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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. Focuses on the business itself
Discount Store (Specialty)
Department Store (Characteristics)
Image (Promotion)
Vendors (Sources)
2. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
In-store Success (Sources
Factors to be Considered in Editing (Buying)
Limitations of regional marts
Trade Publications (Sources)
3. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
Buyers Attend Market
Specialized Store Buyer (Path for Buyers)
Terms to be Negotiated (Buying)
Private Label
4. Focuses on a particular item or product
Elements of Dollar Merchandize Plan
Branch (Classifications; Department Store
Promotio
Trade Publications (Sources)
5. 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
Elements of Dollar Merchandize Plan
Regional Marts
Paris (Global Fashion Centers)
Overbought
6. Responsible for establishing the store's image
GMM (Merchandising; Retail Stores)
Central Buyer (Path for Buyers)
Trade Publications (Sources)
Market Research (Sources)
7. Regional center for bridal - evening wear
Dallas
Resident Buyer (Path for Buyers)
Vendors (Sources)
Lower prices
8. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Reporting Services (Sources)
Department Store (Characteristics)
Flagship (Classifications; Department Store)
Sources of Information (Retail Merchandising)
9. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Stylist
Paris (Global Fashion Centers)
Market Research (Sources)
Store within a Store
10. Largest portion of promotion budget (approx. 1.3% of sales) - Planning - writing - design - and scheduling of paid announcements
Variety Store (Specialty)
Broad-based Business Consulting Services
Advertising
Regional Marts
11. Television or computer shopping
Direct Selling (Non-store Retailing)
Electronic Retailing (Non-store Retailing)
Chain Store
Product Development
12. Shoplifting - internal theft - inaccurate records
Sources of Merchandise (Buying)
Store Owned Organizations (Product Development Organizations
Shortage (Dollar Merchandise Plan)
Resident Buyer (Path for Buyers)
13. Sourcing - Logistics related to - importing - Managing information systems
14. Located in market
GMM (Merchandising; Retail Stores)
London (Global Fashion Centers)
Using Resident Buying Offices (Sources)
Market
15. Variety of low priced merchandise
In-store Boutique
Market Wee
Variety Store (Specialty)
In-store Success (Sources
16. Small operation
Store Owner (Path for Buyers)
Minor Fashion Industries (Global Fashion Centers)
Some samples may never be mass produced
Resident Buyer (Path for Buyers)
17. People who shop for clients
Variety Store (Specialty)
Shopping the Stores (Sources)
Personal Shopper
Factors in Selecting a Resource (Buying
18. Current information on trends
Advertising
Store Ownership Group
GMM (Merchandising; Retail Stores)
Reporting Services (Sources)
19. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
Twig (Classifications; Department Store)
Independently Owed (Product Development Organizations)
