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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. Germany - Spain - Eastern Block
Minor Fashion Industries (Global Fashion Centers)
Electronic Retailing (Non-store Retailing)
Turnover (Dollar Merchandise Plan)
Buyer (Merchandising; Retail Stores)
2. Number of different items offered
Sources of Information (Retail Merchandising)
Independently owned services
Buyers Attend Market
Breadt
3. Ads; focuses on business itself
Vendors (Sources)
Tokyo (Global Fashion Centers
Market Wee
Image (Advertising)
4. 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
Electronic Retailing (Non-store Retailing)
Some samples may never be mass produced
Limitations of regional marts
Branch (Classifications; Department Store
5. Small specialized store of a department store
Open-to-buy (Dollar Merchandise Plan)
Twig (Classifications; Department Store)
De
OB
6. Most aware of what is selling (bias)
Vendors (Sources)
Some samples may never be mass produced
Merchandise/Promotional (Advertising)
Independently Owed (Product Development Organizations)
7. Located in market
Independently owned services
Using Resident Buying Offices (Sources)
Independently Owed (Product Development Organizations)
Market Wee
8. People who shop for clients
Twig (Classifications; Department Store)
Regional Marts
Variety Store (Specialty)
Personal Shopper
9. Compare what is available from the competition
Shopping the Stores (Sources)
Costume Designe
Store Ownership Group
Terms to be Negotiated (Buying)
10. Italian fashion - Knits - Shoes - Menswear
Milan (Global Fashion Centers)
London (Global Fashion Centers)
Paris (Global Fashion Centers)
Merchandisi
11. Sales records - Sales people
Buyer (Merchandising; Retail Stores)
Specialty Store
Image (Advertising)
In-store Success (Sources
12. 2nd largest leasing space available
Advertising
Stylist
Los Angeles
Promotio
13. WWD - DNR - stores (consumer fashion magazines)
Stylist
Trade Publications (Sources)
Elements of Dollar Merchandize Plan
GMM (Merchandising; Retail Stores)
14. Typically 6 months prior to season
Market Wee
Chain Store
Buyers Attend Market
Private Label
15. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Resident Buyer
Product Development
Store within a Store
Factory Outlet (Specialty)
16. 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
Wholesale Warehouse Clubs (Specialty)
Elements of Dollar Merchandize Plan
Personal Shopper
17. Order from catalog and pick up immediately
Resident Buyer (Path for Buyers)
Store Owner (Path for Buyers)
Catalog Showroom (Specialty)
Open-to-buy (Dollar Merchandise Plan)
18. Focus specifically on product
Promotio
Sources of Merchandise (Buying)
Merchandise/Promotional (Advertising)
Gross Margin Percentage (Dollar Merchandise Plan)
19. When merchandise (inventory and ordered) is GREATER than need
Variety Store (Specialty)
Direct Selling (Non-store Retailing)
Store within a Store
Overbought
20. Focuses on management and market research
Management Consultants (Consulting Services)
Flagship (Classifications; Department Store)
Store Ownership Group
Catalog/Mail Order (Non-store Retai
21. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
Store Ownership Group
Independently owned services
Buyer (Merchandising; Retail Stores)
Market Research (Sources)
22. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
In-store Success (Sources
Buyer (Retail Merchandising)
Independently Owed (Product Development Organizations)
Shortage (Dollar Merchandise Plan)
23. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Buyer (Retail Merchandising)
Catalog Showroom (Specialty)
Elements of Dollar Merchandize Plan
Store Owner (Path for Buyers)
24. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Department Store (Characteristics)
Resident Buyer (Path for Buyers)
Factory Outlet (Specialty)
DMM (Merchandising; Retail Store
25. Pay a fee for what are supposed to be wholesale prices
Wholesale Warehouse Clubs (Specialty)
DMM (Merchandising; Retail Store
