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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. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line
Costume Designe
Store Owned Organizations (Product Development Organizations
Paris (Global Fashion Centers)
Store Ownership Group
2. 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
De
Regional Marts
Some samples may never be mass produced
Twig (Classifications; Department Store)
3. Small specialized store of a department store
Trade Associations (Sources)
Buyer (Merchandising; Retail Stores)
Department Store (Characteristics)
Twig (Classifications; Department Store)
4. People who shop for clients
Product Development
Personal Shopper
Branch (Classifications; Department Store
Merchandisi
5. Buying - selling - and planning of merchandise
Dallas
Two basic kinds of ratail advertising
Merchandisi
Independently owned services
6. Television or computer shopping
DMM (Merchandising; Retail Store
Advertising
Electronic Retailing (Non-store Retailing)
In-store Boutique
7. Small area within a store for designers or popular manufacturers
New York (Market Centers)
Resident Buyer
In-store Boutique
Turnover (Dollar Merchandise Plan)
8. Focuses on the business itself
Image (Promotion)
Store Owned Organizations (Product Development Organizations
Merchandisi
Paris (Global Fashion Centers)
9. 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
Catalog Showroom (Specialty)
Buyers Attend Market
Stylist
Franchise
10. Sourcing - Logistics related to - importing - Managing information systems
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11. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
Factory Outlet (Specialty)
Store Ownership Group
Milan (Global Fashion Centers)
Elements of Dollar Merchandize Plan
12. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Department Store (Characteristics)
London (Global Fashion Centers)
Franchise
Factory Outlet (Specialty)
13. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Terms to be Negotiated (Buying)
Franchise
Overbought
Personal Shopper
14. Not paid for by the retailer and the retailer doesn't have control over what is said
Off-Price Store (Specialty)
Publicity
Regional Marts
In-store Boutique
15. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Open-to-buy (Dollar Merchandise Plan)
Direct Selling (Non-store Retailing)
Breadt
Management Consultants (Consulting Services)
16. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Product Development
Independently owned services
London (Global Fashion Centers)
Market Research (Sources)
17. Responsible for establishing the store's image
Image (Promotion)
GMM (Merchandising; Retail Stores)
Personal Shopper
Lower prices
18. Merchandising - Buying - Product Development Organizations
Independently owned services
In-store Success (Sources
Catalog/Mail Order (Non-store Retai
Look at offerings and need out and refine their line
19. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Paris (Global Fashion Centers)
Merchandise Assortment Planning
Milan (Global Fashion Centers)
Wholesale Warehouse Clubs (Specialty)
20. Image Merchandise/promotional -advertising agencies bid for client accounts
Two basic kinds of ratail advertising
Some samples may never be mass produced
Broad-based Business Consulting Services
Merchandisi
21. Large number of resources centered in 7th Avenue area - Largest and most important domestically
Twig (Classifications; Department Store)
Private Label
Personal Shopper
New York (Market Centers)
22. Market area - Assists specialized (central) buyer
Off-Price Store (Specialty)
Lower prices
Resident Buyer (Path for Buyers)
Central Buyer (Path for Buyers)
23. Number of different items offered
Turnover (Dollar Merchandise Plan)
In-store Boutique
Breadt
Market
24. Regional center for bridal - evening wear
Hypermarkets (Specialty
Elements of Dollar Merchandize Plan
Dallas
Sources of Merchandise (Buying)
25. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Dollar Merchandise Plan
Shortage (Dollar Merchandise Plan)
Specialty Store
Terms to be Negotiated (Buying)
26. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Minor Fashion Industries (Global Fashion Centers)
Store within a Store
De
Shortage (Dollar Merchandise Plan)
27. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
GMM (Merchandising; Retail Stores)
Merchandise Assortment Planning
Market
Using Resident Buying Offices (Sources)
28. Management consultants - Technical consultants - Import and export consultants
Vendors (Sources)
Broad-based Business Consulting Services
Buyer (Retail Merchandising)
Store Owner (Path for Buyers)
29. Focuses on a particular item or product
Central Buyer (Path for Buyers)
Catalog Showroom (Specialty)
Turnover (Dollar Merchandise Plan)
Promotio
30. Sales records - Sales people
Store Ownership Group
Stylist
Independently owned services
In-store Success (Sources
31. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
Trade Publications (Sources)
Independently owned services
Factors to be Considered in Editing (Buying)
Confined merchandis
32. Focus specifically on product
Variety Store (Specialty)
Merchandise/Promotional (Advertising)
Business Consultant's Services
Merchandise Assortment Planning
33. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Store within a Store
Hypermarkets (Specialty
Independently Owed (Product Development Organizations)
Resident Buyer (Path for Buyers)
34. WWD - DNR - stores (consumer fashion magazines)
Dollar Merchandise Plan
New York (Market Centers)
Trade Publications (Sources)
Paths for Buyers
35. Typically 6 months prior to season
Franchise
Market Wee
Specialty Store
Hypermarkets (Specialty
36. Largest portion of promotion budget (approx. 1.3% of sales) - Planning - writing - design - and scheduling of paid announcements
Open-to-buy (Dollar Merchandise Plan)
Image (Promotion)
De
Advertising
37. Responsible for several areas
DMM (Merchandising; Retail Store
In-store Boutique
Trade Associations (Sources)
Central Buyer (Path for Buyers)
38. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Trade Associations (Sources)
Resident Buyer (Path for Buyers)
Open-to-buy (Dollar Merchandise Plan)
Store Owned Organizations (Product Development Organizations
39. Quantity of different items offered
De
London (Global Fashion Centers)
Market
Open-to-buy (Dollar Merchandise Plan)
40. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Costume Designe
Milan (Global Fashion Centers)
Open-to-buy (Dollar Merchandise Plan)
Sources of Merchandise (Buying)
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
Private Label
Broad-based Business Consulting Services
Chain Store
Paris (Global Fashion Centers)
42. Money left to buy- when merchandise NEEDS to exceed merchandise available
OB
Catalog/Mail Order (Non-store Retai
Overbought
Specialty Store
43. Store's own label for career and casual sportswear; prices vary (better to moderate)
Business Consultant's Services
Stylist
Paths for Buyers
Private Label
44. Focuses on management and market research
Broad-based Business Consulting Services
De
Buyer (Merchandising; Retail Stores)
Management Consultants (Consulting Services)
45. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
New York (Market Centers)
Sources of Information (Retail Merchandising)
De
Costume Designe
46. 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
Confined merchandis
Resident Buyer
OB
Merchandisi
47. Order from catalog and pick up immediately
Shortage (Dollar Merchandise Plan)
Catalog Showroom (Specialty)
Breadt
Store Ownership Group
48. Shoplifting - internal theft - inaccurate records
Independently owned services
Twig (Classifications; Department Store)
Shortage (Dollar Merchandise Plan)
Department Store (Characteristics)
49. Located in market
Market Research (Sources)
Factors in Selecting a Resource (Buying
Using Resident Buying Offices (Sources)
Electronic Retailing (Non-store Retailing)
50. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Management Consultants (Consulting Services)
Los Angeles
Discount Store (Specialty)
Two basic kinds of ratail advertising