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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. Small area within a store for designers or popular manufacturers
Elements of Dollar Merchandize Plan
In-store Boutique
Image (Promotion)
Store Ownership Group
2. Responsible for a department/area
Factory Outlet (Specialty)
DMM (Merchandising; Retail Store
Buyer (Merchandising; Retail Stores)
Image (Advertising)
3. Store owner - Specialized store buyer - Central buyer - Resident buyer
Advertising
Trade Publications (Sources)
Paths for Buyers
Sources of Information (Retail Merchandising)
4. Television or computer shopping
Electronic Retailing (Non-store Retailing)
Image (Promotion)
Buyer (Merchandising; Retail Stores)
Merchandisi
5. Merchandising - Buying - Product Development Organizations
Independently owned services
Resident Buyer
Vendors (Sources)
Franchise
6. Focuses on the business itself
Sources of Merchandise (Buying)
Two basic kinds of ratail advertising
Image (Promotion)
Specialty Store
7. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Off-Price Store (Specialty)
Specialty Store
Gross Margin Percentage (Dollar Merchandise Plan)
Buyer (Merchandising; Retail Stores)
8. Current information on trends
Publicity
Reporting Services (Sources)
Terms to be Negotiated (Buying)
Trade Publications (Sources)
9. When merchandise (inventory and ordered) is GREATER than need
Shopping the Stores (Sources)
Wholesale Warehouse Clubs (Specialty)
Overbought
Confined merchandis
10. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Buyer (Merchandising; Retail Stores)
Sources of Merchandise (Buying)
Confined merchandis
Variety Store (Specialty)
11. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
Management Consultants (Consulting Services)
Wholesale Warehouse Clubs (Specialty)
Market
Overbought
12. Merchandising offerings - Appropriate for customers
Factors in Selecting a Resource (Buying
Specialized Store Buyer (Path for Buyers)
Milan (Global Fashion Centers)
Resident Buyer
13. Image Merchandise/promotional -advertising agencies bid for client accounts
Discount Store (Specialty)
Broad-based Business Consulting Services
Resident Buyer
Two basic kinds of ratail advertising
14. Selling responsibilities
Store Owner (Path for Buyers)
Using Resident Buying Offices (Sources)
Flagship (Classifications; Department Store)
Specialized Store Buyer (Path for Buyers)
15. Located in market
New York (Market Centers)
Sources of Information (Retail Merchandising)
Using Resident Buying Offices (Sources)
Hypermarkets (Specialty
16. 2nd largest leasing space available
Store within a Store
Paris (Global Fashion Centers)
Market Research (Sources)
Los Angeles
17. Pay a fee for what are supposed to be wholesale prices
Twig (Classifications; Department Store)
Turnover (Dollar Merchandise Plan)
Wholesale Warehouse Clubs (Specialty)
Private Label
18. Menswear
Store Owner (Path for Buyers)
London (Global Fashion Centers)
Factors to be Considered in Editing (Buying)
Paths for Buyers
19. Where store execs are housed
Flagship (Classifications; Department Store)
Los Angeles
Image (Promotion)
Elements of Dollar Merchandize Plan
20. Most aware of what is selling (bias)
GMM (Merchandising; Retail Stores)
Turnover (Dollar Merchandise Plan)
Buyers Attend Market
Vendors (Sources)
21. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Electronic Retailing (Non-store Retailing)
Chain Store
Merchandise Assortment Planning
Specialized Store Buyer (Path for Buyers)
22. Italian fashion - Knits - Shoes - Menswear
Limitations of regional marts
Catalog/Mail Order (Non-store Retai
Shortage (Dollar Merchandise Plan)
Milan (Global Fashion Centers)
23. Sometimes called the 6 month plan - Balances planned stock and planned sales in dollars - Previous 6 months plan is used as a guideline
Dollar Merchandise Plan
Product Development
Market
Trade Associations (Sources)
24. Not paid for by the retailer and the retailer doesn't have control over what is said
Electronic Retailing (Non-store Retailing)
Publicity
Some samples may never be mass produced
Catalog Showroom (Specialty)
25. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
Shortage (Dollar Merchandise Plan)
Confined merchandis
Shopping the Stores (Sources)
