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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. WWD - DNR - stores (consumer fashion magazines)
Trade Publications (Sources)
Twig (Classifications; Department Store)
Stylist
Store Owned Organizations (Product Development Organizations
2. Current information on trends
Reporting Services (Sources)
Sources of Information (Retail Merchandising)
Buyer (Merchandising; Retail Stores)
Wholesale Warehouse Clubs (Specialty)
3. Where store execs are housed
In-store Boutique
Catalog Showroom (Specialty)
Resident Buyer (Path for Buyers)
Flagship (Classifications; Department Store)
4. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Merchandise Assortment Planning
Broad-based Business Consulting Services
OB
Flagship (Classifications; Department Store)
5. Cotton Inc. - Wool Bureau
Trade Associations (Sources)
Image (Promotion)
Specialty Store
Market Research (Sources)
6. Focuses on management and market research
New York (Market Centers)
Advertising
Store Ownership Group
Management Consultants (Consulting Services)
7. Larger orders may allow for...
Publicity
Limitations of regional marts
Independently owned services
Lower prices
8. People who shop for clients
Elements of Dollar Merchandize Plan
Store Owned Organizations (Product Development Organizations
Buyers Attend Market
Personal Shopper
9. Sometimes called the 6 month plan - Balances planned stock and planned sales in dollars - Previous 6 months plan is used as a guideline
Terms to be Negotiated (Buying)
In-store Success (Sources
Elements of Dollar Merchandize Plan
Dollar Merchandise Plan
10. Figure that tells the frequency with which the stock has been sold and replaced - Goal: increase turn = keep merchandise moving
Factory Outlet (Specialty)
Turnover (Dollar Merchandise Plan)
Some samples may never be mass produced
Private Label
11. Responsible for several areas
DMM (Merchandising; Retail Store
Market Wee
Paris (Global Fashion Centers)
Private Label
12. Manufacturers Attend Market to...
Lower prices
London (Global Fashion Centers)
Electronic Retailing (Non-store Retailing)
Look at offerings and need out and refine their line
13. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line
Paris (Global Fashion Centers)
Vendors (Sources)
Discount Store (Specialty)
GMM (Merchandising; Retail Stores)
14. Located in market
Resident Buyer
Publicity
Using Resident Buying Offices (Sources)
Independently owned services
15. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Open-to-buy (Dollar Merchandise Plan)
Minor Fashion Industries (Global Fashion Centers)
Reporting Services (Sources)
Paths for Buyers
16. Number of different items offered
Breadt
Flagship (Classifications; Department Store)
Using Resident Buying Offices (Sources)
Merchandise/Promotional (Advertising)
17. Conduct own research
Central Buyer (Path for Buyers)
Market Research (Sources)
Paths for Buyers
Merchandisi
18. Not paid for by the retailer and the retailer doesn't have control over what is said
Trade Publications (Sources)
Publicity
Turnover (Dollar Merchandise Plan)
Dallas
19. Large number of resources centered in 7th Avenue area - Largest and most important domestically
Personal Shopper
New York (Market Centers)
Image (Advertising)
Some samples may never be mass produced
20. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Trade Publications (Sources)
Central Buyer (Path for Buyers)
Gross Margin Percentage (Dollar Merchandise Plan)
Independently Owed (Product Development Organizations)
21. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Shopping the Stores (Sources)
Trade Associations (Sources)
Elements of Dollar Merchandize Plan
Dollar Merchandise Plan
22. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Sources of Merchandise (Buying)
Store Owned Organizations (Product Development Organizations
In-store Success (Sources
Resident Buyer
23. Television or computer shopping
Discount Store (Specialty)
Buyer (Merchandising; Retail Stores)
Broad-based Business Consulting Services
Electronic Retailing (Non-store Retailing)
24. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Factory Outlet (Specialty)
Two basic kinds of ratail advertising
Specialty Store
Overbought
