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. Chain
Central Buyer (Path for Buyers)
New York (Market Centers)
In-store Boutique
Sources of Merchandise (Buying)
2. Focuses on management and market research
Off-Price Store (Specialty)
Wholesale Warehouse Clubs (Specialty)
Management Consultants (Consulting Services)
Merchandise/Promotional (Advertising)
3. Manufacturers may not always produce everything they show in regional market (even if orders have been placed) - May not have many new manufacturers
Limitations of regional marts
Factors to be Considered in Editing (Buying)
Store Owner (Path for Buyers)
Image (Promotion)
4. Current information on trends
Resident Buyer
Private Label
Buyers Attend Market
Reporting Services (Sources)
5. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
In-store Success (Sources
Some samples may never be mass produced
Independently Owed (Product Development Organizations)
Sources of Merchandise (Buying)
6. Merchandising - Buying - Product Development Organizations
OB
Independently owned services
Business Consultant's Services
Milan (Global Fashion Centers)
7. Where store execs are housed
Image (Advertising)
Flagship (Classifications; Department Store)
Private Label
Open-to-buy (Dollar Merchandise Plan)
8. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Gross Margin Percentage (Dollar Merchandise Plan)
Confined merchandis
Factors to be Considered in Editing (Buying)
Market
9. Focuses on the business itself
Hypermarkets (Specialty
Sources of Information (Retail Merchandising)
Trade Associations (Sources)
Image (Promotion)
10. Italian fashion - Knits - Shoes - Menswear
Shopping the Stores (Sources)
Costume Designe
Milan (Global Fashion Centers)
Hypermarkets (Specialty
11. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
Terms to be Negotiated (Buying)
Look at offerings and need out and refine their line
Product Development
Off-Price Store (Specialty)
12. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Merchandisi
Open-to-buy (Dollar Merchandise Plan)
Factory Outlet (Specialty)
Buyer (Retail Merchandising)
13. Germany - Spain - Eastern Block
Discount Store (Specialty)
Minor Fashion Industries (Global Fashion Centers)
Direct Selling (Non-store Retailing)
Catalog/Mail Order (Non-store Retai
14. Number of different items offered
Chain Store
Breadt
Image (Promotion)
Milan (Global Fashion Centers)
15. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
New York (Market Centers)
Confined merchandis
Factors in Selecting a Resource (Buying
Los Angeles
16. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Hypermarkets (Specialty
Gross Margin Percentage (Dollar Merchandise Plan)
Merchandisi
DMM (Merchandising; Retail Store
17. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
Look at offerings and need out and refine their line
Stylist
Store Owner (Path for Buyers)
DMM (Merchandising; Retail Store
18. Variety of low priced merchandise
Management Consultants (Consulting Services)
Elements of Dollar Merchandize Plan
Variety Store (Specialty)
Independently owned services
19. Image Merchandise/promotional -advertising agencies bid for client accounts
GMM (Merchandising; Retail Stores)
Two basic kinds of ratail advertising
Product Development
Shortage (Dollar Merchandise Plan)
20. Pay a fee for what are supposed to be wholesale prices
Advertising
Buyers Attend Market
Wholesale Warehouse Clubs (Specialty)
Two basic kinds of ratail advertising
21. Ads; focuses on business itself
Catalog Showroom (Specialty)
Specialty Store
Image (Advertising)
Paths for Buyers
22. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Minor Fashion Industries (Global Fashion Centers)
Using Resident Buying Offices (Sources)
Chain Store
Catalog/Mail Order (Non-store Retai
23. Typically 6 months prior to season
Off-Price Store (Specialty)
Reporting Services (Sources)
Independently Owed (Product Development Organizations)
Market Wee
24. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Store Ownership Group
Some samples may never be mass produced
Breadt
Gross Margin Percentage (Dollar Merchandise Plan)
25. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
OB
Dollar Merchandise Plan
