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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. Responsible for several areas
In-store Boutique
Store Owned Organizations (Product Development Organizations
Market
DMM (Merchandising; Retail Store
2. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
Buyers Attend Market
Store Owner (Path for Buyers)
Elements of Dollar Merchandize Plan
Sources of Information (Retail Merchandising)
3. Market area - Assists specialized (central) buyer
Personal Shopper
Factors in Selecting a Resource (Buying
Resident Buyer (Path for Buyers)
Private Label
4. Most aware of what is selling (bias)
Hypermarkets (Specialty
Dallas
Open-to-buy (Dollar Merchandise Plan)
Vendors (Sources)
5. Italian fashion - Knits - Shoes - Menswear
Milan (Global Fashion Centers)
Store Owner (Path for Buyers)
DMM (Merchandising; Retail Store
Breadt
6. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
Stylist
Lower prices
Market Research (Sources)
Sources of Merchandise (Buying)
7. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
Merchandise Assortment Planning
Confined merchandis
Resident Buyer
Open-to-buy (Dollar Merchandise Plan)
8. Sourcing - Logistics related to - importing - Managing information systems
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9. Conduct own research
Market Research (Sources)
Stylist
Sources of Merchandise (Buying)
Buyer (Retail Merchandising)
10. Focuses on management and market research
Promotio
Trade Associations (Sources)
Resident Buyer
Management Consultants (Consulting Services)
11. Pay a fee for what are supposed to be wholesale prices
Independently owned services
Wholesale Warehouse Clubs (Specialty)
Confined merchandis
Catalog Showroom (Specialty)
12. Manufacturers Attend Market to...
Factors to be Considered in Editing (Buying)
Look at offerings and need out and refine their line
Franchise
Confined merchandis
13. Management consultants - Technical consultants - Import and export consultants
Off-Price Store (Specialty)
Discount Store (Specialty)
Franchise
Broad-based Business Consulting Services
14. Compare what is available from the competition
Shopping the Stores (Sources)
Wholesale Warehouse Clubs (Specialty)
Specialized Store Buyer (Path for Buyers)
Branch (Classifications; Department Store
15. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Franchise
Factors in Selecting a Resource (Buying
Catalog/Mail Order (Non-store Retai
Market
16. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Private Label
Buyer (Merchandising; Retail Stores)
Store within a Store
Gross Margin Percentage (Dollar Merchandise Plan)
17. Selling responsibilities
Specialty Store
Specialized Store Buyer (Path for Buyers)
London (Global Fashion Centers)
Hypermarkets (Specialty
18. Television or computer shopping
Business Consultant's Services
Electronic Retailing (Non-store Retailing)
Private Label
Shortage (Dollar Merchandise Plan)
19. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
Market
Two basic kinds of ratail advertising
Store within a Store
Minor Fashion Industries (Global Fashion Centers)
20. Small specialized store of a department store
Gross Margin Percentage (Dollar Merchandise Plan)
Trade Publications (Sources)
Twig (Classifications; Department Store)
Discount Store (Specialty)
21. 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
DMM (Merchandising; Retail Store
Personal Shopper
Resident Buyer
Franchise
22. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Publicity
Sources of Merchandise (Buying)
Variety Store (Specialty)
Costume Designe
23. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Branch (Classifications; Department Store
Publicity
Open-to-buy (Dollar Merchandise Plan)
Terms to be Negotiated (Buying)
24. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Look at offerings and need out and refine their line
Reporting Services (Sources)
Two basic kinds of ratail advertising
Independently Owed (Product Development Organizations)
25. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Gross Margin Percentage (Dollar Merchandise Plan)
Merchandisi
Stylist
Catalog/Mail Order (Non-store Retai
26. Merchandising - Buying - Product Development Organizations
Franchise
Paths for Buyers
Independently owned services
Paris (Global Fashion Centers)
27. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Merchandise Assortment Planning
Two basic kinds of ratail advertising
Confined merchandis
Personal Shopper
28. Larger orders may allow for...
London (Global Fashion Centers)
Product Development
GMM (Merchandising; Retail Stores)
Lower prices
29. Ads; focuses on business itself
Buyer (Retail Merchandising)
Factors to be Considered in Editing (Buying)
Off-Price Store (Specialty)
Image (Advertising)
30. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Milan (Global Fashion Centers)
Factory Outlet (Specialty)
De
Merchandise Assortment Planning
31. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Specialty Store
Lower prices
Broad-based Business Consulting Services
Branch (Classifications; Department Store
32. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
Store Owned Organizations (Product Development Organizations
Terms to be Negotiated (Buying)
Turnover (Dollar Merchandise Plan)
Buyer (Retail Merchandising)
33. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Department Store (Characteristics)
Paths for Buyers
Sources of Information (Retail Merchandising)
Confined merchandis
34. Quantity of different items offered
De
Independently owned services
London (Global Fashion Centers)
Store Ownership Group
35. Typically 6 months prior to season
Market Wee
Hypermarkets (Specialty
Catalog/Mail Order (Non-store Retai
Paths for Buyers
36. Image Merchandise/promotional -advertising agencies bid for client accounts
Turnover (Dollar Merchandise Plan)
Discount Store (Specialty)
Two basic kinds of ratail advertising
Resident Buyer (Path for Buyers)
37. Variety of low priced merchandise
Vendors (Sources)
Direct Selling (Non-store Retailing)
Variety Store (Specialty)
Branch (Classifications; Department Store
38. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Store Owned Organizations (Product Development Organizations
Independently Owed (Product Development Organizations)
Store Owner (Path for Buyers)
Resident Buyer
39. 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
Independently Owed (Product Development Organizations)
Two basic kinds of ratail advertising
Sources of Merchandise (Buying)
Chain Store
40. Small area within a store for designers or popular manufacturers
Some samples may never be mass produced
Central Buyer (Path for Buyers)
In-store Boutique
Factory Outlet (Specialty)
41. Focuses on a particular item or product
Overbought
Independently Owed (Product Development Organizations)
Promotio
Merchandisi
42. Focuses on the business itself
In-store Success (Sources
Image (Promotion)
Image (Advertising)
Milan (Global Fashion Centers)
43. Mass - staples
Tokyo (Global Fashion Centers
Buyer (Merchandising; Retail Stores)
Catalog Showroom (Specialty)
Regional Marts
44. Money left to buy- when merchandise NEEDS to exceed merchandise available
Minor Fashion Industries (Global Fashion Centers)
OB
Independently Owed (Product Development Organizations)
Buyers Attend Market
45. People who shop for clients
Paths for Buyers
Franchise
Costume Designe
Personal Shopper
46. Current information on trends
Reporting Services (Sources)
Resident Buyer
Costume Designe
Resident Buyer (Path for Buyers)
47. Regional center for bridal - evening wear
Wholesale Warehouse Clubs (Specialty)
Private Label
Dallas
Elements of Dollar Merchandize Plan
48. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Private Label
Store Owned Organizations (Product Development Organizations
Franchise
Buyer (Retail Merchandising)
49. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Factory Outlet (Specialty)
Limitations of regional marts
Reporting Services (Sources)
Elements of Dollar Merchandize Plan
50. Chain
Regional Marts
Central Buyer (Path for Buyers)
Trade Associations (Sources)
Breadt