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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. Market area - Assists specialized (central) buyer
Resident Buyer (Path for Buyers)
Image (Advertising)
Breadt
Some samples may never be mass produced
2. Buying - selling - and planning of merchandise
Using Resident Buying Offices (Sources)
Merchandisi
Specialty Store
Vendors (Sources)
3. Manufacturers may not always produce everything they show in regional market (even if orders have been placed) - May not have many new manufacturers
Open-to-buy (Dollar Merchandise Plan)
Merchandise Assortment Planning
Hypermarkets (Specialty
Limitations of regional marts
4. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
New York (Market Centers)
Business Consultant's Services
Flagship (Classifications; Department Store)
Terms to be Negotiated (Buying)
5. Television or computer shopping
Los Angeles
Buyer (Merchandising; Retail Stores)
OB
Electronic Retailing (Non-store Retailing)
6. Management consultants - Technical consultants - Import and export consultants
Factors in Selecting a Resource (Buying
Direct Selling (Non-store Retailing)
Store within a Store
Broad-based Business Consulting Services
7. Current information on trends
Elements of Dollar Merchandize Plan
Reporting Services (Sources)
Hypermarkets (Specialty
Personal Shopper
8. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Franchise
Broad-based Business Consulting Services
Dallas
Business Consultant's Services
9. Where store execs are housed
Costume Designe
Broad-based Business Consulting Services
Flagship (Classifications; Department Store)
Merchandise/Promotional (Advertising)
10. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
Limitations of regional marts
Dollar Merchandise Plan
Sources of Information (Retail Merchandising)
Minor Fashion Industries (Global Fashion Centers)
11. People who shop for clients
Broad-based Business Consulting Services
Personal Shopper
Store Owned Organizations (Product Development Organizations
Buyer (Merchandising; Retail Stores)
12. Sometimes called the 6 month plan - Balances planned stock and planned sales in dollars - Previous 6 months plan is used as a guideline
Elements of Dollar Merchandize Plan
Confined merchandis
Independently Owed (Product Development Organizations)
Dollar Merchandise Plan
13. Specialize in brand and designer name clothing at discounted prices
In-store Boutique
Image (Promotion)
Lower prices
Off-Price Store (Specialty)
14. Small area within a store for designers or popular manufacturers
Trade Associations (Sources)
Limitations of regional marts
Central Buyer (Path for Buyers)
In-store Boutique
15. Sales records - Sales people
In-store Success (Sources
Shortage (Dollar Merchandise Plan)
Dallas
Management Consultants (Consulting Services)
16. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Store Owned Organizations (Product Development Organizations
Personal Shopper
Dollar Merchandise Plan
Hypermarkets (Specialty
17. Compare what is available from the competition
Central Buyer (Path for Buyers)
Shopping the Stores (Sources)
DMM (Merchandising; Retail Store
Management Consultants (Consulting Services)
18. 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
Paris (Global Fashion Centers)
Buyers Attend Market
Market Wee
Overbought
19. Pay a fee for what are supposed to be wholesale prices
Breadt
Factory Outlet (Specialty)
Wholesale Warehouse Clubs (Specialty)
Minor Fashion Industries (Global Fashion Centers)
20. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Merchandise Assortment Planning
Hypermarkets (Specialty
Store Owner (Path for Buyers)
London (Global Fashion Centers)
21. Focuses on a particular item or product
Promotio
Shopping the Stores (Sources)
Private Label
Paris (Global Fashion Centers)
22. 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
Image (Advertising)
Chain Store
Broad-based Business Consulting Services
Specialty Store
23. Responsible for several areas
Publicity
Chain Store
DMM (Merchandising; Retail Store
Buyers Attend Market
24. Mass - staples
Trade Publications (Sources)
Tokyo (Global Fashion Centers
Using Resident Buying Offices (Sources)
In-store Boutique
25. Store's own label for career and casual sportswear; prices vary (better to moderate)
Buyer (Retail Merchandising)
Resident Buyer
Twig (Classifications; Department Store)
Private Label
26. Typically 6 months prior to season
Paths for Buyers
Market Wee
Promotio
Factory Outlet (Specialty)
27. When merchandise (inventory and ordered) is GREATER than need
Tokyo (Global Fashion Centers
Product Development
Overbought
In-store Success (Sources
28. Focus specifically on product
Reporting Services (Sources)
Vendors (Sources)
Shopping the Stores (Sources)
Merchandise/Promotional (Advertising)
29. Large number of resources centered in 7th Avenue area - Largest and most important domestically
Resident Buyer
New York (Market Centers)
Los Angeles
Resident Buyer (Path for Buyers)
30. WWD - DNR - stores (consumer fashion magazines)
Market
Independently owned services
Some samples may never be mass produced
Trade Publications (Sources)
31. Store owner - Specialized store buyer - Central buyer - Resident buyer
Paths for Buyers
Costume Designe
Merchandise Assortment Planning
Franchise
32. Number of different items offered
Breadt
Merchandisi
OB
Look at offerings and need out and refine their line
33. Ads; focuses on business itself
Image (Advertising)
Product Development
Chain Store
Image (Promotion)
34. Small specialized store of a department store
Store Owned Organizations (Product Development Organizations
Twig (Classifications; Department Store)
Look at offerings and need out and refine their line
Buyer (Retail Merchandising)
35. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
Store Owned Organizations (Product Development Organizations
Market
Department Store (Characteristics)
In-store Boutique
36. 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
Department Store (Characteristics)
Advertising
Vendors (Sources)
Some samples may never be mass produced
37. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Catalog/Mail Order (Non-store Retai
Twig (Classifications; Department Store)
Store Owner (Path for Buyers)
In-store Success (Sources
38. Conduct own research
Publicity
Gross Margin Percentage (Dollar Merchandise Plan)
Market Research (Sources)
Merchandisi
39. Not paid for by the retailer and the retailer doesn't have control over what is said
Franchise
Publicity
Shortage (Dollar Merchandise Plan)
Limitations of regional marts
40. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Twig (Classifications; Department Store)
Elements of Dollar Merchandize Plan
Buyer (Retail Merchandising)
In-store Success (Sources
41. Regional center for bridal - evening wear
Personal Shopper
Dallas
Costume Designe
Stylist
42. Most aware of what is selling (bias)
Branch (Classifications; Department Store
Market
Vendors (Sources)
Stylist
43. Manufacturers Attend Market to...
Look at offerings and need out and refine their line
Trade Associations (Sources)
Independently owned services
Sources of Information (Retail Merchandising)
44. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Elements of Dollar Merchandize Plan
Buyer (Retail Merchandising)
Branch (Classifications; Department Store
In-store Boutique
45. Develops clothing for actors in plays - movies - and television
Costume Designe
Image (Advertising)
Variety Store (Specialty)
Central Buyer (Path for Buyers)
46. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Store Ownership Group
Resident Buyer (Path for Buyers)
Specialty Store
Overbought
47. Variety of low priced merchandise
Store Owner (Path for Buyers)
Broad-based Business Consulting Services
Variety Store (Specialty)
Dallas
48. Selling responsibilities
Regional Marts
Shortage (Dollar Merchandise Plan)
Costume Designe
Specialized Store Buyer (Path for Buyers)
49. Small operation
Store Owner (Path for Buyers)
Los Angeles
Department Store (Characteristics)
Reporting Services (Sources)
50. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Merchandise/Promotional (Advertising)
Store Owned Organizations (Product Development Organizations
Trade Publications (Sources)
Store within a Store