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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. 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
In-store Success (Sources
Electronic Retailing (Non-store Retailing)
Regional Marts
Sources of Information (Retail Merchandising)
2. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Product Development
Wholesale Warehouse Clubs (Specialty)
Limitations of regional marts
Management Consultants (Consulting Services)
3. Order from catalog and pick up immediately
Catalog Showroom (Specialty)
Buyer (Retail Merchandising)
Image (Promotion)
Trade Associations (Sources)
4. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Minor Fashion Industries (Global Fashion Centers)
Open-to-buy (Dollar Merchandise Plan)
Flagship (Classifications; Department Store)
Buyer (Merchandising; Retail Stores)
5. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Hypermarkets (Specialty
Catalog/Mail Order (Non-store Retai
Flagship (Classifications; Department Store)
Central Buyer (Path for Buyers)
6. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Market Research (Sources)
Hypermarkets (Specialty
Some samples may never be mass produced
Resident Buyer (Path for Buyers)
7. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Specialty Store
Resident Buyer (Path for Buyers)
Factors to be Considered in Editing (Buying)
Confined merchandis
8. Small specialized store of a department store
Business Consultant's Services
Variety Store (Specialty)
Twig (Classifications; Department Store)
Buyer (Merchandising; Retail Stores)
9. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Broad-based Business Consulting Services
Gross Margin Percentage (Dollar Merchandise Plan)
Franchise
Independently owned services
10. Store's own label for career and casual sportswear; prices vary (better to moderate)
In-store Success (Sources
Private Label
Merchandise Assortment Planning
Market Research (Sources)
11. Buying - selling - and planning of merchandise
Resident Buyer
Product Development
Merchandisi
Broad-based Business Consulting Services
12. Small operation
Specialized Store Buyer (Path for Buyers)
Franchise
Store Owner (Path for Buyers)
Vendors (Sources)
13. Merchandising - Buying - Product Development Organizations
Chain Store
Trade Publications (Sources)
Terms to be Negotiated (Buying)
Independently owned services
14. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
Breadt
Look at offerings and need out and refine their line
Stylist
Twig (Classifications; Department Store)
15. Italian fashion - Knits - Shoes - Menswear
Milan (Global Fashion Centers)
Broad-based Business Consulting Services
Limitations of regional marts
Costume Designe
16. Small area within a store for designers or popular manufacturers
Private Label
Costume Designe
In-store Boutique
London (Global Fashion Centers)
17. Manufacturers may not always produce everything they show in regional market (even if orders have been placed) - May not have many new manufacturers
Trade Associations (Sources)
De
Limitations of regional marts
Catalog/Mail Order (Non-store Retai
18. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
Lower prices
Private Label
Franchise
Store Ownership Group
19. Focuses on management and market research
Management Consultants (Consulting Services)
Hypermarkets (Specialty
Elements of Dollar Merchandize Plan
Chain Store
20. Conduct own research
Discount Store (Specialty)
Specialized Store Buyer (Path for Buyers)
GMM (Merchandising; Retail Stores)
Market Research (Sources)
21. Most aware of what is selling (bias)
Specialty Store
Buyers Attend Market
Sources of Merchandise (Buying)
Vendors (Sources)
22. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
Paths for Buyers
Management Consultants (Consulting Services)
Resident Buyer
Terms to be Negotiated (Buying)
23. WWD - DNR - stores (consumer fashion magazines)
Trade Publications (Sources)
Promotio
Store Owned Organizations (Product Development Organizations
Milan (Global Fashion Centers)
24. Develops clothing for actors in plays - movies - and television
Product Development
Costume Designe
Resident Buyer (Path for Buyers)
Department Store (Characteristics)
25. Number of different items offered
Breadt
Shortage (Dollar Merchandise Plan)
Discount Store (Specialty)
Some samples may never be mass produced
26. Pay a fee for what are supposed to be wholesale prices
London (Global Fashion Centers)
Market Wee
Wholesale Warehouse Clubs (Specialty)
Breadt
27. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Minor Fashion Industries (Global Fashion Centers)
Turnover (Dollar Merchandise Plan)
Shopping the Stores (Sources)
Gross Margin Percentage (Dollar Merchandise Plan)
28. Sourcing - Logistics related to - importing - Managing information systems
29. Door-to-door or house parties
Shopping the Stores (Sources)
Gross Margin Percentage (Dollar Merchandise Plan)
Overbought
Direct Selling (Non-store Retailing)
30. Focus specifically on product
Los Angeles
Reporting Services (Sources)
Merchandise/Promotional (Advertising)
Sources of Merchandise (Buying)
31. Market area - Assists specialized (central) buyer
Trade Associations (Sources)
London (Global Fashion Centers)
Resident Buyer (Path for Buyers)
In-store Boutique
32. Germany - Spain - Eastern Block
Factors in Selecting a Resource (Buying
Turnover (Dollar Merchandise Plan)
Image (Promotion)
Minor Fashion Industries (Global Fashion Centers)
33. Ads; focuses on business itself
Image (Advertising)
Terms to be Negotiated (Buying)
New York (Market Centers)
Specialty Store
34. Quantity of different items offered
Flagship (Classifications; Department Store)
Buyer (Merchandising; Retail Stores)
De
Specialty Store
35. Where store execs are housed
Flagship (Classifications; Department Store)
Limitations of regional marts
GMM (Merchandising; Retail Stores)
Elements of Dollar Merchandize Plan
36. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Factory Outlet (Specialty)
Branch (Classifications; Department Store
In-store Success (Sources
Trade Associations (Sources)
37. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Independently owned services
Discount Store (Specialty)
Using Resident Buying Offices (Sources)
Chain Store
38. Shoplifting - internal theft - inaccurate records
Franchise
Breadt
Sources of Information (Retail Merchandising)
Shortage (Dollar Merchandise Plan)
39. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line
Paris (Global Fashion Centers)
Catalog/Mail Order (Non-store Retai
Merchandise Assortment Planning
Open-to-buy (Dollar Merchandise Plan)
40. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
Reporting Services (Sources)
Dollar Merchandise Plan
Sources of Information (Retail Merchandising)
Promotio
41. Image Merchandise/promotional -advertising agencies bid for client accounts
Two basic kinds of ratail advertising
Terms to be Negotiated (Buying)
Catalog/Mail Order (Non-store Retai
Overbought
42. Sales records - Sales people
In-store Success (Sources
Resident Buyer
OB
Management Consultants (Consulting Services)
43. Current information on trends
Reporting Services (Sources)
Catalog Showroom (Specialty)
Dallas
Buyer (Merchandising; Retail Stores)
44. Focuses on a particular item or product
Promotio
Image (Promotion)
Chain Store
Central Buyer (Path for Buyers)
45. People who shop for clients
Some samples may never be mass produced
Buyer (Retail Merchandising)
Personal Shopper
Store Owner (Path for Buyers)
46. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Buyer (Retail Merchandising)
Specialized Store Buyer (Path for Buyers)
In-store Boutique
Confined merchandis
47. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Lower prices
Limitations of regional marts
Two basic kinds of ratail advertising
Merchandise Assortment Planning
48. Not paid for by the retailer and the retailer doesn't have control over what is said
Some samples may never be mass produced
Flagship (Classifications; Department Store)
Publicity
Buyers Attend Market
49. Specialize in brand and designer name clothing at discounted prices
Merchandise/Promotional (Advertising)
Merchandisi
Private Label
Off-Price Store (Specialty)
50. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Market Wee
Publicity
Factors to be Considered in Editing (Buying)
Independently Owed (Product Development Organizations)