SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
In-store Success (Sources
Store Ownership Group
Paris (Global Fashion Centers)
Overbought
2. Store open another facility in a different location - often in suburbs
Branch (Classifications; Department Store
Elements of Dollar Merchandize Plan
Some samples may never be mass produced
In-store Boutique
3. Most aware of what is selling (bias)
Hypermarkets (Specialty
Trade Associations (Sources)
Vendors (Sources)
Tokyo (Global Fashion Centers
4. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Gross Margin Percentage (Dollar Merchandise Plan)
Catalog Showroom (Specialty)
Confined merchandis
Trade Publications (Sources)
5. Buying - selling - and planning of merchandise
Merchandisi
GMM (Merchandising; Retail Stores)
Vendors (Sources)
Management Consultants (Consulting Services)
6. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
Personal Shopper
Confined merchandis
Resident Buyer (Path for Buyers)
Variety Store (Specialty)
7. Large number of resources centered in 7th Avenue area - Largest and most important domestically
Regional Marts
Market Wee
Market
New York (Market Centers)
8. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Elements of Dollar Merchandize Plan
Independently owned services
Branch (Classifications; Department Store
Dollar Merchandise Plan
9. Develops clothing for actors in plays - movies - and television
Vendors (Sources)
Costume Designe
DMM (Merchandising; Retail Store
Trade Publications (Sources)
10. Merchandising - Buying - Product Development Organizations
Tokyo (Global Fashion Centers
Reporting Services (Sources)
Vendors (Sources)
Independently owned services
11. Selling responsibilities
Image (Advertising)
Minor Fashion Industries (Global Fashion Centers)
Specialized Store Buyer (Path for Buyers)
Market
12. Sometimes called the 6 month plan - Balances planned stock and planned sales in dollars - Previous 6 months plan is used as a guideline
Regional Marts
Factors in Selecting a Resource (Buying
Dollar Merchandise Plan
Sources of Information (Retail Merchandising)
13. Number of different items offered
Merchandise/Promotional (Advertising)
Publicity
Resident Buyer
Breadt
14. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
London (Global Fashion Centers)
Costume Designe
Advertising
Terms to be Negotiated (Buying)
15. Chain
Reporting Services (Sources)
Branch (Classifications; Department Store
Elements of Dollar Merchandize Plan
Central Buyer (Path for Buyers)
16. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Factory Outlet (Specialty)
Shopping the Stores (Sources)
Merchandisi
Store within a Store
17. 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
Image (Advertising)
Some samples may never be mass produced
Central Buyer (Path for Buyers)
18. Pay a fee for what are supposed to be wholesale prices
Wholesale Warehouse Clubs (Specialty)
Market
Overbought
Business Consultant's Services
19. WWD - DNR - stores (consumer fashion magazines)
Buyer (Merchandising; Retail Stores)
Store Owner (Path for Buyers)
Trade Publications (Sources)
Confined merchandis
20. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line
Sources of Merchandise (Buying)
Merchandisi
DMM (Merchandising; Retail Store
Paris (Global Fashion Centers)
21. Compare what is available from the competition
Two basic kinds of ratail advertising
Shopping the Stores (Sources)
Market
Twig (Classifications; Department Store)
22. Mass - staples
Tokyo (Global Fashion Centers
Direct Selling (Non-store Retailing)
Discount Store (Specialty)
Paths for Buyers
23. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Branch (Classifications; Department Store
Specialty Store
Hypermarkets (Specialty
Buyer (Retail Merchandising)
24. Store's own label for career and casual sportswear; prices vary (better to moderate)
Minor Fashion Industries (Global Fashion Centers)
Paths for Buyers
Private Label
Management Consultants (Consulting Services)
25. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Department Store (Characteristics)
Private Label
Dallas
Buyer (Retail Merchandising)
26. Focuses on management and market research
Sources of Information (Retail Merchandising)
Variety Store (Specialty)
Management Consultants (Consulting Services)
Flagship (Classifications; Department Store)
27. Regional center for bridal - evening wear
Independently Owed (Product Development Organizations)
Resident Buyer
Using Resident Buying Offices (Sources)
Dallas
28. Cotton Inc. - Wool Bureau
Paris (Global Fashion Centers)
New York (Market Centers)
Shortage (Dollar Merchandise Plan)
Trade Associations (Sources)
