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Test your basic knowledge |
Fashion Merchandizing
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Subjects
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business-skills
,
industries
Instructions:
Answer 50 questions in 15 minutes.
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study here
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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. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
Image (Advertising)
Specialty Store
Terms to be Negotiated (Buying)
Private Label
2. Italian fashion - Knits - Shoes - Menswear
Buyers Attend Market
Merchandise/Promotional (Advertising)
Milan (Global Fashion Centers)
Store Owner (Path for Buyers)
3. Store's own label for career and casual sportswear; prices vary (better to moderate)
Catalog/Mail Order (Non-store Retai
Store within a Store
New York (Market Centers)
Private Label
4. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Trade Publications (Sources)
Catalog/Mail Order (Non-store Retai
Terms to be Negotiated (Buying)
Personal Shopper
5. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Paths for Buyers
Promotio
Image (Advertising)
Factors to be Considered in Editing (Buying)
6. Merchandising offerings - Appropriate for customers
Factors in Selecting a Resource (Buying
DMM (Merchandising; Retail Store
Store Ownership Group
Paris (Global Fashion Centers)
7. 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
Turnover (Dollar Merchandise Plan)
Overbought
Chain Store
In-store Boutique
8. Sales records - Sales people
Management Consultants (Consulting Services)
In-store Success (Sources
Merchandise/Promotional (Advertising)
De
9. Buying - selling - and planning of merchandise
Merchandisi
Milan (Global Fashion Centers)
Business Consultant's Services
Independently owned services
10. Door-to-door or house parties
De
Resident Buyer (Path for Buyers)
Image (Advertising)
Direct Selling (Non-store Retailing)
11. Quantity of different items offered
De
Terms to be Negotiated (Buying)
Advertising
Merchandisi
12. 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
Factors in Selecting a Resource (Buying
Milan (Global Fashion Centers)
Variety Store (Specialty)
Buyers Attend Market
13. Most aware of what is selling (bias)
Factory Outlet (Specialty)
OB
DMM (Merchandising; Retail Store
Vendors (Sources)
14. Number of different items offered
Breadt
Market Research (Sources)
Direct Selling (Non-store Retailing)
Buyers Attend Market
15. Larger orders may allow for...
Buyers Attend Market
Los Angeles
Lower prices
Dallas
16. Cotton Inc. - Wool Bureau
Trade Associations (Sources)
Paths for Buyers
Independently Owed (Product Development Organizations)
Store within a Store
17. Focuses on management and market research
Broad-based Business Consulting Services
GMM (Merchandising; Retail Stores)
Management Consultants (Consulting Services)
Central Buyer (Path for Buyers)
18. WWD - DNR - stores (consumer fashion magazines)
Personal Shopper
Publicity
Trade Publications (Sources)
Elements of Dollar Merchandize Plan
19. Germany - Spain - Eastern Block
Product Development
Los Angeles
Minor Fashion Industries (Global Fashion Centers)
Market
20. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Limitations of regional marts
Factors in Selecting a Resource (Buying
Department Store (Characteristics)
Franchise
21. Order from catalog and pick up immediately
Sources of Information (Retail Merchandising)
Catalog Showroom (Specialty)
Publicity
Regional Marts
22. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Buyer (Retail Merchandising)
Shortage (Dollar Merchandise Plan)
Buyers Attend Market
De
23. When merchandise (inventory and ordered) is GREATER than need
Terms to be Negotiated (Buying)
Management Consultants (Consulting Services)
Breadt
Overbought
24. Focuses on a particular item or product
Promotio
Image (Advertising)
Buyer (Retail Merchandising)
Catalog/Mail Order (Non-store Retai
25. Responsible for a department/area
Shortage (Dollar Merchandise Plan)
Minor Fashion Industries (Global Fashion Centers)
Paris (Global Fashion Centers)
Buyer (Merchandising; Retail Stores)
26. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Sources of Merchandise (Buying)
Product Development
Off-Price Store (Specialty)
Trade Publications (Sources)
27. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Sources of Merchandise (Buying)
Department Store (Characteristics)
Private Label
Turnover (Dollar Merchandise Plan)
28. Mass - staples
Costume Designe
DMM (Merchandising; Retail Store
Sources of Merchandise (Buying)
Tokyo (Global Fashion Centers
29. People who shop for clients
Personal Shopper
Flagship (Classifications; Department Store)
New York (Market Centers)
Store within a Store
30. Specialize in brand and designer name clothing at discounted prices
Milan (Global Fashion Centers)
Off-Price Store (Specialty)
Sources of Merchandise (Buying)
Electronic Retailing (Non-store Retailing)
31. Shoplifting - internal theft - inaccurate records
Merchandise Assortment Planning
Shortage (Dollar Merchandise Plan)
Chain Store
Store Owned Organizations (Product Development Organizations
32. Store open another facility in a different location - often in suburbs
Catalog/Mail Order (Non-store Retai
Using Resident Buying Offices (Sources)
Buyers Attend Market
Branch (Classifications; Department Store
33. 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
Wholesale Warehouse Clubs (Specialty)
Market
34. Conduct own research
Sources of Merchandise (Buying)
Market Research (Sources)
Factory Outlet (Specialty)
Merchandise/Promotional (Advertising)
35. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Minor Fashion Industries (Global Fashion Centers)
Store Owner (Path for Buyers)
Hypermarkets (Specialty
Gross Margin Percentage (Dollar Merchandise Plan)
36. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Broad-based Business Consulting Services
Factors to be Considered in Editing (Buying)
Factory Outlet (Specialty)
Management Consultants (Consulting Services)
37. Responsible for several areas
Image (Advertising)
Personal Shopper
DMM (Merchandising; Retail Store
Merchandise Assortment Planning
38. Focus specifically on product
Store Ownership Group
Merchandise/Promotional (Advertising)
Catalog/Mail Order (Non-store Retai
Department Store (Characteristics)
39. Merchandising - Buying - Product Development Organizations
Confined merchandis
Hypermarkets (Specialty
Independently owned services
Los Angeles
40. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
Business Consultant's Services
Merchandise/Promotional (Advertising)
Sources of Information (Retail Merchandising)
Reporting Services (Sources)
41. Not paid for by the retailer and the retailer doesn't have control over what is said
Lower prices
Private Label
Specialized Store Buyer (Path for Buyers)
Publicity
42. Large number of resources centered in 7th Avenue area - Largest and most important domestically
Buyers Attend Market
Off-Price Store (Specialty)
New York (Market Centers)
Vendors (Sources)
43. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Chain Store
Advertising
Independently Owed (Product Development Organizations)
Minor Fashion Industries (Global Fashion Centers)
44. Compare what is available from the competition
Shopping the Stores (Sources)
Stylist
Hypermarkets (Specialty
Open-to-buy (Dollar Merchandise Plan)
45. Manufacturers Attend Market to...
Look at offerings and need out and refine their line
Factory Outlet (Specialty)
In-store Boutique
Regional Marts
46. 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
Factors to be Considered in Editing (Buying)
Regional Marts
Promotio
Catalog/Mail Order (Non-store Retai
47. Small operation
Variety Store (Specialty)
Buyer (Retail Merchandising)
Resident Buyer
Store Owner (Path for Buyers)
48. 2nd largest leasing space available
Resident Buyer
Los Angeles
Store Owner (Path for Buyers)
Gross Margin Percentage (Dollar Merchandise Plan)
49. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
Two basic kinds of ratail advertising
Confined merchandis
Regional Marts
Personal Shopper
50. Regional center for bridal - evening wear
Dallas
Flagship (Classifications; Department Store)
Open-to-buy (Dollar Merchandise Plan)
DMM (Merchandising; Retail Store
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