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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. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Specialty Store
Two basic kinds of ratail advertising
Factors in Selecting a Resource (Buying
Hypermarkets (Specialty
2. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Twig (Classifications; Department Store)
Resident Buyer (Path for Buyers)
Factory Outlet (Specialty)
Two basic kinds of ratail advertising
3. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Store Owner (Path for Buyers)
Promotio
Regional Marts
Sources of Merchandise (Buying)
4. Pay a fee for what are supposed to be wholesale prices
DMM (Merchandising; Retail Store
Department Store (Characteristics)
Private Label
Wholesale Warehouse Clubs (Specialty)
5. Conduct own research
Chain Store
Dollar Merchandise Plan
Los Angeles
Market Research (Sources)
6. Most aware of what is selling (bias)
Resident Buyer
Vendors (Sources)
London (Global Fashion Centers)
Twig (Classifications; Department Store)
7. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Turnover (Dollar Merchandise Plan)
Personal Shopper
Catalog/Mail Order (Non-store Retai
Twig (Classifications; Department Store)
8. Money left to buy- when merchandise NEEDS to exceed merchandise available
Buyer (Retail Merchandising)
Electronic Retailing (Non-store Retailing)
Stylist
OB
9. Small specialized store of a department store
Twig (Classifications; Department Store)
In-store Boutique
Franchise
Product Development
10. Sales records - Sales people
Market Wee
Central Buyer (Path for Buyers)
Buyers Attend Market
In-store Success (Sources
11. Store open another facility in a different location - often in suburbs
Off-Price Store (Specialty)
Branch (Classifications; Department Store
Using Resident Buying Offices (Sources)
In-store Success (Sources
12. Buying - selling - and planning of merchandise
Using Resident Buying Offices (Sources)
Merchandisi
Two basic kinds of ratail advertising
Regional Marts
13. People who shop for clients
Store Ownership Group
Independently owned services
Sources of Merchandise (Buying)
Personal Shopper
14. Store's own label for career and casual sportswear; prices vary (better to moderate)
Private Label
Some samples may never be mass produced
Promotio
Reporting Services (Sources)
15. Not paid for by the retailer and the retailer doesn't have control over what is said
Independently owned services
Publicity
Image (Promotion)
Off-Price Store (Specialty)
16. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line
Store Ownership Group
Factors in Selecting a Resource (Buying
Catalog Showroom (Specialty)
Paris (Global Fashion Centers)
17. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
Catalog/Mail Order (Non-store Retai
Wholesale Warehouse Clubs (Specialty)
Terms to be Negotiated (Buying)
Branch (Classifications; Department Store
18. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Dallas
Hypermarkets (Specialty
Stylist
Dollar Merchandise Plan
19. Responsible for establishing the store's image
Reporting Services (Sources)
GMM (Merchandising; Retail Stores)
Publicity
Branch (Classifications; Department Store
20. Shoplifting - internal theft - inaccurate records
Elements of Dollar Merchandize Plan
Buyers Attend Market
Merchandisi
Shortage (Dollar Merchandise Plan)
21. Management consultants - Technical consultants - Import and export consultants
Broad-based Business Consulting Services
De
Look at offerings and need out and refine their line
Merchandise Assortment Planning
22. 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
Direct Selling (Non-store Retailing)
Chain Store
Resident Buyer (Path for Buyers)
Market Research (Sources)
23. Merchandising - Buying - Product Development Organizations
Independently owned services
Sources of Merchandise (Buying)
In-store Boutique
Trade Associations (Sources)
24. 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
Dollar Merchandise Plan
Resident Buyer
Publicity
Overbought
25. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
London (Global Fashion Centers)
Sources of Information (Retail Merchandising)
Gross Margin Percentage (Dollar Merchandise Plan)
Market Research (Sources)
26. Menswear
Vendors (Sources)
Confined merchandis
London (Global Fashion Centers)
Specialized Store Buyer (Path for Buyers)
27. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Milan (Global Fashion Centers)
Factors to be Considered in Editing (Buying)
Breadt
Specialized Store Buyer (Path for Buyers)
28. Where store execs are housed
Store within a Store
Flagship (Classifications; Department Store)
Look at offerings and need out and refine their line
Merchandise/Promotional (Advertising)
29. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Turnover (Dollar Merchandise Plan)
Independently owned services
Discount Store (Specialty)
Overbought
30. Selling responsibilities
Direct Selling (Non-store Retailing)
Specialized Store Buyer (Path for Buyers)
Chain Store
Off-Price Store (Specialty)
31. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Variety Store (Specialty)
Dollar Merchandise Plan
Merchandise Assortment Planning
Some samples may never be mass produced
32. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Catalog/Mail Order (Non-store Retai
Store within a Store
Limitations of regional marts
Market Wee
33. Specialize in brand and designer name clothing at discounted prices
Off-Price Store (Specialty)
Stylist
Franchise
Factors to be Considered in Editing (Buying)
34. Figure that tells the frequency with which the stock has been sold and replaced - Goal: increase turn = keep merchandise moving
Some samples may never be mass produced
In-store Boutique
Store Owned Organizations (Product Development Organizations
Turnover (Dollar Merchandise Plan)
35. Responsible for a department/area
Buyer (Merchandising; Retail Stores)
Gross Margin Percentage (Dollar Merchandise Plan)
Flagship (Classifications; Department Store)
Dollar Merchandise Plan
36. Sometimes called the 6 month plan - Balances planned stock and planned sales in dollars - Previous 6 months plan is used as a guideline
Store Owned Organizations (Product Development Organizations
Trade Publications (Sources)
Dollar Merchandise Plan
Image (Promotion)
37. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
DMM (Merchandising; Retail Store
Image (Promotion)
In-store Success (Sources
Confined merchandis
38. Order from catalog and pick up immediately
Paris (Global Fashion Centers)
Catalog Showroom (Specialty)
Store Owner (Path for Buyers)
Trade Publications (Sources)
39. Larger orders may allow for...
Broad-based Business Consulting Services
Lower prices
Chain Store
Shortage (Dollar Merchandise Plan)
40. 2nd largest leasing space available
Elements of Dollar Merchandize Plan
Los Angeles
Specialty Store
Sources of Merchandise (Buying)
41. Focuses on a particular item or product
Open-to-buy (Dollar Merchandise Plan)
Private Label
Promotio
Market Wee
42. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Off-Price Store (Specialty)
Buyer (Merchandising; Retail Stores)
Department Store (Characteristics)
Market
43. Television or computer shopping
In-store Success (Sources
Store Owned Organizations (Product Development Organizations
Electronic Retailing (Non-store Retailing)
Franchise
44. Ads; focuses on business itself
Flagship (Classifications; Department Store)
Image (Advertising)
Publicity
Lower prices
45. Focus specifically on product
Specialized Store Buyer (Path for Buyers)
Merchandise/Promotional (Advertising)
Publicity
Los Angeles
46. Compare what is available from the competition
Twig (Classifications; Department Store)
Shopping the Stores (Sources)
Private Label
Merchandisi
47. Italian fashion - Knits - Shoes - Menswear
Factory Outlet (Specialty)
Regional Marts
Milan (Global Fashion Centers)
Franchise
48. Germany - Spain - Eastern Block
Confined merchandis
Minor Fashion Industries (Global Fashion Centers)
Hypermarkets (Specialty
In-store Success (Sources
49. Focuses on the business itself
Trade Publications (Sources)
Store within a Store
Image (Promotion)
De
50. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Some samples may never be mass produced
Buyer (Retail Merchandising)
Shortage (Dollar Merchandise Plan)
Hypermarkets (Specialty