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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. 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
In-store Success (Sources
Catalog/Mail Order (Non-store Retai
Variety Store (Specialty)
2. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Catalog/Mail Order (Non-store Retai
De
Off-Price Store (Specialty)
Store Owner (Path for Buyers)
3. Sourcing - Logistics related to - importing - Managing information systems
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4. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Limitations of regional marts
Sources of Merchandise (Buying)
Personal Shopper
Discount Store (Specialty)
5. Where store execs are housed
Store Owner (Path for Buyers)
Twig (Classifications; Department Store)
Flagship (Classifications; Department Store)
Private Label
6. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Limitations of regional marts
Milan (Global Fashion Centers)
Elements of Dollar Merchandize Plan
Hypermarkets (Specialty
7. Germany - Spain - Eastern Block
Reporting Services (Sources)
Open-to-buy (Dollar Merchandise Plan)
Minor Fashion Industries (Global Fashion Centers)
Personal Shopper
8. 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
Chain Store
Twig (Classifications; Department Store)
Specialized Store Buyer (Path for Buyers)
Product Development
9. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Hypermarkets (Specialty
Off-Price Store (Specialty)
Store Owned Organizations (Product Development Organizations
Publicity
10. Store owner - Specialized store buyer - Central buyer - Resident buyer
Look at offerings and need out and refine their line
Catalog/Mail Order (Non-store Retai
In-store Success (Sources
Paths for Buyers
11. Focus specifically on product
Merchandise/Promotional (Advertising)
Factory Outlet (Specialty)
Turnover (Dollar Merchandise Plan)
Trade Publications (Sources)
12. Variety of low priced merchandise
Variety Store (Specialty)
Advertising
Some samples may never be mass produced
Using Resident Buying Offices (Sources)
13. Cotton Inc. - Wool Bureau
Twig (Classifications; Department Store)
Trade Associations (Sources)
Central Buyer (Path for Buyers)
Store Owned Organizations (Product Development Organizations
14. Typically 6 months prior to season
Market Wee
Chain Store
Sources of Information (Retail Merchandising)
Broad-based Business Consulting Services
15. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
Sources of Information (Retail Merchandising)
New York (Market Centers)
Resident Buyer (Path for Buyers)
In-store Boutique
16. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Factors to be Considered in Editing (Buying)
New York (Market Centers)
Gross Margin Percentage (Dollar Merchandise Plan)
Wholesale Warehouse Clubs (Specialty)
17. Image Merchandise/promotional -advertising agencies bid for client accounts
Two basic kinds of ratail advertising
Variety Store (Specialty)
Sources of Information (Retail Merchandising)
Store within a Store
18. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Breadt
Merchandise/Promotional (Advertising)
Franchise
New York (Market Centers)
19. Focuses on the business itself
Resident Buyer
Trade Associations (Sources)
Image (Promotion)
Discount Store (Specialty)
20. Television or computer shopping
Management Consultants (Consulting Services)
Elements of Dollar Merchandize Plan
Electronic Retailing (Non-store Retailing)
Open-to-buy (Dollar Merchandise Plan)
21. Store open another facility in a different location - often in suburbs
Two basic kinds of ratail advertising
Store within a Store
Branch (Classifications; Department Store
Dallas
22. Shoplifting - internal theft - inaccurate records
Branch (Classifications; Department Store
Shortage (Dollar Merchandise Plan)
Promotio
Resident Buyer
23. Most aware of what is selling (bias)
Electronic Retailing (Non-store Retailing)
Vendors (Sources)
Market Wee
Variety Store (Specialty)
24. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
Variety Store (Specialty)
Open-to-buy (Dollar Merchandise Plan)
Terms to be Negotiated (Buying)
Dallas
25. Regional center for bridal - evening wear
Paths for Buyers
Wholesale Warehouse Clubs (Specialty)
Dallas
Market Wee
26. Mass - staples
Tokyo (Global Fashion Centers
Terms to be Negotiated (Buying)
Publicity
Sources of Information (Retail Merchandising)
27. Quantity of different items offered
Breadt
Franchise
De
DMM (Merchandising; Retail Store
28. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Open-to-buy (Dollar Merchandise Plan)
Promotio
Confined merchandis
Independently Owed (Product Development Organizations)
29. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
London (Global Fashion Centers)
Market
Business Consultant's Services
Reporting Services (Sources)
30. Focuses on management and market research
Business Consultant's Services
Paths for Buyers
Catalog/Mail Order (Non-store Retai
Management Consultants (Consulting Services)
31. Manufacturers Attend Market to...
Look at offerings and need out and refine their line
De
Sources of Information (Retail Merchandising)
Buyer (Merchandising; Retail Stores)
32. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Factory Outlet (Specialty)
Chain Store
Direct Selling (Non-store Retailing)
GMM (Merchandising; Retail Stores)
33. Merchandising offerings - Appropriate for customers
Limitations of regional marts
Shopping the Stores (Sources)
Factors in Selecting a Resource (Buying
Central Buyer (Path for Buyers)
34. Conduct own research
Minor Fashion Industries (Global Fashion Centers)
Factors in Selecting a Resource (Buying
Store Ownership Group
Market Research (Sources)
35. Larger orders may allow for...
Paths for Buyers
OB
Buyer (Merchandising; Retail Stores)
Lower prices
36. Sales records - Sales people
New York (Market Centers)
Some samples may never be mass produced
In-store Success (Sources
In-store Boutique
37. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Resident Buyer
Product Development
Buyer (Retail Merchandising)
Resident Buyer (Path for Buyers)
38. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
In-store Boutique
Advertising
Confined merchandis
Stylist
39. Market area - Assists specialized (central) buyer
Resident Buyer (Path for Buyers)
Gross Margin Percentage (Dollar Merchandise Plan)
Store Ownership Group
Paths for Buyers
40. Order from catalog and pick up immediately
Catalog Showroom (Specialty)
Reporting Services (Sources)
Twig (Classifications; Department Store)
Breadt
41. WWD - DNR - stores (consumer fashion magazines)
Private Label
DMM (Merchandising; Retail Store
Factors to be Considered in Editing (Buying)
Trade Publications (Sources)
42. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Factors in Selecting a Resource (Buying
Dallas
Shopping the Stores (Sources)
Store within a Store
43. Store's own label for career and casual sportswear; prices vary (better to moderate)
Department Store (Characteristics)
Merchandise Assortment Planning
Shortage (Dollar Merchandise Plan)
Private Label
44. Manufacturers may not always produce everything they show in regional market (even if orders have been placed) - May not have many new manufacturers
Merchandisi
Limitations of regional marts
Costume Designe
Stylist
45. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Chain Store
Minor Fashion Industries (Global Fashion Centers)
Shortage (Dollar Merchandise Plan)
Factors to be Considered in Editing (Buying)
46. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Buyer (Retail Merchandising)
Merchandisi
Independently owned services
Off-Price Store (Specialty)
47. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Department Store (Characteristics)
Shopping the Stores (Sources)
Image (Promotion)
Buyer (Merchandising; Retail Stores)
48. Focuses on a particular item or product
Promotio
Lower prices
Vendors (Sources)
Variety Store (Specialty)
49. Compare what is available from the competition
Personal Shopper
GMM (Merchandising; Retail Stores)
Shopping the Stores (Sources)
Overbought
50. Develops clothing for actors in plays - movies - and television
Costume Designe
Broad-based Business Consulting Services
OB
Merchandisi