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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. Focus specifically on product
Merchandise/Promotional (Advertising)
Management Consultants (Consulting Services)
Specialized Store Buyer (Path for Buyers)
Shortage (Dollar Merchandise Plan)
2. Most aware of what is selling (bias)
Flagship (Classifications; Department Store)
GMM (Merchandising; Retail Stores)
Vendors (Sources)
Minor Fashion Industries (Global Fashion Centers)
3. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
Market Research (Sources)
Resident Buyer (Path for Buyers)
Confined merchandis
Buyer (Retail Merchandising)
4. Selling responsibilities
Sources of Information (Retail Merchandising)
Specialized Store Buyer (Path for Buyers)
Advertising
London (Global Fashion Centers)
5. Store open another facility in a different location - often in suburbs
Branch (Classifications; Department Store
In-store Success (Sources
De
Business Consultant's Services
6. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Store within a Store
Some samples may never be mass produced
Using Resident Buying Offices (Sources)
Publicity
7. Management consultants - Technical consultants - Import and export consultants
Advertising
Minor Fashion Industries (Global Fashion Centers)
Wholesale Warehouse Clubs (Specialty)
Broad-based Business Consulting Services
8. Focuses on a particular item or product
Independently Owed (Product Development Organizations)
Promotio
Store within a Store
In-store Success (Sources
9. Merchandising offerings - Appropriate for customers
Regional Marts
Factors in Selecting a Resource (Buying
Look at offerings and need out and refine their line
De
10. WWD - DNR - stores (consumer fashion magazines)
Turnover (Dollar Merchandise Plan)
Breadt
Trade Publications (Sources)
Variety Store (Specialty)
11. Specialize in brand and designer name clothing at discounted prices
Flagship (Classifications; Department Store)
Trade Associations (Sources)
Vendors (Sources)
Off-Price Store (Specialty)
12. Compare what is available from the competition
Look at offerings and need out and refine their line
Shopping the Stores (Sources)
Merchandise/Promotional (Advertising)
GMM (Merchandising; Retail Stores)
13. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Merchandisi
Elements of Dollar Merchandize Plan
Business Consultant's Services
New York (Market Centers)
14. Store's own label for career and casual sportswear; prices vary (better to moderate)
Factory Outlet (Specialty)
Personal Shopper
Private Label
Store Owner (Path for Buyers)
15. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Off-Price Store (Specialty)
Sources of Merchandise (Buying)
Buyers Attend Market
Vendors (Sources)
16. Image Merchandise/promotional -advertising agencies bid for client accounts
Image (Advertising)
Dollar Merchandise Plan
Store Ownership Group
Two basic kinds of ratail advertising
17. Merchandising - Buying - Product Development Organizations
Private Label
Market
Factory Outlet (Specialty)
Independently owned services
18. Variety of low priced merchandise
Gross Margin Percentage (Dollar Merchandise Plan)
Breadt
Milan (Global Fashion Centers)
Variety Store (Specialty)
19. 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
Trade Associations (Sources)
Promotio
Some samples may never be mass produced
DMM (Merchandising; Retail Store
20. When merchandise (inventory and ordered) is GREATER than need
Overbought
Hypermarkets (Specialty
Image (Promotion)
Vendors (Sources)
21. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Hypermarkets (Specialty
Reporting Services (Sources)
Branch (Classifications; Department Store
In-store Boutique
22. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
Factors in Selecting a Resource (Buying
Discount Store (Specialty)
Market
Reporting Services (Sources)
23. Menswear
Resident Buyer (Path for Buyers)
London (Global Fashion Centers)
Store within a Store
Management Consultants (Consulting Services)
24. Regional center for bridal - evening wear
Dallas
Personal Shopper
Los Angeles
Private Label
25. Order from catalog and pick up immediately
Promotio
Store within a Store
Catalog Showroom (Specialty)
Flagship (Classifications; Department Store)
26. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Private Label
Merchandise/Promotional (Advertising)
Buyer (Retail Merchandising)
Factors in Selecting a Resource (Buying
27. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
Independently owned services
Tokyo (Global Fashion Centers
Store Ownership Group
Twig (Classifications; Department Store)
28. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Merchandise/Promotional (Advertising)
Discount Store (Specialty)
DMM (Merchandising; Retail Store
Broad-based Business Consulting Services
29. Small area within a store for designers or popular manufacturers
Trade Publications (Sources)
In-store Boutique
De
Stylist
30. Pay a fee for what are supposed to be wholesale prices
Minor Fashion Industries (Global Fashion Centers)
Resident Buyer
Broad-based Business Consulting Services
Wholesale Warehouse Clubs (Specialty)
31. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Department Store (Characteristics)
Regional Marts
Resident Buyer
Merchandisi
32. Sometimes called the 6 month plan - Balances planned stock and planned sales in dollars - Previous 6 months plan is used as a guideline
Store within a Store
Limitations of regional marts
Wholesale Warehouse Clubs (Specialty)
Dollar Merchandise Plan
33. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Resident Buyer
Franchise
Merchandisi
De
34. Develops clothing for actors in plays - movies - and television
Costume Designe
Personal Shopper
Trade Associations (Sources)
Department Store (Characteristics)
35. Money left to buy- when merchandise NEEDS to exceed merchandise available
OB
Costume Designe
Some samples may never be mass produced
Trade Associations (Sources)
36. Store owner - Specialized store buyer - Central buyer - Resident buyer
Paths for Buyers
Franchise
DMM (Merchandising; Retail Store
Reporting Services (Sources)
37. Market area - Assists specialized (central) buyer
Management Consultants (Consulting Services)
Resident Buyer (Path for Buyers)
Look at offerings and need out and refine their line
Direct Selling (Non-store Retailing)
38. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Paths for Buyers
Resident Buyer (Path for Buyers)
Specialty Store
GMM (Merchandising; Retail Stores)
39. Current information on trends
Reporting Services (Sources)
Publicity
Paris (Global Fashion Centers)
Specialized Store Buyer (Path for Buyers)
40. 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
Terms to be Negotiated (Buying)
Buyers Attend Market
Twig (Classifications; Department Store)
Advertising
41. Sales records - Sales people
Confined merchandis
Costume Designe
In-store Success (Sources
Open-to-buy (Dollar Merchandise Plan)
42. Small operation
Sources of Information (Retail Merchandising)
Store Owner (Path for Buyers)
Open-to-buy (Dollar Merchandise Plan)
Merchandise/Promotional (Advertising)
43. People who shop for clients
Vendors (Sources)
Personal Shopper
Branch (Classifications; Department Store
Using Resident Buying Offices (Sources)
44. Television or computer shopping
Electronic Retailing (Non-store Retailing)
Catalog Showroom (Specialty)
Confined merchandis
DMM (Merchandising; Retail Store
45. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Lower prices
Twig (Classifications; Department Store)
Hypermarkets (Specialty
Catalog/Mail Order (Non-store Retai
46. Manufacturers Attend Market to...
Factors to be Considered in Editing (Buying)
Look at offerings and need out and refine their line
Merchandisi
Trade Associations (Sources)
47. Mass - staples
Dollar Merchandise Plan
Stylist
Store Owned Organizations (Product Development Organizations
Tokyo (Global Fashion Centers
48. 2nd largest leasing space available
Merchandise/Promotional (Advertising)
Los Angeles
Shopping the Stores (Sources)
Tokyo (Global Fashion Centers
49. Shoplifting - internal theft - inaccurate records
Image (Promotion)
Shortage (Dollar Merchandise Plan)
Stylist
Image (Advertising)
50. Quantity of different items offered
Merchandisi
De
Publicity
Advertising
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