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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 operation
Factors to be Considered in Editing (Buying)
Store Owner (Path for Buyers)
Specialty Store
Advertising
2. Current information on trends
Specialized Store Buyer (Path for Buyers)
Specialty Store
Resident Buyer
Reporting Services (Sources)
3. Focus specifically on product
Merchandise/Promotional (Advertising)
Lower prices
Terms to be Negotiated (Buying)
Direct Selling (Non-store Retailing)
4. Sales records - Sales people
Dallas
GMM (Merchandising; Retail Stores)
In-store Success (Sources
Store Owner (Path for Buyers)
5. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
Overbought
Twig (Classifications; Department Store)
Market Wee
Market
6. Focuses on management and market research
Promotio
Some samples may never be mass produced
Variety Store (Specialty)
Management Consultants (Consulting Services)
7. Develops clothing for actors in plays - movies - and television
Trade Publications (Sources)
Specialized Store Buyer (Path for Buyers)
Specialty Store
Costume Designe
8. Variety of low priced merchandise
In-store Boutique
Variety Store (Specialty)
Dollar Merchandise Plan
Branch (Classifications; Department Store
9. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
Buyers Attend Market
Store Ownership Group
Stylist
London (Global Fashion Centers)
10. Management consultants - Technical consultants - Import and export consultants
Terms to be Negotiated (Buying)
Broad-based Business Consulting Services
GMM (Merchandising; Retail Stores)
Management Consultants (Consulting Services)
11. Typically 6 months prior to season
Image (Advertising)
Hypermarkets (Specialty
Trade Associations (Sources)
Market Wee
12. People who shop for clients
Confined merchandis
Personal Shopper
Store Ownership Group
Turnover (Dollar Merchandise Plan)
13. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Open-to-buy (Dollar Merchandise Plan)
In-store Boutique
Factory Outlet (Specialty)
Terms to be Negotiated (Buying)
14. Selling responsibilities
Specialized Store Buyer (Path for Buyers)
Elements of Dollar Merchandize Plan
London (Global Fashion Centers)
Using Resident Buying Offices (Sources)
15. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Store Owned Organizations (Product Development Organizations
Publicity
Specialized Store Buyer (Path for Buyers)
Two basic kinds of ratail advertising
16. Focuses on the business itself
Factors in Selecting a Resource (Buying
Buyer (Merchandising; Retail Stores)
Image (Promotion)
Paris (Global Fashion Centers)
17. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Factory Outlet (Specialty)
Merchandise Assortment Planning
Stylist
Specialty Store
18. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Image (Promotion)
GMM (Merchandising; Retail Stores)
DMM (Merchandising; Retail Store
Independently Owed (Product Development Organizations)
19. Small specialized store of a department store
Store Owner (Path for Buyers)
Trade Publications (Sources)
Discount Store (Specialty)
Twig (Classifications; Department Store)
20. Large number of resources centered in 7th Avenue area - Largest and most important domestically
Twig (Classifications; Department Store)
New York (Market Centers)
Paths for Buyers
Electronic Retailing (Non-store Retailing)
21. Compare what is available from the competition
Buyer (Retail Merchandising)
Paris (Global Fashion Centers)
Shopping the Stores (Sources)
Publicity
22. Order from catalog and pick up immediately
Catalog Showroom (Specialty)
Trade Publications (Sources)
Advertising
Image (Advertising)
23. Responsible for establishing the store's image
Catalog Showroom (Specialty)
GMM (Merchandising; Retail Stores)
In-store Boutique
Dallas
24. Focuses on a particular item or product
De
Promotio
Some samples may never be mass produced
Advertising
25. Larger orders may allow for...
Chain Store
Lower prices
Stylist
Two basic kinds of ratail advertising
26. Mass - staples
Tokyo (Global Fashion Centers
Breadt
Dallas
Shortage (Dollar Merchandise Plan)
27. Regional center for bridal - evening wear
Dallas
In-store Success (Sources
Advertising
Overbought
28. Store owner - Specialized store buyer - Central buyer - Resident buyer
In-store Success (Sources
Breadt
Store Ownership Group
Paths for Buyers
29. Conduct own research
Independently owned services
Store within a Store
Lower prices
Market Research (Sources)
30. 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
Resident Buyer
In-store Boutique
Dollar Merchandise Plan
New York (Market Centers)
31. Chain
Shopping the Stores (Sources)
Buyer (Retail Merchandising)
Central Buyer (Path for Buyers)
OB
32. 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
In-store Success (Sources
Minor Fashion Industries (Global Fashion Centers)
Catalog Showroom (Specialty)
Chain Store
33. Money left to buy- when merchandise NEEDS to exceed merchandise available
Vendors (Sources)
Trade Associations (Sources)
OB
Management Consultants (Consulting Services)
34. WWD - DNR - stores (consumer fashion magazines)
Trade Publications (Sources)
Los Angeles
Image (Advertising)
Merchandise Assortment Planning
35. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Sources of Information (Retail Merchandising)
Breadt
Some samples may never be mass produced
Franchise
36. Buying - selling - and planning of merchandise
Look at offerings and need out and refine their line
Merchandisi
Publicity
Hypermarkets (Specialty
37. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Shopping the Stores (Sources)
Using Resident Buying Offices (Sources)
Catalog/Mail Order (Non-store Retai
Dallas
38. Store's own label for career and casual sportswear; prices vary (better to moderate)
DMM (Merchandising; Retail Store
Vendors (Sources)
Private Label
Open-to-buy (Dollar Merchandise Plan)
39. Manufacturers Attend Market to...
Central Buyer (Path for Buyers)
GMM (Merchandising; Retail Stores)
Look at offerings and need out and refine their line
Specialized Store Buyer (Path for Buyers)
40. Sourcing - Logistics related to - importing - Managing information systems
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41. 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
Factors to be Considered in Editing (Buying)
Wholesale Warehouse Clubs (Specialty)
OB
42. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line
Paris (Global Fashion Centers)
Turnover (Dollar Merchandise Plan)
Two basic kinds of ratail advertising
Shortage (Dollar Merchandise Plan)
43. Located in market
Central Buyer (Path for Buyers)
Stylist
Wholesale Warehouse Clubs (Specialty)
Using Resident Buying Offices (Sources)
44. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Factors in Selecting a Resource (Buying
Limitations of regional marts
Vendors (Sources)
Discount Store (Specialty)
45. Merchandising offerings - Appropriate for customers
Factors in Selecting a Resource (Buying
Promotio
Private Label
Gross Margin Percentage (Dollar Merchandise Plan)
46. Specialize in brand and designer name clothing at discounted prices
Reporting Services (Sources)
Milan (Global Fashion Centers)
Off-Price Store (Specialty)
Business Consultant's Services
47. 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
Specialty Store
Some samples may never be mass produced
Lower prices
Franchise
48. Figure that tells the frequency with which the stock has been sold and replaced - Goal: increase turn = keep merchandise moving
Turnover (Dollar Merchandise Plan)
Factory Outlet (Specialty)
Elements of Dollar Merchandize Plan
Paris (Global Fashion Centers)
49. 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
Branch (Classifications; Department Store
Shopping the Stores (Sources)
Buyers Attend Market
Minor Fashion Industries (Global Fashion Centers)
50. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Sources of Merchandise (Buying)
Branch (Classifications; Department Store
Paris (Global Fashion Centers)
Factors in Selecting a Resource (Buying