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. Large number of resources centered in 7th Avenue area - Largest and most important domestically
New York (Market Centers)
London (Global Fashion Centers)
Sources of Information (Retail Merchandising)
Market Research (Sources)
2. Merchandising offerings - Appropriate for customers
Store Ownership Group
Factors in Selecting a Resource (Buying
Trade Publications (Sources)
Elements of Dollar Merchandize Plan
3. 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
In-store Boutique
Confined merchandis
Regional Marts
Sources of Information (Retail Merchandising)
4. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Catalog Showroom (Specialty)
Personal Shopper
GMM (Merchandising; Retail Stores)
Store Owned Organizations (Product Development Organizations
5. Larger orders may allow for...
Lower prices
Los Angeles
Merchandise/Promotional (Advertising)
Private Label
6. Management consultants - Technical consultants - Import and export consultants
Broad-based Business Consulting Services
Regional Marts
Dollar Merchandise Plan
Factory Outlet (Specialty)
7. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Catalog/Mail Order (Non-store Retai
Buyer (Merchandising; Retail Stores)
Store within a Store
Sources of Information (Retail Merchandising)
8. Current information on trends
Trade Publications (Sources)
Dallas
Shopping the Stores (Sources)
Reporting Services (Sources)
9. Selling responsibilities
Buyer (Retail Merchandising)
Merchandise/Promotional (Advertising)
Direct Selling (Non-store Retailing)
Specialized Store Buyer (Path for Buyers)
10. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Independently Owed (Product Development Organizations)
Shopping the Stores (Sources)
Market
Resident Buyer (Path for Buyers)
11. When merchandise (inventory and ordered) is GREATER than need
Electronic Retailing (Non-store Retailing)
Market Wee
Specialized Store Buyer (Path for Buyers)
Overbought
12. Focuses on management and market research
Management Consultants (Consulting Services)
Paths for Buyers
Independently Owed (Product Development Organizations)
Breadt
13. Manufacturers may not always produce everything they show in regional market (even if orders have been placed) - May not have many new manufacturers
Merchandise/Promotional (Advertising)
Limitations of regional marts
Independently Owed (Product Development Organizations)
DMM (Merchandising; Retail Store
14. Responsible for several areas
Two basic kinds of ratail advertising
Merchandisi
DMM (Merchandising; Retail Store
Buyer (Retail Merchandising)
15. 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
DMM (Merchandising; Retail Store
New York (Market Centers)
Chain Store
Two basic kinds of ratail advertising
16. Ads; focuses on business itself
Two basic kinds of ratail advertising
Specialty Store
Image (Advertising)
Image (Promotion)
17. Menswear
Franchise
Hypermarkets (Specialty
London (Global Fashion Centers)
Merchandise/Promotional (Advertising)
18. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Franchise
Using Resident Buying Offices (Sources)
Factory Outlet (Specialty)
Breadt
19. Where store execs are housed
Product Development
Store within a Store
Flagship (Classifications; Department Store)
London (Global Fashion Centers)
20. Store open another facility in a different location - often in suburbs
Market Research (Sources)
Vendors (Sources)
Branch (Classifications; Department Store
Publicity
21. Conduct own research
Turnover (Dollar Merchandise Plan)
Market Research (Sources)
Elements of Dollar Merchandize Plan
Flagship (Classifications; Department Store)
22. Mass - staples
Tokyo (Global Fashion Centers
Resident Buyer
Personal Shopper
Catalog/Mail Order (Non-store Retai
23. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
Buyer (Retail Merchandising)
Trade Associations (Sources)
Elements of Dollar Merchandize Plan
Stylist
24. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Merchandise/Promotional (Advertising)
Off-Price Store (Specialty)
Overbought
Store within a Store
25. Italian fashion - Knits - Shoes - Menswear
De
Flagship (Classifications; Department Store)
Milan (Global Fashion Centers)
Vendors (Sources)
26. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Wholesale Warehouse Clubs (Specialty)
Discount Store (Specialty)
Breadt
Market Research (Sources)
27. Order from catalog and pick up immediately
Los Angeles
Catalog Showroom (Specialty)
Image (Advertising)
Franchise
28. Buying - selling - and planning of merchandise
Merchandisi
Wholesale Warehouse Clubs (Specialty)
Lower prices
Resident Buyer
29. Typically 6 months prior to season
Costume Designe
Using Resident Buying Offices (Sources)
Market Wee
Minor Fashion Industries (Global Fashion Centers)
30. Money left to buy- when merchandise NEEDS to exceed merchandise available
In-store Boutique
Independently owned services
Specialty Store
OB
31. Most aware of what is selling (bias)
Central Buyer (Path for Buyers)
Vendors (Sources)
Turnover (Dollar Merchandise Plan)
GMM (Merchandising; Retail Stores)
32. Small specialized store of a department store
Personal Shopper
Twig (Classifications; Department Store)
Paris (Global Fashion Centers)
Dollar Merchandise Plan
33. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Buyers Attend Market
Stylist
Trade Associations (Sources)
Factors to be Considered in Editing (Buying)
34. Small operation
Specialized Store Buyer (Path for Buyers)
Store within a Store
Store Owner (Path for Buyers)
Factors to be Considered in Editing (Buying)
35. Focuses on the business itself
Image (Promotion)
Confined merchandis
Wholesale Warehouse Clubs (Specialty)
Management Consultants (Consulting Services)
36. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line
Paris (Global Fashion Centers)
New York (Market Centers)
Factors to be Considered in Editing (Buying)
Twig (Classifications; Department Store)
37. Responsible for establishing the store's image
GMM (Merchandising; Retail Stores)
Dollar Merchandise Plan
Resident Buyer (Path for Buyers)
Discount Store (Specialty)
38. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Store Ownership Group
Specialty Store
Lower prices
Catalog/Mail Order (Non-store Retai
39. Compare what is available from the competition
Tokyo (Global Fashion Centers
Shopping the Stores (Sources)
Stylist
In-store Success (Sources
40. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
Store Ownership Group
Minor Fashion Industries (Global Fashion Centers)
Direct Selling (Non-store Retailing)
Confined merchandis
41. Chain
Terms to be Negotiated (Buying)
Paths for Buyers
Central Buyer (Path for Buyers)
Catalog/Mail Order (Non-store Retai
42. Specialize in brand and designer name clothing at discounted prices
Store Owner (Path for Buyers)
Off-Price Store (Specialty)
Limitations of regional marts
Branch (Classifications; Department Store
43. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Variety Store (Specialty)
Resident Buyer (Path for Buyers)
Gross Margin Percentage (Dollar Merchandise Plan)
Specialized Store Buyer (Path for Buyers)
44. 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
45. 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)
Store Owned Organizations (Product Development Organizations
Vendors (Sources)
Milan (Global Fashion Centers)
46. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
De
Regional Marts
Merchandise Assortment Planning
Elements of Dollar Merchandize Plan
47. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Tokyo (Global Fashion Centers
Terms to be Negotiated (Buying)
Hypermarkets (Specialty
Product Development
48. Cotton Inc. - Wool Bureau
In-store Success (Sources
Trade Associations (Sources)
Broad-based Business Consulting Services
Lower prices
49. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
Image (Advertising)
Store within a Store
Confined merchandis
Breadt
50. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Franchise
Twig (Classifications; Department Store)
Vendors (Sources)
Chain Store