negotiated (Buying)
Independently owned services
Chain Store
19. Store's own label for career and casual sportswear; prices vary (better to moderate)
Factory Outlet (Specialty)
De
Stylist
Private Label
20. Variety of low priced merchandise
Wholesale Warehouse Clubs (Specialty)
Business Consultant's Services
Specialty Store
Variety Store (Specialty)
21. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
Terms to be Negotiated (Buying)
Shortage (Dollar Merchandise Plan)
Trade Publications (Sources)
Sources of Information (Retail Merchandising)
22. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Specialty Store
Buyer (Retail Merchandising)
Open-to-buy (Dollar Merchandise Plan)
Store Owner (Path for Buyers)
23. 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
Confined merchandis
Store Owned Organizations (Product Development Organizations
Some samples may never be mass produced
Paris (Global Fashion Centers)
24. Specialize in brand and designer name clothing at discounted prices
Factors to be Considered in Editing (Buying)
Off-Price Store (Specialty)
Breadt
Flagship (Classifications; Department Store)
25. Cotton Inc. - Wool Bureau
Factors in Selecting a Resource (Buying
Paris (Global Fashion Centers)
Terms to be Negotiated (Buying)
Trade Associations (Sources)
26. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
New York (Market Centers)
Open-to-buy (Dollar Merchandise Plan)
Los Angeles
Central Buyer (Path for Buyers)
27. Largest portion of promotion budget (approx. 1.3% of sales) - Planning - writing - design - and scheduling of paid announcements
Advertising
Independently Owed (Product Development Organizations)
DMM (Merchandising; Retail Store
Buyers Attend Market
28. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Store within a Store
Shortage (Dollar Merchandise Plan)
Business Consultant's Services
Publicity
29. Selling responsibilities
Flagship (Classifications; Department Store)
Specialized Store Buyer (Path for Buyers)
Buyer (Retail Merchandising)
Off-Price Store (Specialty)
30. Figure that tells the frequency with which the stock has been sold and replaced - Goal: increase turn = keep merchandise moving
Buyer (Retail Merchandising)
Buyers Attend Market
Central Buyer (Path for Buyers)
Turnover (Dollar Merchandise Plan)
31. Market area - Assists specialized (central) buyer
Market Wee
Sources of Information (Retail Merchandising)
Resident Buyer (Path for Buyers)
DMM (Merchandising; Retail Store
32. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
DMM (Merchandising; Retail Store
Private Label
Confined merchandis
Electronic Retailing (Non-store Retailing)
33. WWD - DNR - stores (consumer fashion magazines)
In-store Boutique
Merchandise/Promotional (Advertising)
Product Development
Trade Publications (Sources)
34. Not paid for by the retailer and the retailer doesn't have control over what is said
Publicity
Discount Store (Specialty)
Department Store (Characteristics)
Buyers Attend Market
35. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Two basic kinds of ratail advertising
Independently Owed (Product Development Organizations)
Catalog/Mail Order (Non-store Retai
Vendors (Sources)
36. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Business Consultant's Services
Buyer (Retail Merchandising)
Product Development
Dollar Merchandise Plan
37. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Publicity
Sources of Merchandise (Buying)
Factors in Selecting a Resource (Buying
Personal Shopper
38. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Independently Owed (Product Development Organizations)
Off-Price Store (Specialty)
Look at offerings and need out and refine their line
Limitations of regional marts
39. Focuses on the business itself
Merchandise/Promotional (Advertising)
Market Wee
Image (Promotion)
Open-to-buy (Dollar Merchandise Plan)
40. 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
Buyer (Retail Merchandising)
Resident Buyer
Stylist
Specialty Store
41. Ads; focuses on business itself
In-store Success (Sources
Confined merchandis
Using Resident Buying Offices (Sources)
Image (Advertising)
42. Order from catalog and pick up immediately
Catalog Showroom (Specialty)
Stylist
Market
Buyer (Retail Merchandising)
43. Shoplifting - internal theft - inaccurate records
Wholesale Warehouse Clubs (Specialty)
Buyer (Merchandising; Retail Stores)
Shortage (Dollar Merchandise Plan)
Some samples may never be mass produced
44. Store owner - Specialized store buyer - Central buyer - Resident buyer
Paths for Buyers
Discount Store (Specialty)
Elements of Dollar Merchandize Plan
Costume Designe
45. 2nd largest leasing space available
Minor Fashion Industries (Global Fashion Centers)
Tokyo (Global Fashion Centers
Factors to be Considered in Editing (Buying)
Los Angeles
46. Merchandising offerings - Appropriate for customers
Personal Shopper
Advertising
Factors in Selecting a Resource (Buying
In-store Boutique
47. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Gross Margin Percentage (Dollar Merchandise Plan)
Store Owner (Path for Buyers)
Electronic Retailing (Non-store Retailing)
Overbought
48. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
Twig (Classifications; Department Store)
Shortage (Dollar Merchandise Plan)
Product Development
Stylist
49. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Personal Shopper
Vendors (Sources)
Market
Franchise
50. Money left to buy- when merchandise NEEDS to exceed merchandise available
Image (Promotion)
OB
Direct Selling (Non-store Retailing)
Store Owner (Path for Buyers)