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. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
Store Ownership Group
Tokyo (Global Fashion Centers
Dallas
Merchandise Assortment Planning
2. Typically 6 months prior to season
Market Wee
Costume Designe
Electronic Retailing (Non-store Retailing)
Terms to be Negotiated (Buying)
3. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Costume Designe
Product Development
Limitations of regional marts
Wholesale Warehouse Clubs (Specialty)
4. Focus specifically on product
Store Owner (Path for Buyers)
Confined merchandis
Merchandise/Promotional (Advertising)
Management Consultants (Consulting Services)
5. Specialize in brand and designer name clothing at discounted prices
Trade Associations (Sources)
Off-Price Store (Specialty)
Merchandise/Promotional (Advertising)
Some samples may never be mass produced
6. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Electronic Retailing (Non-store Retailing)
Factory Outlet (Specialty)
Chain Store
Store Ownership Group
7. Market area - Assists specialized (central) buyer
Factors to be Considered in Editing (Buying)
Resident Buyer (Path for Buyers)
Shopping the Stores (Sources)
Private Label
8. Buying - selling - and planning of merchandise
Merchandisi
Management Consultants (Consulting Services)
Catalog/Mail Order (Non-store Retai
Franchise
9. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Sources of Information (Retail Merchandising)
Direct Selling (Non-store Retailing)
Promotio
Discount Store (Specialty)
10. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Merchandise Assortment Planning
Dollar Merchandise Plan
DMM (Merchandising; Retail Store
Trade Associations (Sources)
11. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
Sources of Information (Retail Merchandising)
Store Ownership Group
Twig (Classifications; Department Store)
Stylist
12. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
In-store Success (Sources
Sources of Information (Retail Merchandising)
Regional Marts
Breadt
13. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Dollar Merchandise Plan
Franchise
Twig (Classifications; Department Store)
Minor Fashion Industries (Global Fashion Centers)
14. Develops clothing for actors in plays - movies - and television
Business Consultant's Services
Costume Designe
Using Resident Buying Offices (Sources)
Shopping the Stores (Sources)
15. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Elements of Dollar Merchandize Plan
Specialty Store
Dallas
Merchandisi
16. Sometimes called the 6 month plan - Balances planned stock and planned sales in dollars - Previous 6 months plan is used as a guideline
Look at offerings and need out and refine their line
Broad-based Business Consulting Services
Dollar Merchandise Plan
Electronic Retailing (Non-store Retailing)
17. Pay a fee for what are supposed to be wholesale prices
Buyer (Merchandising; Retail Stores)
Paths for Buyers
Advertising
Wholesale Warehouse Clubs (Specialty)
18. Television or computer shopping
Market Research (Sources)
Electronic Retailing (Non-store Retailing)
Central Buyer (Path for Buyers)
Elements of Dollar Merchandize Plan
19. 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
20. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Broad-based Business Consulting Services
Store Ownership Group
Variety Store (Specialty)
Open-to-buy (Dollar Merchandise Plan)
21. Where store execs are housed
Regional Marts
Turnover (Dollar Merchandise Plan)
Flagship (Classifications; Department Store)
Broad-based Business Consulting Services
22. Largest portion of promotion budget (approx. 1.3% of sales) - Planning - writing - design - and scheduling of paid announcements
Catalog/Mail Order (Non-store Retai
Shortage (Dollar Merchandise Plan)
Overbought
Advertising
23. Large number of resources centered in 7th Avenue area - Largest and most important domestically
Shortage (Dollar Merchandise Plan)
Factory Outlet (Specialty)
New York (Market Centers)
Gross Margin Percentage (Dollar Merchandise Plan)
24. Responsible for establishing the store's image
Look at offerings and need out and refine their line
GMM (Merchandising; Retail Stores)
Promotio
Vendors (Sources)
25. Image Merchandise/promotional -advertising agencies bid for client accounts
Branch (Classifications; Department Store
Paris (Global Fashion Centers)
Two basic kinds of ratail advertising