25. Market area - Assists specialized (central) buyer
Tokyo (Global Fashion Centers
Market Research (Sources)
Catalog Showroom (Specialty)
Resident Buyer (Path for Buyers)
26. Develops clothing for actors in plays - movies - and television
Minor Fashion Industries (Global Fashion Centers)
Specialized Store Buyer (Path for Buyers)
Elements of Dollar Merchandize Plan
Costume Designe
27. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Image (Advertising)
Costume Designe
Breadt
Discount Store (Specialty)
28. Merchandising - Buying - Product Development Organizations
Reporting Services (Sources)
Open-to-buy (Dollar Merchandise Plan)
Independently owned services
Minor Fashion Industries (Global Fashion Centers)
29. Menswear
Central Buyer (Path for Buyers)
London (Global Fashion Centers)
Sources of Information (Retail Merchandising)
Limitations of regional marts
30. Order from catalog and pick up immediately
Catalog Showroom (Specialty)
Minor Fashion Industries (Global Fashion Centers)
Merchandise/Promotional (Advertising)
In-store Boutique
31. Italian fashion - Knits - Shoes - Menswear
Milan (Global Fashion Centers)
Advertising
Breadt
Discount Store (Specialty)
32. Sourcing - Logistics related to - importing - Managing information systems
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33. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Reporting Services (Sources)
Buyers Attend Market
Independently Owed (Product Development Organizations)
Some samples may never be mass produced
34. Manufacturers may not always produce everything they show in regional market (even if orders have been placed) - May not have many new manufacturers
Open-to-buy (Dollar Merchandise Plan)
Sources of Information (Retail Merchandising)
Limitations of regional marts
Paths for Buyers
35. Responsible for a department/area
In-store Success (Sources
Buyer (Merchandising; Retail Stores)
Catalog Showroom (Specialty)
Dollar Merchandise Plan
36. Responsible for establishing the store's image
Resident Buyer (Path for Buyers)
De
Store Owner (Path for Buyers)
GMM (Merchandising; Retail Stores)
37. 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
Franchise
Some samples may never be mass produced
Terms to be Negotiated (Buying)
Overbought
38. 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
Regional Marts
Image (Promotion)
Advertising
De
39. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
Flagship (Classifications; Department Store)
In-store Boutique
In-store Success (Sources
Sources of Information (Retail Merchandising)
40. When merchandise (inventory and ordered) is GREATER than need
Overbought
Factory Outlet (Specialty)
Dallas
Dollar Merchandise Plan
41. Small area within a store for designers or popular manufacturers
Using Resident Buying Offices (Sources)
Merchandisi
OB
In-store Boutique
42. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Breadt
Buyer (Retail Merchandising)
DMM (Merchandising; Retail Store
Franchise
43. 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
Central Buyer (Path for Buyers)
Resident Buyer
Sources of Information (Retail Merchandising)
44. Focuses on the business itself
Image (Promotion)
Confined merchandis
Merchandise/Promotional (Advertising)
Limitations of regional marts
45. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Electronic Retailing (Non-store Retailing)
Hypermarkets (Specialty
Catalog Showroom (Specialty)
Look at offerings and need out and refine their line
46. Buying - selling - and planning of merchandise
Stylist
Publicity
Limitations of regional marts
Merchandisi
47. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Two basic kinds of ratail advertising
Factory Outlet (Specialty)
Paths for Buyers
Image (Advertising)
48. Management consultants - Technical consultants - Import and export consultants
Wholesale Warehouse Clubs (Specialty)
DMM (Merchandising; Retail Store
Merchandise Assortment Planning
Broad-based Business Consulting Services
49. Quantity of different items offered
Specialty Store
De
Buyers Attend Market
Gross Margin Percentage (Dollar Merchandise Plan)
50. Variety of low priced merchandise
Overbought
Factors in Selecting a Resource (Buying
Variety Store (Specialty)
Catalog/Mail Order (Non-store Retai