Central Buyer (Path for Buyers)
26. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Wholesale Warehouse Clubs (Specialty)
Two basic kinds of ratail advertising
Los Angeles
Gross Margin Percentage (Dollar Merchandise Plan)
27. Mass - staples
Minor Fashion Industries (Global Fashion Centers)
Factors in Selecting a Resource (Buying
Tokyo (Global Fashion Centers
Twig (Classifications; Department Store)
28. Large number of resources centered in 7th Avenue area - Largest and most important domestically
New York (Market Centers)
Factors in Selecting a Resource (Buying
London (Global Fashion Centers)
Merchandise/Promotional (Advertising)
29. Door-to-door or house parties
Buyer (Retail Merchandising)
Direct Selling (Non-store Retailing)
Image (Promotion)
OB
30. Small specialized store of a department store
Reporting Services (Sources)
Twig (Classifications; Department Store)
Elements of Dollar Merchandize Plan
Store Owned Organizations (Product Development Organizations
31. People who shop for clients
Lower prices
Two basic kinds of ratail advertising
Personal Shopper
Image (Advertising)
32. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
OB
Factory Outlet (Specialty)
Store Owned Organizations (Product Development Organizations
Using Resident Buying Offices (Sources)
33. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Franchise
Resident Buyer (Path for Buyers)
Product Development
Merchandise/Promotional (Advertising)
34. Management consultants - Technical consultants - Import and export consultants
Off-Price Store (Specialty)
Market
Broad-based Business Consulting Services
Buyer (Retail Merchandising)
35. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
Hypermarkets (Specialty
Paths for Buyers
Broad-based Business Consulting Services
Store Ownership Group
36. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
Terms to be Negotiated (Buying)
Vendors (Sources)
Buyer (Retail Merchandising)
Turnover (Dollar Merchandise Plan)
37. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Franchise
Merchandise/Promotional (Advertising)
Trade Associations (Sources)
Product Development
38. Focuses on a particular item or product
Advertising
Promotio
Department Store (Characteristics)
Merchandise Assortment Planning
39. Focus specifically on product
De
Merchandise/Promotional (Advertising)
Variety Store (Specialty)
Buyers Attend Market
40. Market area - Assists specialized (central) buyer
Resident Buyer (Path for Buyers)
Terms to be Negotiated (Buying)
Minor Fashion Industries (Global Fashion Centers)
Reporting Services (Sources)
41. Focuses on management and market research
Wholesale Warehouse Clubs (Specialty)
Factors to be Considered in Editing (Buying)
Management Consultants (Consulting Services)
OB
42. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Buyers Attend Market
Elements of Dollar Merchandize Plan
Off-Price Store (Specialty)
Paths for Buyers
43. Variety of low priced merchandise
DMM (Merchandising; Retail Store
Variety Store (Specialty)
Tokyo (Global Fashion Centers
Image (Advertising)
44. 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
Store Ownership Group
Image (Advertising)
Branch (Classifications; Department Store
Some samples may never be mass produced
45. Compare what is available from the competition
Sources of Information (Retail Merchandising)
Shopping the Stores (Sources)
Confined merchandis
Department Store (Characteristics)
46. 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
Minor Fashion Industries (Global Fashion Centers)
Branch (Classifications; Department Store
Chain Store
Off-Price Store (Specialty)
47. Specialize in brand and designer name clothing at discounted prices
Off-Price Store (Specialty)
Overbought
Breadt
Advertising
48. Typically 6 months prior to season
Sources of Merchandise (Buying)
Market Wee
Specialized Store Buyer (Path for Buyers)
Open-to-buy (Dollar Merchandise Plan)
49. WWD - DNR - stores (consumer fashion magazines)
Branch (Classifications; Department Store
Store Ownership Group
Paris (Global Fashion Centers)
Trade Publications (Sources)
50. Store's own label for career and casual sportswear; prices vary (better to moderate)
In-store Boutique
Private Label
Buyer (Merchandising; Retail Stores)
Two basic kinds of ratail advertising