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Test your basic knowledge |
Fashion Merchandizing
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Subjects
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business-skills
,
industries
Instructions:
Answer 50 questions in 15 minutes.
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study here
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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. Cotton Inc. - Wool Bureau
Store Owner (Path for Buyers)
Discount Store (Specialty)
Using Resident Buying Offices (Sources)
Trade Associations (Sources)
2. Sales records - Sales people
Trade Publications (Sources)
Paris (Global Fashion Centers)
In-store Success (Sources
Shortage (Dollar Merchandise Plan)
3. When merchandise (inventory and ordered) is GREATER than need
Overbought
Buyer (Merchandising; Retail Stores)
Shopping the Stores (Sources)
Using Resident Buying Offices (Sources)
4. Focus specifically on product
Independently owned services
Merchandise/Promotional (Advertising)
Trade Associations (Sources)
Paths for Buyers
5. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Electronic Retailing (Non-store Retailing)
Image (Advertising)
Open-to-buy (Dollar Merchandise Plan)
Twig (Classifications; Department Store)
6. Manufacturers Attend Market to...
Publicity
Look at offerings and need out and refine their line
In-store Boutique
Factors in Selecting a Resource (Buying
7. Image Merchandise/promotional -advertising agencies bid for client accounts
Merchandise/Promotional (Advertising)
DMM (Merchandising; Retail Store
Costume Designe
Two basic kinds of ratail advertising
8. Quantity of different items offered
De
Franchise
Two basic kinds of ratail advertising
GMM (Merchandising; Retail Stores)
9. Door-to-door or house parties
Electronic Retailing (Non-store Retailing)
Direct Selling (Non-store Retailing)
Flagship (Classifications; Department Store)
Market
10. Focuses on management and market research
Management Consultants (Consulting Services)
Product Development
In-store Success (Sources
Store Owner (Path for Buyers)
11. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Discount Store (Specialty)
Franchise
Promotio
Trade Publications (Sources)
12. Figure that tells the frequency with which the stock has been sold and replaced - Goal: increase turn = keep merchandise moving
Promotio
Shopping the Stores (Sources)
Two basic kinds of ratail advertising
Turnover (Dollar Merchandise Plan)
13. Pay a fee for what are supposed to be wholesale prices
Catalog Showroom (Specialty)
Wholesale Warehouse Clubs (Specialty)
Discount Store (Specialty)
Vendors (Sources)
14. Focuses on a particular item or product
Los Angeles
Buyer (Retail Merchandising)
Some samples may never be mass produced
Promotio
15. Most aware of what is selling (bias)
Two basic kinds of ratail advertising
Vendors (Sources)
Store Owned Organizations (Product Development Organizations
Shortage (Dollar Merchandise Plan)
16. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
Stylist
Store within a Store
Sources of Merchandise (Buying)
Electronic Retailing (Non-store Retailing)
17. Located in market
Some samples may never be mass produced
Using Resident Buying Offices (Sources)
Factory Outlet (Specialty)
Market Research (Sources)
18. Chain
Lower prices
Catalog/Mail Order (Non-store Retai
Buyer (Retail Merchandising)
Central Buyer (Path for Buyers)
19. Merchandising offerings - Appropriate for customers
Store Owned Organizations (Product Development Organizations
Costume Designe
Specialized Store Buyer (Path for Buyers)
Factors in Selecting a Resource (Buying
20. Number of different items offered
Elements of Dollar Merchandize Plan
Breadt
Terms to be Negotiated (Buying)
Store Ownership Group
21. WWD - DNR - stores (consumer fashion magazines)
Elements of Dollar Merchandize Plan
In-store Boutique
Department Store (Characteristics)
Trade Publications (Sources)
22. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Department Store (Characteristics)
Catalog/Mail Order (Non-store Retai
Store Owner (Path for Buyers)
Electronic Retailing (Non-store Retailing)
23. Merchandising - Buying - Product Development Organizations
Off-Price Store (Specialty)
Using Resident Buying Offices (Sources)
Paths for Buyers
Independently owned services
24. Ads; focuses on business itself
Image (Advertising)
De
Discount Store (Specialty)
Stylist
25. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Image (Promotion)
