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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. 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
Some samples may never be mass produced
Wholesale Warehouse Clubs (Specialty)
Merchandisi
Market
2. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
Sources of Information (Retail Merchandising)
Publicity
Buyer (Retail Merchandising)
Overbought
3. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Overbought
Catalog/Mail Order (Non-store Retai
Twig (Classifications; Department Store)
Factory Outlet (Specialty)
4. Variety of low priced merchandise
Variety Store (Specialty)
Direct Selling (Non-store Retailing)
Elements of Dollar Merchandize Plan
Minor Fashion Industries (Global Fashion Centers)
5. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
Promotio
Store within a Store
Stylist
Resident Buyer (Path for Buyers)
6. Order from catalog and pick up immediately
Image (Promotion)
Catalog Showroom (Specialty)
Dollar Merchandise Plan
Store Ownership Group
7. 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
Branch (Classifications; Department Store
Wholesale Warehouse Clubs (Specialty)
Regional Marts
Breadt
8. Responsible for several areas
DMM (Merchandising; Retail Store
Turnover (Dollar Merchandise Plan)
Shopping the Stores (Sources)
Trade Associations (Sources)
9. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Costume Designe
Hypermarkets (Specialty
Department Store (Characteristics)
Branch (Classifications; Department Store
10. Located in market
Using Resident Buying Offices (Sources)
Lower prices
Management Consultants (Consulting Services)
Electronic Retailing (Non-store Retailing)
11. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Independently Owed (Product Development Organizations)
GMM (Merchandising; Retail Stores)
Store Owner (Path for Buyers)
Management Consultants (Consulting Services)
12. Store open another facility in a different location - often in suburbs
Branch (Classifications; Department Store
Regional Marts
Store within a Store
Hypermarkets (Specialty
13. Selling responsibilities
Specialized Store Buyer (Path for Buyers)
Twig (Classifications; Department Store)
Dollar Merchandise Plan
Independently Owed (Product Development Organizations)
14. Store's own label for career and casual sportswear; prices vary (better to moderate)
Private Label
Breadt
GMM (Merchandising; Retail Stores)
Business Consultant's Services
15. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
OB
Costume Designe
Store Owned Organizations (Product Development Organizations
Two basic kinds of ratail advertising
16. Ads; focuses on business itself
Merchandise Assortment Planning
Image (Advertising)
In-store Success (Sources
Store Ownership Group
17. Focuses on a particular item or product
Confined merchandis
Merchandise Assortment Planning
Promotio
Regional Marts
18. 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)
Off-Price Store (Specialty)
Turnover (Dollar Merchandise Plan)
Business Consultant's Services
19. Door-to-door or house parties
Dollar Merchandise Plan
Look at offerings and need out and refine their line
Dallas
Direct Selling (Non-store Retailing)
20. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Using Resident Buying Offices (Sources)
Discount Store (Specialty)
Elements of Dollar Merchandize Plan
Dollar Merchandise Plan
21. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Elements of Dollar Merchandize Plan
Publicity
Factors to be Considered in Editing (Buying)
Store within a Store
22. Television or computer shopping
Market Wee
Buyer (Retail Merchandising)
Electronic Retailing (Non-store Retailing)
Elements of Dollar Merchandize Plan
23. Buying - selling - and planning of merchandise
Merchandisi
Catalog Showroom (Specialty)
De
Product Development
24. Figure that tells the frequency with which the stock has been sold and replaced - Goal: increase turn = keep merchandise moving
Wholesale Warehouse Clubs (Specialty)
Tokyo (Global Fashion Centers
Market Wee
Turnover (Dollar Merchandise Plan)
25. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Gross Margin Percentage (Dollar Merchandise Plan)
Elements of Dollar Merchandize Plan
OB
Lower prices
