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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. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Tokyo (Global Fashion Centers
Sources of Merchandise (Buying)
Image (Advertising)
Business Consultant's Services
2. 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
Buyers Attend Market
Resident Buyer (Path for Buyers)
Terms to be Negotiated (Buying)
Merchandisi
3. 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)
Store within a Store
Some samples may never be mass produced
In-store Success (Sources
4. Door-to-door or house parties
Direct Selling (Non-store Retailing)
Catalog/Mail Order (Non-store Retai
Store within a Store
Publicity
5. Italian fashion - Knits - Shoes - Menswear
Milan (Global Fashion Centers)
Off-Price Store (Specialty)
Paths for Buyers
Electronic Retailing (Non-store Retailing)
6. Located in market
Shortage (Dollar Merchandise Plan)
Variety Store (Specialty)
Using Resident Buying Offices (Sources)
Two basic kinds of ratail advertising
7. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Using Resident Buying Offices (Sources)
Turnover (Dollar Merchandise Plan)
Gross Margin Percentage (Dollar Merchandise Plan)
Confined merchandis
8. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
Department Store (Characteristics)
Sources of Merchandise (Buying)
Broad-based Business Consulting Services
Confined merchandis
9. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
Market
Promotio
Store Owned Organizations (Product Development Organizations
Terms to be Negotiated (Buying)
10. Store's own label for career and casual sportswear; prices vary (better to moderate)
Independently Owed (Product Development Organizations)
New York (Market Centers)
Private Label
Personal Shopper
11. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
Independently Owed (Product Development Organizations)
Sources of Information (Retail Merchandising)
Direct Selling (Non-store Retailing)
Publicity
12. Larger orders may allow for...
Merchandise Assortment Planning
Lower prices
Department Store (Characteristics)
OB
13. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
OB
Dallas
Specialty Store
Store Ownership Group
14. Quantity of different items offered
Limitations of regional marts
De
Paris (Global Fashion Centers)
Franchise
15. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Merchandise/Promotional (Advertising)
Dollar Merchandise Plan
Elements of Dollar Merchandize Plan
Franchise
16. Figure that tells the frequency with which the stock has been sold and replaced - Goal: increase turn = keep merchandise moving
Image (Promotion)
Image (Advertising)
Specialty Store
Turnover (Dollar Merchandise Plan)
17. Conduct own research
Market Research (Sources)
Vendors (Sources)
Direct Selling (Non-store Retailing)
Discount Store (Specialty)
18. People who shop for clients
Buyer (Retail Merchandising)
Personal Shopper
Independently owned services
Tokyo (Global Fashion Centers
19. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Regional Marts
Buyers Attend Market
Gross Margin Percentage (Dollar Merchandise Plan)
Buyer (Retail Merchandising)
20. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Trade Publications (Sources)
Catalog/Mail Order (Non-store Retai
Discount Store (Specialty)
Product Development
21. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Independently Owed (Product Development Organizations)
Minor Fashion Industries (Global Fashion Centers)
Buyer (Retail Merchandising)
Shopping the Stores (Sources)
22. Responsible for a department/area
Los Angeles
Buyer (Merchandising; Retail Stores)
Trade Associations (Sources)
Gross Margin Percentage (Dollar Merchandise Plan)
23. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
Trade Publications (Sources)
Dollar Merchandise Plan
Market
New York (Market Centers)
24. Merchandising - Buying - Product Development Organizations
Personal Shopper
Confined merchandis
Independently owned services
Variety Store (Specialty)
25. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line
Confined merchandis
Paris (Global Fashion Centers)
Resident Buyer
Merchandise Assortment Planning
26. Market area - Assists specialized (central) buyer
Resident Buyer (Path for Buyers)
Paris (Global Fashion Centers)
Shortage (Dollar Merchandise Plan)
Personal Shopper
27. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Dollar Merchandise Plan
Catalog/Mail Order (Non-store Retai
Shortage (Dollar Merchandise Plan)
Market Wee
28. Typically 6 months prior to season
Twig (Classifications; Department Store)
Market Wee
Milan (Global Fashion Centers)
Costume Designe
29. Shoplifting - internal theft - inaccurate records
In-store Success (Sources
Shortage (Dollar Merchandise Plan)
Buyer (Merchandising; Retail Stores)
Store within a Store
30. Develops clothing for actors in plays - movies - and television
Stylist
Turnover (Dollar Merchandise Plan)
Electronic Retailing (Non-store Retailing)
Costume Designe
31. Image Merchandise/promotional -advertising agencies bid for client accounts
Two basic kinds of ratail advertising
Specialized Store Buyer (Path for Buyers)
Factors in Selecting a Resource (Buying
Sources of Information (Retail Merchandising)
32. Focus specifically on product
Business Consultant's Services
Paths for Buyers
Flagship (Classifications; Department Store)
Merchandise/Promotional (Advertising)
33. Specialize in brand and designer name clothing at discounted prices
Factors in Selecting a Resource (Buying
Off-Price Store (Specialty)
Advertising
Store Ownership Group
34. Menswear
Resident Buyer
Image (Promotion)
London (Global Fashion Centers)
Merchandise/Promotional (Advertising)
35. Television or computer shopping
New York (Market Centers)
Using Resident Buying Offices (Sources)
Electronic Retailing (Non-store Retailing)
Stylist
36. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Store Owned Organizations (Product Development Organizations
Management Consultants (Consulting Services)
Flagship (Classifications; Department Store)
Open-to-buy (Dollar Merchandise Plan)
37. Sales records - Sales people
Specialized Store Buyer (Path for Buyers)
Two basic kinds of ratail advertising
In-store Success (Sources
Factory Outlet (Specialty)
38. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Tokyo (Global Fashion Centers
Reporting Services (Sources)
Confined merchandis
Open-to-buy (Dollar Merchandise Plan)
39. Current information on trends
Breadt
Two basic kinds of ratail advertising
Discount Store (Specialty)
Reporting Services (Sources)
40. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Turnover (Dollar Merchandise Plan)
Management Consultants (Consulting Services)
Merchandise Assortment Planning
Two basic kinds of ratail advertising
41. Small operation
Store Owner (Path for Buyers)
Electronic Retailing (Non-store Retailing)
Buyer (Retail Merchandising)
Promotio
42. Responsible for several areas
Direct Selling (Non-store Retailing)
DMM (Merchandising; Retail Store
Discount Store (Specialty)
Reporting Services (Sources)
43. 2nd largest leasing space available
Specialty Store
Off-Price Store (Specialty)
Los Angeles
Store within a Store
44. Chain
Market Research (Sources)
Lower prices
Market
Central Buyer (Path for Buyers)
45. Manufacturers may not always produce everything they show in regional market (even if orders have been placed) - May not have many new manufacturers
Product Development
Department Store (Characteristics)
Discount Store (Specialty)
Limitations of regional marts
46. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Department Store (Characteristics)
Dallas
Lower prices
Milan (Global Fashion Centers)
47. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Shopping the Stores (Sources)
Merchandise Assortment Planning
Factors to be Considered in Editing (Buying)
Store Owner (Path for Buyers)
48. Small specialized store of a department store
Specialized Store Buyer (Path for Buyers)
Promotio
Twig (Classifications; Department Store)
Resident Buyer
49. 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
Market Wee
Image (Promotion)
Catalog Showroom (Specialty)
Resident Buyer
50. Manufacturers Attend Market to...
Look at offerings and need out and refine their line
Confined merchandis
Paths for Buyers
Image (Advertising)