29. Manufacturers Attend Market to...
Two basic kinds of ratail advertising
Look at offerings and need out and refine their line
Elements of Dollar Merchandize Plan
Trade Publications (Sources)
30. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Merchandisi
Store within a Store
Buyers Attend Market
Open-to-buy (Dollar Merchandise Plan)
31. Small area within a store for designers or popular manufacturers
Branch (Classifications; Department Store
Milan (Global Fashion Centers)
In-store Boutique
Merchandise/Promotional (Advertising)
32. Responsible for establishing the store's image
GMM (Merchandising; Retail Stores)
Advertising
Milan (Global Fashion Centers)
Turnover (Dollar Merchandise Plan)
33. Small specialized store of a department store
Twig (Classifications; Department Store)
Stylist
Confined merchandis
In-store Success (Sources
34. Management consultants - Technical consultants - Import and export consultants
Turnover (Dollar Merchandise Plan)
Advertising
Broad-based Business Consulting Services
Regional Marts
35. Quantity of different items offered
In-store Boutique
Breadt
De
New York (Market Centers)
36. Menswear
Breadt
London (Global Fashion Centers)
Limitations of regional marts
Resident Buyer (Path for Buyers)
37. Order from catalog and pick up immediately
Catalog Showroom (Specialty)
Trade Associations (Sources)
Resident Buyer
Direct Selling (Non-store Retailing)
38. When merchandise (inventory and ordered) is GREATER than need
Overbought
Turnover (Dollar Merchandise Plan)
In-store Success (Sources
Paris (Global Fashion Centers)
39. Market area - Assists specialized (central) buyer
Resident Buyer (Path for Buyers)
Merchandise Assortment Planning
Off-Price Store (Specialty)
Specialty Store
40. Specialize in brand and designer name clothing at discounted prices
GMM (Merchandising; Retail Stores)
Product Development
Off-Price Store (Specialty)
Market Research (Sources)
41. Door-to-door or house parties
Breadt
Direct Selling (Non-store Retailing)
Paris (Global Fashion Centers)
Some samples may never be mass produced
42. Small operation
Using Resident Buying Offices (Sources)
Central Buyer (Path for Buyers)
Sources of Merchandise (Buying)
Store Owner (Path for Buyers)
43. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Sources of Information (Retail Merchandising)
Market
Store Owned Organizations (Product Development Organizations
Specialized Store Buyer (Path for Buyers)
44. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
Confined merchandis
Image (Promotion)
Publicity
Stylist
45. Sourcing - Logistics related to - importing - Managing information systems
Warning
: Invalid argument supplied for foreach() in
/var/www/html/basicversity.com/show_quiz.php
on line
183
46. Sales records - Sales people
In-store Success (Sources
Costume Designe
Independently Owed (Product Development Organizations)
Buyer (Retail Merchandising)
47. Television or computer shopping
Two basic kinds of ratail advertising
Using Resident Buying Offices (Sources)
Electronic Retailing (Non-store Retailing)
GMM (Merchandising; Retail Stores)
48. Merchandising offerings - Appropriate for customers
Factors in Selecting a Resource (Buying
Private Label
Shortage (Dollar Merchandise Plan)
Overbought
49. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Sources of Merchandise (Buying)
Branch (Classifications; Department Store
Los Angeles
Breadt
50. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Merchandisi
Trade Publications (Sources)
Merchandise Assortment Planning
Buyer (Merchandising; Retail Stores)