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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. Current information on trends
Franchise
Direct Selling (Non-store Retailing)
Reporting Services (Sources)
Management Consultants (Consulting Services)
2. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Merchandise Assortment Planning
Wholesale Warehouse Clubs (Specialty)
Factory Outlet (Specialty)
Catalog Showroom (Specialty)
3. Market area - Assists specialized (central) buyer
Shopping the Stores (Sources)
Off-Price Store (Specialty)
In-store Success (Sources
Resident Buyer (Path for Buyers)
4. Ads; focuses on business itself
GMM (Merchandising; Retail Stores)
Turnover (Dollar Merchandise Plan)
Image (Advertising)
Tokyo (Global Fashion Centers
5. Develops clothing for actors in plays - movies - and television
Dollar Merchandise Plan
Minor Fashion Industries (Global Fashion Centers)
Costume Designe
GMM (Merchandising; Retail Stores)
6. Small operation
Store Owner (Path for Buyers)
Confined merchandis
Personal Shopper
Central Buyer (Path for Buyers)
7. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Costume Designe
Look at offerings and need out and refine their line
Catalog/Mail Order (Non-store Retai
Market Research (Sources)
8. Cotton Inc. - Wool Bureau
Vendors (Sources)
Stylist
Personal Shopper
Trade Associations (Sources)
9. Centrally located/organized with merchandising and buying in a central headquarters - Most of the separate stores look alike and carry the same merchandise - Example = Target
Regional Marts
Chain Store
Advertising
Buyers Attend Market
10. People who shop for clients
Dallas
Open-to-buy (Dollar Merchandise Plan)
Publicity
Personal Shopper
11. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Discount Store (Specialty)
Stylist
Factors in Selecting a Resource (Buying
Factors to be Considered in Editing (Buying)
12. 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
Terms to be Negotiated (Buying)
Factory Outlet (Specialty)
Regional Marts
Independently Owed (Product Development Organizations)
13. Manufacturers may not always produce everything they show in regional market (even if orders have been placed) - May not have many new manufacturers
Limitations of regional marts
Trade Associations (Sources)
Sources of Information (Retail Merchandising)
In-store Success (Sources
14. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Merchandise/Promotional (Advertising)
Product Development
Overbought
Discount Store (Specialty)
15. 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
Trade Publications (Sources)
Elements of Dollar Merchandize Plan
Chain Store
Resident Buyer
16. Large number of resources centered in 7th Avenue area - Largest and most important domestically
Terms to be Negotiated (Buying)
Regional Marts
New York (Market Centers)
London (Global Fashion Centers)
17. When merchandise (inventory and ordered) is GREATER than need
Paths for Buyers
Overbought
Twig (Classifications; Department Store)
Variety Store (Specialty)
18. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
DMM (Merchandising; Retail Store
Sources of Information (Retail Merchandising)
Turnover (Dollar Merchandise Plan)
Dollar Merchandise Plan
19. Not paid for by the retailer and the retailer doesn't have control over what is said
Stylist
Using Resident Buying Offices (Sources)
Publicity
Central Buyer (Path for Buyers)
20. Store owner - Specialized store buyer - Central buyer - Resident buyer
Image (Promotion)
Merchandise/Promotional (Advertising)
Paths for Buyers
Reporting Services (Sources)
21. Chain
Publicity
Catalog Showroom (Specialty)
Market
Central Buyer (Path for Buyers)
22. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Promotio
Open-to-buy (Dollar Merchandise Plan)
In-store Boutique
Market Wee
23. Management consultants - Technical consultants - Import and export consultants
Trade Associations (Sources)
Catalog Showroom (Specialty)
Private Label
Broad-based Business Consulting Services
24. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
Buyer (Retail Merchandising)
De
Central Buyer (Path for Buyers)
Confined merchandis
25. Door-to-door or house parties
Direct Selling (Non-store Retailing)
Independently owned services
Advertising
Catalog Showroom (Specialty)
26. Responsible for a department/area
Chain Store
Buyer (Merchandising; Retail Stores)
Catalog/Mail Order (Non-store Retai
Merchandisi
27. Menswear
Sources of Merchandise (Buying)
Private Label
London (Global Fashion Centers)
Elements of Dollar Merchandize Plan
28. Responsible for several areas
DMM (Merchandising; Retail Store
Trade Associations (Sources)
Using Resident Buying Offices (Sources)
Elements of Dollar Merchandize Plan
29. Regional center for bridal - evening wear
Market Research (Sources)
Dallas
Flagship (Classifications; Department Store)
Sources of Information (Retail Merchandising)
30. Focus specifically on product
Merchandise/Promotional (Advertising)
In-store Success (Sources
Overbought
OB
31. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
Stylist
Specialty Store
New York (Market Centers)
Flagship (Classifications; Department Store)
32. Mass - staples
Tokyo (Global Fashion Centers
Resident Buyer
Buyer (Retail Merchandising)
GMM (Merchandising; Retail Stores)
33. Manufacturers Attend Market to...
Independently Owed (Product Development Organizations)
Sources of Information (Retail Merchandising)
Specialized Store Buyer (Path for Buyers)
Look at offerings and need out and refine their line
34. Conduct own research
GMM (Merchandising; Retail Stores)
Resident Buyer
Market Research (Sources)
Trade Associations (Sources)
35. WWD - DNR - stores (consumer fashion magazines)
Gross Margin Percentage (Dollar Merchandise Plan)
Trade Publications (Sources)
Independently Owed (Product Development Organizations)
Image (Promotion)
36. Where store execs are housed
Flagship (Classifications; Department Store)
De
Discount Store (Specialty)
Paths for Buyers
37. Largest portion of promotion budget (approx. 1.3% of sales) - Planning - writing - design - and scheduling of paid announcements
Factors in Selecting a Resource (Buying
Advertising
Resident Buyer
Vendors (Sources)
38. Sales records - Sales people
In-store Boutique
Two basic kinds of ratail advertising
In-store Success (Sources
Market Wee
39. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Department Store (Characteristics)
Management Consultants (Consulting Services)
Chain Store
Buyer (Retail Merchandising)
40. Variety of low priced merchandise
Variety Store (Specialty)
Factors to be Considered in Editing (Buying)
Shopping the Stores (Sources)
Resident Buyer
41. Specialize in brand and designer name clothing at discounted prices
Store Owned Organizations (Product Development Organizations
Off-Price Store (Specialty)
Hypermarkets (Specialty
Gross Margin Percentage (Dollar Merchandise Plan)
42. Focuses on the business itself
Vendors (Sources)
Image (Promotion)
Costume Designe
Catalog/Mail Order (Non-store Retai
43. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
Merchandise/Promotional (Advertising)
Management Consultants (Consulting Services)
Using Resident Buying Offices (Sources)
Store Ownership Group
44. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
Business Consultant's Services
Personal Shopper
Wholesale Warehouse Clubs (Specialty)
Market
45. Buying - selling - and planning of merchandise
Store Ownership Group
Lower prices
Merchandisi
Broad-based Business Consulting Services
46. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Merchandisi
Image (Advertising)
Hypermarkets (Specialty
Off-Price Store (Specialty)
47. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Breadt
Dallas
Overbought
Buyer (Retail Merchandising)
48. Compare what is available from the competition
Merchandise Assortment Planning
Independently Owed (Product Development Organizations)
Shopping the Stores (Sources)
Variety Store (Specialty)
49. Number of different items offered
Resident Buyer
Breadt
Stylist
Merchandise/Promotional (Advertising)
50. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line
Paris (Global Fashion Centers)
Resident Buyer (Path for Buyers)
Discount Store (Specialty)
Market