Stylist
Some samples may never be mass produced
20. Larger orders may allow for...
Paris (Global Fashion Centers)
Lower prices
Limitations of regional marts
Personal Shopper
21. Specialize in brand and designer name clothing at discounted prices
Wholesale Warehouse Clubs (Specialty)
Merchandisi
Off-Price Store (Specialty)
New York (Market Centers)
22. Responsible for a department/area
Two basic kinds of ratail advertising
Variety Store (Specialty)
Buyer (Merchandising; Retail Stores)
Resident Buyer
23. Focus specifically on product
Two basic kinds of ratail advertising
Merchandise/Promotional (Advertising)
Independently Owed (Product Development Organizations)
Dollar Merchandise Plan
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
Using Resident Buying Offices (Sources)
Resident Buyer
Franchise
Merchandisi
25. Responsible for several areas
Using Resident Buying Offices (Sources)
Trade Publications (Sources)
Catalog/Mail Order (Non-store Retai
DMM (Merchandising; Retail Store
26. Selling responsibilities
Sources of Merchandise (Buying)
Discount Store (Specialty)
Specialized Store Buyer (Path for Buyers)
Shortage (Dollar Merchandise Plan)
27. Menswear
Lower prices
London (Global Fashion Centers)
Turnover (Dollar Merchandise Plan)
Flagship (Classifications; Department Store)
28. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Management Consultants (Consulting Services)
Hypermarkets (Specialty
Discount Store (Specialty)
Turnover (Dollar Merchandise Plan)
29. Management consultants - Technical consultants - Import and export consultants
Twig (Classifications; Department Store)
Broad-based Business Consulting Services
Factory Outlet (Specialty)
Factors in Selecting a Resource (Buying
30. 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
New York (Market Centers)
Some samples may never be mass produced
Catalog/Mail Order (Non-store Retai
Trade Associations (Sources)
31. Number of different items offered
Breadt
New York (Market Centers)
Two basic kinds of ratail advertising
Trade Associations (Sources)
32. Quantity of different items offered
De
Factory Outlet (Specialty)
Chain Store
Store within a Store
33. Buying - selling - and planning of merchandise
Direct Selling (Non-store Retailing)
Merchandisi
Look at offerings and need out and refine their line
Paths for Buyers
34. Image Merchandise/promotional -advertising agencies bid for client accounts
Department Store (Characteristics)
Two basic kinds of ratail advertising
Twig (Classifications; Department Store)
Look at offerings and need out and refine their line
35. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Buyer (Retail Merchandising)
Overbought
Elements of Dollar Merchandize Plan
Product Development
36. Small area within a store for designers or popular manufacturers
In-store Boutique
Resident Buyer
Buyers Attend Market
DMM (Merchandising; Retail Store
37. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
Market
Overbought
Catalog Showroom (Specialty)
Dollar Merchandise Plan
38. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Off-Price Store (Specialty)
Paris (Global Fashion Centers)
Image (Advertising)
Merchandise Assortment Planning
39. Develops clothing for actors in plays - movies - and television
Factory Outlet (Specialty)
Los Angeles
Factors to be Considered in Editing (Buying)
Costume Designe
40. Where store execs are housed
Regional Marts
Dallas
Open-to-buy (Dollar Merchandise Plan)
Flagship (Classifications; Department Store)
41. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line
Paris (Global Fashion Centers)
Publicity
Discount Store (Specialty)
Store Owner (Path for Buyers)
42. Most aware of what is selling (bias)
Catalog/Mail Order (Non-store Retai
Shortage (Dollar Merchandise Plan)
Vendors (Sources)
Image (Advertising)
43. Conduct own research
Trade Publications (Sources)
Open-to-buy (Dollar Merchandise Plan)
Market Research (Sources)
Store within a Store
44. Pay a fee for what are supposed to be wholesale prices
Electronic Retailing (Non-store Retailing)
Paths for Buyers
Factors in Selecting a Resource (Buying
Wholesale Warehouse Clubs (Specialty)
45. Large number of resources centered in 7th Avenue area - Largest and most important domestically
Specialty Store
Off-Price Store (Specialty)
DMM (Merchandising; Retail Store
New York (Market Centers)
46. Ads; focuses on business itself
Factors to be Considered in Editing (Buying)
Personal Shopper
Image (Advertising)
Flagship (Classifications; Department Store)
47. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Discount Store (Specialty)
Buyer (Merchandising; Retail Stores)
Factors in Selecting a Resource (Buying
Resident Buyer (Path for Buyers)
48. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Independently Owed (Product Development Organizations)
Sources of Information (Retail Merchandising)
Paris (Global Fashion Centers)
De
49. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
Twig (Classifications; Department Store)
Specialized Store Buyer (Path for Buyers)
Gross Margin Percentage (Dollar Merchandise Plan)
Sources of Information (Retail Merchandising)
50. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Merchandise/Promotional (Advertising)
Broad-based Business Consulting Services
Sources of Merchandise (Buying)
Store Owned Organizations (Product Development Organizations