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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. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Look at offerings and need out and refine their line
Overbought
Central Buyer (Path for Buyers)
Franchise
2. Responsible for establishing the store's image
Overbought
Discount Store (Specialty)
Branch (Classifications; Department Store
GMM (Merchandising; Retail Stores)
3. Italian fashion - Knits - Shoes - Menswear
Buyer (Merchandising; Retail Stores)
Resident Buyer
Catalog Showroom (Specialty)
Milan (Global Fashion Centers)
4. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Los Angeles
Buyer (Merchandising; Retail Stores)
Vendors (Sources)
Merchandise Assortment Planning
5. Focuses on a particular item or product
Promotio
Broad-based Business Consulting Services
Resident Buyer
Sources of Information (Retail Merchandising)
6. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Private Label
Resident Buyer
Gross Margin Percentage (Dollar Merchandise Plan)
Minor Fashion Industries (Global Fashion Centers)
7. Small operation
Franchise
Image (Promotion)
Store Owner (Path for Buyers)
Limitations of regional marts
8. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Paths for Buyers
Elements of Dollar Merchandize Plan
Sources of Information (Retail Merchandising)
In-store Success (Sources
9. Money left to buy- when merchandise NEEDS to exceed merchandise available
Image (Promotion)
OB
Twig (Classifications; Department Store)
Dallas
10. Larger orders may allow for...
GMM (Merchandising; Retail Stores)
Lower prices
Business Consultant's Services
Wholesale Warehouse Clubs (Specialty)
11. Door-to-door or house parties
Direct Selling (Non-store Retailing)
Resident Buyer (Path for Buyers)
De
Dallas
12. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
In-store Success (Sources
Elements of Dollar Merchandize Plan
Trade Associations (Sources)
Store within a Store
13. Store owner - Specialized store buyer - Central buyer - Resident buyer
Breadt
Market Wee
Paths for Buyers
Store within a Store
14. Pay a fee for what are supposed to be wholesale prices
Paths for Buyers
Market Wee
Elements of Dollar Merchandize Plan
Wholesale Warehouse Clubs (Specialty)
15. 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
Stylist
Off-Price Store (Specialty)
Resident Buyer
Advertising
16. Focuses on management and market research
Two basic kinds of ratail advertising
Management Consultants (Consulting Services)
Gross Margin Percentage (Dollar Merchandise Plan)
Specialty Store
17. Sourcing - Logistics related to - importing - Managing information systems
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18. Sales records - Sales people
Catalog/Mail Order (Non-store Retai
Trade Publications (Sources)
In-store Success (Sources
Management Consultants (Consulting Services)
19. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Independently owned services
Terms to be Negotiated (Buying)
Overbought
Independently Owed (Product Development Organizations)
20. Chain
Central Buyer (Path for Buyers)
Broad-based Business Consulting Services
Lower prices
Trade Associations (Sources)
21. Management consultants - Technical consultants - Import and export consultants
Chain Store
Off-Price Store (Specialty)
Broad-based Business Consulting Services
Los Angeles
22. Current information on trends
Reporting Services (Sources)
Paths for Buyers
Limitations of regional marts
Buyer (Merchandising; Retail Stores)
23. 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
Store Ownership Group
Chain Store
Buyer (Merchandising; Retail Stores)
Resident Buyer
24. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Management Consultants (Consulting Services)
Factors to be Considered in Editing (Buying)
Variety Store (Specialty)
Product Development
25. Menswear
Market Wee
London (Global Fashion Centers)
Personal Shopper
Two basic kinds of ratail advertising
26. Develops clothing for actors in plays - movies - and television
Two basic kinds of ratail advertising
Image (Advertising)
Costume Designe
Stylist
27. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Using Resident Buying Offices (Sources)
Los Angeles
Factors to be Considered in Editing (Buying)
Specialty Store
28. People who shop for clients
Terms to be Negotiated (Buying)
Discount Store (Specialty)
Personal Shopper
Two basic kinds of ratail advertising
29. Merchandising - Buying - Product Development Organizations
Independently owned services
Personal Shopper
London (Global Fashion Centers)
Resident Buyer
30. Mass - staples
Business Consultant's Services
Hypermarkets (Specialty
Tokyo (Global Fashion Centers
Store within a Store
31. Variety of low priced merchandise
Variety Store (Specialty)
Turnover (Dollar Merchandise Plan)
Direct Selling (Non-store Retailing)
Twig (Classifications; Department Store)
32. 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
Catalog Showroom (Specialty)
Sources of Merchandise (Buying)
Turnover (Dollar Merchandise Plan)
Buyers Attend Market
33. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Off-Price Store (Specialty)
Sources of Information (Retail Merchandising)
Product Development
Store Ownership Group
34. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Publicity
Independently Owed (Product Development Organizations)
Discount Store (Specialty)
Specialty Store
35. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Trade Publications (Sources)
Broad-based Business Consulting Services
Factory Outlet (Specialty)
Image (Advertising)
36. 2nd largest leasing space available
Stylist
Advertising
Los Angeles
Electronic Retailing (Non-store Retailing)
37. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
De
Trade Publications (Sources)
Resident Buyer (Path for Buyers)
Catalog/Mail Order (Non-store Retai
38. Buying - selling - and planning of merchandise
Chain Store
Store within a Store
Merchandisi
Specialized Store Buyer (Path for Buyers)
39. Where store execs are housed
Flagship (Classifications; Department Store)
Dollar Merchandise Plan
Paths for Buyers
Image (Promotion)
40. Order from catalog and pick up immediately
De
Specialized Store Buyer (Path for Buyers)
Catalog Showroom (Specialty)
Electronic Retailing (Non-store Retailing)
41. Focuses on the business itself
Resident Buyer
Two basic kinds of ratail advertising
Image (Promotion)
Independently Owed (Product Development Organizations)
42. Manufacturers may not always produce everything they show in regional market (even if orders have been placed) - May not have many new manufacturers
Catalog/Mail Order (Non-store Retai
Merchandisi
Twig (Classifications; Department Store)
Limitations of regional marts
43. Market area - Assists specialized (central) buyer
Store within a Store
Resident Buyer (Path for Buyers)
Variety Store (Specialty)
Dallas
44. Located in market
Costume Designe
Hypermarkets (Specialty
Using Resident Buying Offices (Sources)
Specialized Store Buyer (Path for Buyers)
45. Most aware of what is selling (bias)
Dallas
Vendors (Sources)
Market
Open-to-buy (Dollar Merchandise Plan)
46. Television or computer shopping
Specialized Store Buyer (Path for Buyers)
Central Buyer (Path for Buyers)
Private Label
Electronic Retailing (Non-store Retailing)
47. Store's own label for career and casual sportswear; prices vary (better to moderate)
Private Label
Buyers Attend Market
Personal Shopper
Catalog/Mail Order (Non-store Retai
48. Number of different items offered
Elements of Dollar Merchandize Plan
Breadt
Branch (Classifications; Department Store
Store within a Store
49. Responsible for a department/area
Vendors (Sources)
Buyer (Merchandising; Retail Stores)
New York (Market Centers)
Merchandisi
50. Image Merchandise/promotional -advertising agencies bid for client accounts
Off-Price Store (Specialty)
Product Development
Two basic kinds of ratail advertising
Wholesale Warehouse Clubs (Specialty)