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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 Ownership Group
Factors in Selecting a Resource (Buying
Trade Associations (Sources)
Variety Store (Specialty)
2. Store owner - Specialized store buyer - Central buyer - Resident buyer
Central Buyer (Path for Buyers)
Paths for Buyers
Independently owned services
Factors in Selecting a Resource (Buying
3. 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
Sources of Merchandise (Buying)
Business Consultant's Services
Store within a Store
Regional Marts
4. Door-to-door or house parties
Factors to be Considered in Editing (Buying)
Independently owned services
Direct Selling (Non-store Retailing)
Chain Store
5. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Los Angeles
Catalog Showroom (Specialty)
Independently Owed (Product Development Organizations)
Off-Price Store (Specialty)
6. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
De
Hypermarkets (Specialty
Private Label
Using Resident Buying Offices (Sources)
7. Selling responsibilities
Specialized Store Buyer (Path for Buyers)
Discount Store (Specialty)
London (Global Fashion Centers)
Sources of Merchandise (Buying)
8. WWD - DNR - stores (consumer fashion magazines)
Variety Store (Specialty)
Reporting Services (Sources)
Trade Publications (Sources)
Sources of Merchandise (Buying)
9. 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
Specialized Store Buyer (Path for Buyers)
DMM (Merchandising; Retail Store
Resident Buyer
Costume Designe
10. Store's own label for career and casual sportswear; prices vary (better to moderate)
Image (Promotion)
Central Buyer (Path for Buyers)
Private Label
Merchandisi
11. Focuses on the business itself
Resident Buyer
De
Business Consultant's Services
Image (Promotion)
12. Responsible for several areas
Hypermarkets (Specialty
DMM (Merchandising; Retail Store
Paris (Global Fashion Centers)
Broad-based Business Consulting Services
13. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Trade Publications (Sources)
Paris (Global Fashion Centers)
Product Development
Turnover (Dollar Merchandise Plan)
14. 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
Sources of Merchandise (Buying)
Twig (Classifications; Department Store)
In-store Success (Sources
Buyers Attend Market
15. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Central Buyer (Path for Buyers)
Store within a Store
Terms to be Negotiated (Buying)
Some samples may never be mass produced
16. Largest portion of promotion budget (approx. 1.3% of sales) - Planning - writing - design - and scheduling of paid announcements
Minor Fashion Industries (Global Fashion Centers)
Advertising
Merchandisi
Dollar Merchandise Plan
17. Television or computer shopping
Overbought
In-store Boutique
Electronic Retailing (Non-store Retailing)
Terms to be Negotiated (Buying)
18. Small operation
Catalog/Mail Order (Non-store Retai
Buyers Attend Market
Business Consultant's Services
Store Owner (Path for Buyers)
19. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
GMM (Merchandising; Retail Stores)
Shortage (Dollar Merchandise Plan)
Store Owned Organizations (Product Development Organizations
Discount Store (Specialty)
20. Shoplifting - internal theft - inaccurate records
Buyer (Retail Merchandising)
Merchandisi
Shortage (Dollar Merchandise Plan)
Store Owned Organizations (Product Development Organizations
21. Money left to buy- when merchandise NEEDS to exceed merchandise available
Catalog Showroom (Specialty)
OB
Catalog/Mail Order (Non-store Retai
Direct Selling (Non-store Retailing)
22. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
Product Development
Central Buyer (Path for Buyers)
Confined merchandis
Dallas
23. Focus specifically on product
Merchandise/Promotional (Advertising)
Breadt
Catalog/Mail Order (Non-store Retai
Store Owner (Path for Buyers)
24. 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
Look at offerings and need out and refine their line
Store Ownership Group
Lower prices
Some samples may never be mass produced
25. Mass - staples
Reporting Services (Sources)
Shopping the Stores (Sources)
Tokyo (Global Fashion Centers
Milan (Global Fashion Centers)
26. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Open-to-buy (Dollar Merchandise Plan)
Paris (Global Fashion Centers)
Market Wee
Factors to be Considered in Editing (Buying)
27. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Off-Price Store (Specialty)
Los Angeles
Terms to be Negotiated (Buying)
Open-to-buy (Dollar Merchandise Plan)
28. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
Publicity
Market
Store Ownership Group
Minor Fashion Industries (Global Fashion Centers)
29. Merchandising offerings - Appropriate for customers
Factors in Selecting a Resource (Buying
Catalog/Mail Order (Non-store Retai
Broad-based Business Consulting Services
Tokyo (Global Fashion Centers
30. When merchandise (inventory and ordered) is GREATER than need
Terms to be Negotiated (Buying)
Overbought
Store Owner (Path for Buyers)
Tokyo (Global Fashion Centers
31. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Specialty Store
Trade Associations (Sources)
Store Ownership Group
Broad-based Business Consulting Services
32. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
Milan (Global Fashion Centers)
Franchise
Stylist
In-store Boutique
33. Management consultants - Technical consultants - Import and export consultants
Broad-based Business Consulting Services
Overbought
Buyer (Retail Merchandising)
Dallas
34. Buying - selling - and planning of merchandise
Resident Buyer
Flagship (Classifications; Department Store)
Costume Designe
Merchandisi
35. Market area - Assists specialized (central) buyer
GMM (Merchandising; Retail Stores)
Merchandise/Promotional (Advertising)
Resident Buyer (Path for Buyers)
Wholesale Warehouse Clubs (Specialty)
36. Sourcing - Logistics related to - importing - Managing information systems
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37. Sales records - Sales people
Twig (Classifications; Department Store)
In-store Success (Sources
Chain Store
Two basic kinds of ratail advertising
38. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Merchandise Assortment Planning
Elements of Dollar Merchandize Plan
Regional Marts
Wholesale Warehouse Clubs (Specialty)
39. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Minor Fashion Industries (Global Fashion Centers)
Twig (Classifications; Department Store)
Discount Store (Specialty)
Gross Margin Percentage (Dollar Merchandise Plan)
40. Image Merchandise/promotional -advertising agencies bid for client accounts
Publicity
Sources of Merchandise (Buying)
Lower prices
Two basic kinds of ratail advertising
41. Manufacturers Attend Market to...
Two basic kinds of ratail advertising
Look at offerings and need out and refine their line
Lower prices
Shortage (Dollar Merchandise Plan)
42. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Using Resident Buying Offices (Sources)
Catalog/Mail Order (Non-store Retai
Breadt
Regional Marts
43. Typically 6 months prior to season
Shopping the Stores (Sources)
Market Wee
Image (Promotion)
Look at offerings and need out and refine their line
44. Conduct own research
In-store Success (Sources
Electronic Retailing (Non-store Retailing)
Publicity
Market Research (Sources)
45. Quantity of different items offered
Trade Publications (Sources)
De
Store Ownership Group
Personal Shopper
46. Large number of resources centered in 7th Avenue area - Largest and most important domestically
Limitations of regional marts
New York (Market Centers)
Market Wee
Store Owner (Path for Buyers)
47. Ads; focuses on business itself
Image (Advertising)
Turnover (Dollar Merchandise Plan)
Some samples may never be mass produced
Promotio
48. Focuses on a particular item or product
Resident Buyer (Path for Buyers)
Promotio
Vendors (Sources)
Private Label
49. Responsible for a department/area
Buyer (Merchandising; Retail Stores)
Publicity
Turnover (Dollar Merchandise Plan)
Costume Designe
50. Italian fashion - Knits - Shoes - Menswear
Trade Publications (Sources)
Milan (Global Fashion Centers)
Twig (Classifications; Department Store)
Electronic Retailing (Non-store Retailing)
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