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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. Cotton Inc. - Wool Bureau
Minor Fashion Industries (Global Fashion Centers)
Vendors (Sources)
Look at offerings and need out and refine their line
Trade Associations (Sources)
2. Focuses on the business itself
Confined merchandis
Buyers Attend Market
Shopping the Stores (Sources)
Image (Promotion)
3. People who shop for clients
In-store Success (Sources
Personal Shopper
Private Label
Sources of Information (Retail Merchandising)
4. Merchandising - Buying - Product Development Organizations
Turnover (Dollar Merchandise Plan)
Independently owned services
Market Wee
Elements of Dollar Merchandize Plan
5. Large number of resources centered in 7th Avenue area - Largest and most important domestically
Market Research (Sources)
Shortage (Dollar Merchandise Plan)
Sources of Information (Retail Merchandising)
New York (Market Centers)
6. Develops clothing for actors in plays - movies - and television
Two basic kinds of ratail advertising
Costume Designe
Gross Margin Percentage (Dollar Merchandise Plan)
Regional Marts
7. Germany - Spain - Eastern Block
Image (Advertising)
Personal Shopper
Minor Fashion Industries (Global Fashion Centers)
Resident Buyer
8. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
GMM (Merchandising; Retail Stores)
Catalog/Mail Order (Non-store Retai
Factory Outlet (Specialty)
Trade Publications (Sources)
9. Focus specifically on product
Electronic Retailing (Non-store Retailing)
Store Owned Organizations (Product Development Organizations
Merchandise/Promotional (Advertising)
New York (Market Centers)
10. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Terms to be Negotiated (Buying)
Advertising
Store Owner (Path for Buyers)
Product Development
11. Number of different items offered
Open-to-buy (Dollar Merchandise Plan)
Breadt
Minor Fashion Industries (Global Fashion Centers)
Reporting Services (Sources)
12. Selling responsibilities
Specialized Store Buyer (Path for Buyers)
Dallas
Resident Buyer
Reporting Services (Sources)
13. Order from catalog and pick up immediately
Paris (Global Fashion Centers)
Sources of Merchandise (Buying)
Flagship (Classifications; Department Store)
Catalog Showroom (Specialty)
14. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Store within a Store
Publicity
Variety Store (Specialty)
Branch (Classifications; Department Store
15. Most aware of what is selling (bias)
Specialized Store Buyer (Path for Buyers)
Vendors (Sources)
Stylist
Using Resident Buying Offices (Sources)
16. Compare what is available from the competition
Shopping the Stores (Sources)
Hypermarkets (Specialty
Store Owner (Path for Buyers)
Gross Margin Percentage (Dollar Merchandise Plan)
17. Specialize in brand and designer name clothing at discounted prices
Lower prices
Off-Price Store (Specialty)
Private Label
Tokyo (Global Fashion Centers
18. Largest portion of promotion budget (approx. 1.3% of sales) - Planning - writing - design - and scheduling of paid announcements
Image (Promotion)
Image (Advertising)
Wholesale Warehouse Clubs (Specialty)
Advertising
19. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Milan (Global Fashion Centers)
Product Development
Elements of Dollar Merchandize Plan
Factors in Selecting a Resource (Buying
20. Image Merchandise/promotional -advertising agencies bid for client accounts
Regional Marts
Branch (Classifications; Department Store
Factory Outlet (Specialty)
Two basic kinds of ratail advertising
21. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Wholesale Warehouse Clubs (Specialty)
Sources of Merchandise (Buying)
Limitations of regional marts
Store Owner (Path for Buyers)
22. Current information on trends
Reporting Services (Sources)
Costume Designe
Gross Margin Percentage (Dollar Merchandise Plan)
Dallas
23. Focuses on a particular item or product
Two basic kinds of ratail advertising
Store Ownership Group
Promotio
Market
24. Where store execs are housed
Department Store (Characteristics)
Reporting Services (Sources)
Flagship (Classifications; Department Store)
Independently Owed (Product Development Organizations)
25. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line
Specialized Store Buyer (Path for Buyers)
Resident Buyer (Path for Buyers)
Central Buyer (Path for Buyers)
Paris (Global Fashion Centers)
26. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
Dollar Merchandise Plan
Store Ownership Group
Specialty Store
Publicity
27. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Factory Outlet (Specialty)
Store within a Store
Open-to-buy (Dollar Merchandise Plan)
Hypermarkets (Specialty
28. Conduct own research
Independently Owed (Product Development Organizations)
Specialty Store
Market Research (Sources)
Discount Store (Specialty)
29. Responsible for several areas
DMM (Merchandising; Retail Store
In-store Success (Sources
Terms to be Negotiated (Buying)
Two basic kinds of ratail advertising
30. Store's own label for career and casual sportswear; prices vary (better to moderate)
Catalog Showroom (Specialty)
Paths for Buyers
Market
Private Label
31. Market area - Assists specialized (central) buyer
Buyer (Merchandising; Retail Stores)
Gross Margin Percentage (Dollar Merchandise Plan)
Resident Buyer (Path for Buyers)
Business Consultant's Services
32. Door-to-door or house parties
Factors in Selecting a Resource (Buying
Direct Selling (Non-store Retailing)
Chain Store
Publicity
33. Typically 6 months prior to season
Twig (Classifications; Department Store)
Los Angeles
Market Wee
Image (Advertising)
34. Chain
Central Buyer (Path for Buyers)
Flagship (Classifications; Department Store)
Business Consultant's Services
Limitations of regional marts
35. Located in market
Market
Using Resident Buying Offices (Sources)
Limitations of regional marts
Shopping the Stores (Sources)
36. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Market Wee
Paths for Buyers
De
Merchandise Assortment Planning
37. Small specialized store of a department store
Business Consultant's Services
Market Research (Sources)
Product Development
Twig (Classifications; Department Store)
38. Sourcing - Logistics related to - importing - Managing information systems
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39. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Stylist
Resident Buyer (Path for Buyers)
Minor Fashion Industries (Global Fashion Centers)
Hypermarkets (Specialty
40. 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
Regional Marts
Confined merchandis
Twig (Classifications; Department Store)
DMM (Merchandising; Retail Store
41. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Specialized Store Buyer (Path for Buyers)
Limitations of regional marts
Independently Owed (Product Development Organizations)
Paths for Buyers
42. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
Reporting Services (Sources)
Trade Publications (Sources)
Terms to be Negotiated (Buying)
OB
43. Small operation
Store Owner (Path for Buyers)
Sources of Information (Retail Merchandising)
Private Label
Market Research (Sources)
44. Sales records - Sales people
Two basic kinds of ratail advertising
In-store Success (Sources
Overbought
Factors to be Considered in Editing (Buying)
45. Sometimes called the 6 month plan - Balances planned stock and planned sales in dollars - Previous 6 months plan is used as a guideline
Hypermarkets (Specialty
Confined merchandis
Central Buyer (Path for Buyers)
Dollar Merchandise Plan
46. Variety of low priced merchandise
Store Owned Organizations (Product Development Organizations
Dallas
Business Consultant's Services
Variety Store (Specialty)
47. Store open another facility in a different location - often in suburbs
Market
Branch (Classifications; Department Store
Minor Fashion Industries (Global Fashion Centers)
Terms to be Negotiated (Buying)
48. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Central Buyer (Path for Buyers)
Buyer (Retail Merchandising)
Off-Price Store (Specialty)
Resident Buyer (Path for Buyers)
49. Shoplifting - internal theft - inaccurate records
Twig (Classifications; Department Store)
Using Resident Buying Offices (Sources)
Shortage (Dollar Merchandise Plan)
Market
50. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
London (Global Fashion Centers)
Specialty Store
Merchandise/Promotional (Advertising)
Confined merchandis