Factors to be Considered in Editing (Buying)
New York (Market Centers)
26. Image Merchandise/promotional -advertising agencies bid for client accounts
Open-to-buy (Dollar Merchandise Plan)
Regional Marts
Management Consultants (Consulting Services)
Two basic kinds of ratail advertising
27. Where store execs are housed
Flagship (Classifications; Department Store)
Business Consultant's Services
Advertising
Reporting Services (Sources)
28. Responsible for a department/area
Promotio
Merchandise Assortment Planning
Personal Shopper
Buyer (Merchandising; Retail Stores)
29. Merchandising - Buying - Product Development Organizations
Milan (Global Fashion Centers)
Independently owned services
Private Label
Broad-based Business Consulting Services
30. Specialize in brand and designer name clothing at discounted prices
DMM (Merchandising; Retail Store
Off-Price Store (Specialty)
Independently owned services
Dollar Merchandise Plan
31. Current information on trends
Image (Advertising)
Resident Buyer (Path for Buyers)
Dollar Merchandise Plan
Reporting Services (Sources)
32. Large number of resources centered in 7th Avenue area - Largest and most important domestically
Specialized Store Buyer (Path for Buyers)
New York (Market Centers)
Market Wee
In-store Boutique
33. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
Reporting Services (Sources)
Breadt
Hypermarkets (Specialty
Market
34. Television or computer shopping
Elements of Dollar Merchandize Plan
New York (Market Centers)
Stylist
Electronic Retailing (Non-store Retailing)
35. Store's own label for career and casual sportswear; prices vary (better to moderate)
Independently owned services
Open-to-buy (Dollar Merchandise Plan)
London (Global Fashion Centers)
Private Label
36. Small operation
In-store Boutique
Store Owner (Path for Buyers)
Market Wee
Minor Fashion Industries (Global Fashion Centers)
37. Menswear
London (Global Fashion Centers)
Merchandise Assortment Planning
Shortage (Dollar Merchandise Plan)
Vendors (Sources)
38. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
DMM (Merchandising; Retail Store
Catalog/Mail Order (Non-store Retai
Wholesale Warehouse Clubs (Specialty)
Regional Marts
39. Variety of low priced merchandise
Variety Store (Specialty)
Merchandisi
Merchandise Assortment Planning
Independently owned services
40. Chain
Central Buyer (Path for Buyers)
Buyer (Merchandising; Retail Stores)
Store Owner (Path for Buyers)
GMM (Merchandising; Retail Stores)
41. Focuses on the business itself
Costume Designe
Gross Margin Percentage (Dollar Merchandise Plan)
Image (Promotion)
Market Wee
42. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Central Buyer (Path for Buyers)
Los Angeles
Department Store (Characteristics)
In-store Success (Sources
43. Larger orders may allow for...
Tokyo (Global Fashion Centers
Los Angeles
Lower prices
In-store Boutique
44. Figure that tells the frequency with which the stock has been sold and replaced - Goal: increase turn = keep merchandise moving
DMM (Merchandising; Retail Store
Turnover (Dollar Merchandise Plan)
Shopping the Stores (Sources)
Catalog/Mail Order (Non-store Retai
45. Buying - selling - and planning of merchandise
Department Store (Characteristics)
Using Resident Buying Offices (Sources)
Merchandisi
Gross Margin Percentage (Dollar Merchandise Plan)
46. Store owner - Specialized store buyer - Central buyer - Resident buyer
Dallas
Paths for Buyers
Hypermarkets (Specialty
Private Label
47. 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
Buyers Attend Market
Sources of Information (Retail Merchandising)
Vendors (Sources)
Image (Promotion)
48. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Product Development
Overbought
Wholesale Warehouse Clubs (Specialty)
Some samples may never be mass produced
49. Sourcing - Logistics related to - importing - Managing information systems
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50. Cotton Inc. - Wool Bureau
Trade Associations (Sources)
Promotio
Milan (Global Fashion Centers)
Wholesale Warehouse Clubs (Specialty)