26. Conduct own research
Specialized Store Buyer (Path for Buyers)
Lower prices
Elements of Dollar Merchandize Plan
Market Research (Sources)
27. Store owner - Specialized store buyer - Central buyer - Resident buyer
Resident Buyer
Paths for Buyers
GMM (Merchandising; Retail Stores)
Hypermarkets (Specialty
28. Regional center for bridal - evening wear
Independently Owed (Product Development Organizations)
Gross Margin Percentage (Dollar Merchandise Plan)
Private Label
Dallas
29. Image Merchandise/promotional -advertising agencies bid for client accounts
London (Global Fashion Centers)
Two basic kinds of ratail advertising
Broad-based Business Consulting Services
Wholesale Warehouse Clubs (Specialty)
30. Responsible for a department/area
Factory Outlet (Specialty)
Buyer (Merchandising; Retail Stores)
Minor Fashion Industries (Global Fashion Centers)
Costume Designe
31. Sourcing - Logistics related to - importing - Managing information systems
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32. Sometimes called the 6 month plan - Balances planned stock and planned sales in dollars - Previous 6 months plan is used as a guideline
Catalog/Mail Order (Non-store Retai
Private Label
Dollar Merchandise Plan
Store Owned Organizations (Product Development Organizations
33. Merchandising offerings - Appropriate for customers
Breadt
Specialized Store Buyer (Path for Buyers)
Factors in Selecting a Resource (Buying
GMM (Merchandising; Retail Stores)
34. Mass - staples
Tokyo (Global Fashion Centers
Costume Designe
Open-to-buy (Dollar Merchandise Plan)
Independently Owed (Product Development Organizations)
35. WWD - DNR - stores (consumer fashion magazines)
Catalog/Mail Order (Non-store Retai
Stylist
Trade Publications (Sources)
Wholesale Warehouse Clubs (Specialty)
36. Not paid for by the retailer and the retailer doesn't have control over what is said
Store Owner (Path for Buyers)
Business Consultant's Services
Department Store (Characteristics)
Publicity
37. Menswear
Lower prices
Specialized Store Buyer (Path for Buyers)
Department Store (Characteristics)
London (Global Fashion Centers)
38. Focuses on the business itself
Twig (Classifications; Department Store)
Variety Store (Specialty)
Broad-based Business Consulting Services
Image (Promotion)
39. Small operation
Market Research (Sources)
Store Ownership Group
Store Owner (Path for Buyers)
Limitations of regional marts
40. Chain
Limitations of regional marts
Central Buyer (Path for Buyers)
Catalog/Mail Order (Non-store Retai
Buyer (Retail Merchandising)
41. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Two basic kinds of ratail advertising
Buyer (Merchandising; Retail Stores)
Factors to be Considered in Editing (Buying)
Los Angeles
42. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Lower prices
Costume Designe
Product Development
Paris (Global Fashion Centers)
43. Pay a fee for what are supposed to be wholesale prices
OB
Catalog/Mail Order (Non-store Retai
Terms to be Negotiated (Buying)
Wholesale Warehouse Clubs (Specialty)
44. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Private Label
Look at offerings and need out and refine their line
Market
Buyer (Retail Merchandising)
45. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Image (Advertising)
Open-to-buy (Dollar Merchandise Plan)
Image (Promotion)
OB
46. Manufacturers may not always produce everything they show in regional market (even if orders have been placed) - May not have many new manufacturers
Buyers Attend Market
Limitations of regional marts
De
Lower prices
47. People who shop for clients
Personal Shopper
Wholesale Warehouse Clubs (Specialty)
Variety Store (Specialty)
Gross Margin Percentage (Dollar Merchandise Plan)
48. Sales records - Sales people
Elements of Dollar Merchandize Plan
Specialized Store Buyer (Path for Buyers)
Breadt
In-store Success (Sources
49. Germany - Spain - Eastern Block
Limitations of regional marts
Dallas
Trade Publications (Sources)
Minor Fashion Industries (Global Fashion Centers)
50. Management consultants - Technical consultants - Import and export consultants
Management Consultants (Consulting Services)
Broad-based Business Consulting Services
Direct Selling (Non-store Retailing)
Costume Designe