Shopping the Stores (Sources)
26. Italian fashion - Knits - Shoes - Menswear
Milan (Global Fashion Centers)
Stylist
Merchandisi
Store Owned Organizations (Product Development Organizations
27. Variety of low priced merchandise
Shopping the Stores (Sources)
Buyer (Merchandising; Retail Stores)
Variety Store (Specialty)
Open-to-buy (Dollar Merchandise Plan)
28. When merchandise (inventory and ordered) is GREATER than need
In-store Boutique
Store Owned Organizations (Product Development Organizations
Buyers Attend Market
Overbought
29. Focuses on management and market research
Sources of Information (Retail Merchandising)
Los Angeles
Management Consultants (Consulting Services)
Two basic kinds of ratail advertising
30. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
Market
Open-to-buy (Dollar Merchandise Plan)
Look at offerings and need out and refine their line
Trade Associations (Sources)
31. Germany - Spain - Eastern Block
Store Ownership Group
Private Label
Hypermarkets (Specialty
Minor Fashion Industries (Global Fashion Centers)
32. Figure that tells the frequency with which the stock has been sold and replaced - Goal: increase turn = keep merchandise moving
Product Development
Costume Designe
Vendors (Sources)
Turnover (Dollar Merchandise Plan)
33. Responsible for a department/area
Direct Selling (Non-store Retailing)
DMM (Merchandising; Retail Store
Buyer (Merchandising; Retail Stores)
Hypermarkets (Specialty
34. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Using Resident Buying Offices (Sources)
Gross Margin Percentage (Dollar Merchandise Plan)
Resident Buyer (Path for Buyers)
Open-to-buy (Dollar Merchandise Plan)
35. 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
Buyer (Merchandising; Retail Stores)
Discount Store (Specialty)
Chain Store
Two basic kinds of ratail advertising
36. WWD - DNR - stores (consumer fashion magazines)
Confined merchandis
Trade Publications (Sources)
Discount Store (Specialty)
Hypermarkets (Specialty
37. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Factors to be Considered in Editing (Buying)
Store Owned Organizations (Product Development Organizations
New York (Market Centers)
GMM (Merchandising; Retail Stores)
38. Small operation
Trade Publications (Sources)
Store Owner (Path for Buyers)
Minor Fashion Industries (Global Fashion Centers)
Management Consultants (Consulting Services)
39. Door-to-door or house parties
Department Store (Characteristics)
Elements of Dollar Merchandize Plan
Image (Promotion)
Direct Selling (Non-store Retailing)
40. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Elements of Dollar Merchandize Plan
Store Owner (Path for Buyers)
DMM (Merchandising; Retail Store
Management Consultants (Consulting Services)
41. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Central Buyer (Path for Buyers)
Department Store (Characteristics)
Limitations of regional marts
Confined merchandis
42. Manufacturers may not always produce everything they show in regional market (even if orders have been placed) - May not have many new manufacturers
Sources of Information (Retail Merchandising)
Breadt
Store Owner (Path for Buyers)
Limitations of regional marts
43. Store owner - Specialized store buyer - Central buyer - Resident buyer
Market Wee
Regional Marts
Paths for Buyers
Resident Buyer (Path for Buyers)
44. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line
OB
Elements of Dollar Merchandize Plan
Factors in Selecting a Resource (Buying
Paris (Global Fashion Centers)
45. Shoplifting - internal theft - inaccurate records
Shortage (Dollar Merchandise Plan)
Store Owner (Path for Buyers)
Direct Selling (Non-store Retailing)
Chain Store
46. Store's own label for career and casual sportswear; prices vary (better to moderate)
Milan (Global Fashion Centers)
Promotio
Private Label
New York (Market Centers)
47. Cotton Inc. - Wool Bureau
OB
Using Resident Buying Offices (Sources)
Trade Associations (Sources)
Store within a Store
48. 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)
Resident Buyer
Direct Selling (Non-store Retailing)
Franchise
49. Number of different items offered
Business Consultant's Services
Twig (Classifications; Department Store)
Breadt
Promotio
50. Located in market
Using Resident Buying Offices (Sources)
Look at offerings and need out and refine their line
Private Label
Resident Buyer (Path for Buyers)