Discount Store (Specialty)
Department Store (Characteristics)
Factors to be Considered in Editing (Buying)
26. Sometimes called the 6 month plan - Balances planned stock and planned sales in dollars - Previous 6 months plan is used as a guideline
Open-to-buy (Dollar Merchandise Plan)
Dollar Merchandise Plan
Some samples may never be mass produced
Catalog/Mail Order (Non-store Retai
27. Small area within a store for designers or popular manufacturers
Overbought
Resident Buyer
DMM (Merchandising; Retail Store
In-store Boutique
28. Germany - Spain - Eastern Block
Independently owned services
Minor Fashion Industries (Global Fashion Centers)
Resident Buyer
Tokyo (Global Fashion Centers
29. Responsible for a department/area
Paris (Global Fashion Centers)
Buyer (Merchandising; Retail Stores)
Milan (Global Fashion Centers)
In-store Boutique
30. Market area - Assists specialized (central) buyer
Resident Buyer (Path for Buyers)
Shortage (Dollar Merchandise Plan)
Department Store (Characteristics)
DMM (Merchandising; Retail Store
31. Store open another facility in a different location - often in suburbs
Market
Los Angeles
Breadt
Branch (Classifications; Department Store
32. Management consultants - Technical consultants - Import and export consultants
Regional Marts
Buyer (Merchandising; Retail Stores)
Broad-based Business Consulting Services
Sources of Merchandise (Buying)
33. Variety of low priced merchandise
Buyer (Merchandising; Retail Stores)
Management Consultants (Consulting Services)
Merchandise Assortment Planning
Variety Store (Specialty)
34. Focuses on the business itself
In-store Success (Sources
Twig (Classifications; Department Store)
Image (Promotion)
Private Label
35. Regional center for bridal - evening wear
Shortage (Dollar Merchandise Plan)
De
Limitations of regional marts
Dallas
36. Responsible for establishing the store's image
Variety Store (Specialty)
GMM (Merchandising; Retail Stores)
Dallas
Merchandise/Promotional (Advertising)
37. Small specialized store of a department store
Twig (Classifications; Department Store)
Look at offerings and need out and refine their line
Central Buyer (Path for Buyers)
New York (Market Centers)
38. Manufacturers may not always produce everything they show in regional market (even if orders have been placed) - May not have many new manufacturers
Sources of Information (Retail Merchandising)
Independently owned services
Regional Marts
Limitations of regional marts
39. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
De
Twig (Classifications; Department Store)
Elements of Dollar Merchandize Plan
Sources of Information (Retail Merchandising)
40. Develops clothing for actors in plays - movies - and television
Costume Designe
Trade Associations (Sources)
Catalog/Mail Order (Non-store Retai
Merchandise/Promotional (Advertising)
41. Sourcing - Logistics related to - importing - Managing information systems
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42. Large number of resources centered in 7th Avenue area - Largest and most important domestically
New York (Market Centers)
Twig (Classifications; Department Store)
Specialized Store Buyer (Path for Buyers)
Breadt
43. Order from catalog and pick up immediately
Variety Store (Specialty)
Catalog Showroom (Specialty)
Paths for Buyers
In-store Success (Sources
44. Shoplifting - internal theft - inaccurate records
Merchandisi
In-store Success (Sources
Shortage (Dollar Merchandise Plan)
Advertising
45. 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
Paris (Global Fashion Centers)
Merchandise/Promotional (Advertising)
Resident Buyer
Broad-based Business Consulting Services
46. 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
Open-to-buy (Dollar Merchandise Plan)
Buyers Attend Market
Gross Margin Percentage (Dollar Merchandise Plan)
Private Label
47. Larger orders may allow for...
Reporting Services (Sources)
Lower prices
Franchise
Private Label
48. Where store execs are housed
Flagship (Classifications; Department Store)
Market Wee
Trade Associations (Sources)
Chain Store
49. Selling responsibilities
Two basic kinds of ratail advertising
Specialized Store Buyer (Path for Buyers)
GMM (Merchandising; Retail Stores)
Chain Store
50. Not paid for by the retailer and the retailer doesn't have control over what is said
Tokyo (Global Fashion Centers
Factors in Selecting a Resource (Buying
Publicity
Minor Fashion Industries (Global Fashion Centers)
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