Business Consultant's Services
Factory Outlet (Specialty)
26. Large number of resources centered in 7th Avenue area - Largest and most important domestically
Franchise
Market Wee
GMM (Merchandising; Retail Stores)
New York (Market Centers)
27. Responsible for establishing the store's image
DMM (Merchandising; Retail Store
GMM (Merchandising; Retail Stores)
Branch (Classifications; Department Store
Look at offerings and need out and refine their line
28. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Limitations of regional marts
Store within a Store
Market Wee
Costume Designe
29. 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
30. Cotton Inc. - Wool Bureau
Buyers Attend Market
Factory Outlet (Specialty)
Trade Associations (Sources)
Image (Advertising)
31. Shoplifting - internal theft - inaccurate records
Store Owned Organizations (Product Development Organizations
Store Owner (Path for Buyers)
Product Development
Shortage (Dollar Merchandise Plan)
32. Store owner - Specialized store buyer - Central buyer - Resident buyer
Milan (Global Fashion Centers)
Sources of Merchandise (Buying)
Paths for Buyers
Private Label
33. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Lower prices
Independently Owed (Product Development Organizations)
Store Owned Organizations (Product Development Organizations
Buyers Attend Market
34. Market area - Assists specialized (central) buyer
Costume Designe
In-store Success (Sources
Resident Buyer (Path for Buyers)
Broad-based Business Consulting Services
35. Order from catalog and pick up immediately
Franchise
Catalog Showroom (Specialty)
Image (Promotion)
Market Wee
36. Menswear
Broad-based Business Consulting Services
Factors in Selecting a Resource (Buying
DMM (Merchandising; Retail Store
London (Global Fashion Centers)
37. When merchandise (inventory and ordered) is GREATER than need
Store Owned Organizations (Product Development Organizations
Overbought
Market Research (Sources)
Merchandise Assortment Planning
38. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Specialty Store
Paths for Buyers
Merchandise/Promotional (Advertising)
Promotio
39. Sometimes called the 6 month plan - Balances planned stock and planned sales in dollars - Previous 6 months plan is used as a guideline
Factory Outlet (Specialty)
Elements of Dollar Merchandize Plan
Stylist
Dollar Merchandise Plan
40. Focus specifically on product
Merchandise/Promotional (Advertising)
Buyer (Merchandising; Retail Stores)
Look at offerings and need out and refine their line
Trade Associations (Sources)
41. 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
Specialty Store
Buyer (Merchandising; Retail Stores)
Chain Store
GMM (Merchandising; Retail Stores)
42. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
Look at offerings and need out and refine their line
Direct Selling (Non-store Retailing)
Stylist
Store Ownership Group
43. Door-to-door or house parties
Milan (Global Fashion Centers)
Paths for Buyers
Direct Selling (Non-store Retailing)
Factors to be Considered in Editing (Buying)
44. Develops clothing for actors in plays - movies - and television
Costume Designe
Market Wee
Gross Margin Percentage (Dollar Merchandise Plan)
Stylist
45. 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
Catalog/Mail Order (Non-store Retai
Store within a Store
Merchandise/Promotional (Advertising)
Resident Buyer
46. Quantity of different items offered
Wholesale Warehouse Clubs (Specialty)
Catalog/Mail Order (Non-store Retai
De
Image (Promotion)
47. 2nd largest leasing space available
Factors to be Considered in Editing (Buying)
Los Angeles
Chain Store
Personal Shopper
48. Compare what is available from the competition
Buyers Attend Market
Look at offerings and need out and refine their line
Shopping the Stores (Sources)
Hypermarkets (Specialty
49. Management consultants - Technical consultants - Import and export consultants
Broad-based Business Consulting Services
Store Ownership Group
Factors in Selecting a Resource (Buying
Buyer (Retail Merchandising)
50. Selling responsibilities
Milan (Global Fashion Centers)
Paths for Buyers
Factors in Selecting a Resource (Buying
Specialized Store Buyer (Path for Buyers)