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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. Large number of resources centered in 7th Avenue area - Largest and most important domestically
Department Store (Characteristics)
Tokyo (Global Fashion Centers
Los Angeles
New York (Market Centers)
2. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Using Resident Buying Offices (Sources)
Merchandisi
Factory Outlet (Specialty)
Market Research (Sources)
3. 2nd largest leasing space available
Store within a Store
Los Angeles
Twig (Classifications; Department Store)
Specialized Store Buyer (Path for Buyers)
4. Menswear
Independently Owed (Product Development Organizations)
Dallas
London (Global Fashion Centers)
Twig (Classifications; Department Store)
5. Pay a fee for what are supposed to be wholesale prices
Wholesale Warehouse Clubs (Specialty)
Buyer (Merchandising; Retail Stores)
Some samples may never be mass produced
Elements of Dollar Merchandize Plan
6. Most aware of what is selling (bias)
Vendors (Sources)
Merchandise/Promotional (Advertising)
Trade Associations (Sources)
Tokyo (Global Fashion Centers
7. Focuses on management and market research
Wholesale Warehouse Clubs (Specialty)
Regional Marts
Management Consultants (Consulting Services)
Dollar Merchandise Plan
8. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Buyers Attend Market
Turnover (Dollar Merchandise Plan)
Look at offerings and need out and refine their line
Product Development
9. Small area within a store for designers or popular manufacturers
Dallas
Direct Selling (Non-store Retailing)
In-store Boutique
Sources of Merchandise (Buying)
10. Focus specifically on product
Market
Trade Associations (Sources)
Merchandise/Promotional (Advertising)
DMM (Merchandising; Retail Store
11. Number of different items offered
Factory Outlet (Specialty)
De
Milan (Global Fashion Centers)
Breadt
12. Order from catalog and pick up immediately
Central Buyer (Path for Buyers)
Catalog Showroom (Specialty)
Specialized Store Buyer (Path for Buyers)
Two basic kinds of ratail advertising
13. 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
Specialized Store Buyer (Path for Buyers)
Paths for Buyers
Breadt
Regional Marts
14. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Factors to be Considered in Editing (Buying)
Hypermarkets (Specialty
Wholesale Warehouse Clubs (Specialty)
Product Development
15. Door-to-door or house parties
Direct Selling (Non-store Retailing)
In-store Boutique
Resident Buyer (Path for Buyers)
Off-Price Store (Specialty)
16. Italian fashion - Knits - Shoes - Menswear
Catalog/Mail Order (Non-store Retai
Personal Shopper
Using Resident Buying Offices (Sources)
Milan (Global Fashion Centers)
17. Variety of low priced merchandise
Breadt
Milan (Global Fashion Centers)
Variety Store (Specialty)
Market
18. Chain
Central Buyer (Path for Buyers)
Regional Marts
Off-Price Store (Specialty)
In-store Success (Sources
19. Conduct own research
Department Store (Characteristics)
Market
Market Research (Sources)
Private Label
20. Responsible for a department/area
Buyer (Merchandising; Retail Stores)
Open-to-buy (Dollar Merchandise Plan)
Milan (Global Fashion Centers)
In-store Success (Sources
21. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Publicity
Discount Store (Specialty)
Trade Associations (Sources)
Catalog Showroom (Specialty)
22. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Off-Price Store (Specialty)
Merchandise Assortment Planning
Using Resident Buying Offices (Sources)
Management Consultants (Consulting Services)
23. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Store Owned Organizations (Product Development Organizations
Factory Outlet (Specialty)
Open-to-buy (Dollar Merchandise Plan)
Broad-based Business Consulting Services
24. Small operation
Store Owner (Path for Buyers)
Wholesale Warehouse Clubs (Specialty)
Los Angeles
Advertising
25. Focuses on the business itself
Dallas
Factory Outlet (Specialty)
Minor Fashion Industries (Global Fashion Centers)
Image (Promotion)
26. Screens the market for the store buyer (represents the buyer) - Group buying- allows for lower prices due to volume buying - Assist with private label- product development sourcing - Assist with foreign buying
Advertising
Resident Buyer
Factory Outlet (Specialty)
DMM (Merchandising; Retail Store
27. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Resident Buyer
Specialty Store
Buyer (Merchandising; Retail Stores)
Gross Margin Percentage (Dollar Merchandise Plan)
28. Focuses on a particular item or product
Electronic Retailing (Non-store Retailing)
Buyer (Retail Merchandising)
Dallas
Promotio
29. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Specialized Store Buyer (Path for Buyers)
Store within a Store
Vendors (Sources)
Two basic kinds of ratail advertising
30. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Dollar Merchandise Plan
Confined merchandis
Market
Hypermarkets (Specialty
31. Image Merchandise/promotional -advertising agencies bid for client accounts
Dollar Merchandise Plan
Factory Outlet (Specialty)
Electronic Retailing (Non-store Retailing)
Two basic kinds of ratail advertising
32. Develops clothing for actors in plays - movies - and television
Merchandise/Promotional (Advertising)
Wholesale Warehouse Clubs (Specialty)
Catalog Showroom (Specialty)
Costume Designe
33. Merchandising - Buying - Product Development Organizations
Business Consultant's Services
Minor Fashion Industries (Global Fashion Centers)
Confined merchandis
Independently owned services
34. Larger orders may allow for...
Image (Advertising)
Lower prices
Reporting Services (Sources)
Milan (Global Fashion Centers)
35. Specialize in brand and designer name clothing at discounted prices
Limitations of regional marts
London (Global Fashion Centers)
Flagship (Classifications; Department Store)
Off-Price Store (Specialty)
36. Where store execs are housed
Buyers Attend Market
New York (Market Centers)
Off-Price Store (Specialty)
Flagship (Classifications; Department Store)
37. Responsible for several areas
Factors in Selecting a Resource (Buying
Dallas
Twig (Classifications; Department Store)
DMM (Merchandising; Retail Store
38. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
Stylist
Los Angeles
In-store Boutique
Branch (Classifications; Department Store
39. Manufacturers Attend Market to...
Resident Buyer
Milan (Global Fashion Centers)
Look at offerings and need out and refine their line
Personal Shopper
40. Merchandising offerings - Appropriate for customers
Factors in Selecting a Resource (Buying
In-store Boutique
Some samples may never be mass produced
Specialized Store Buyer (Path for Buyers)
41. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Open-to-buy (Dollar Merchandise Plan)
Variety Store (Specialty)
Stylist
Terms to be Negotiated (Buying)
42. Selling responsibilities
Market
Some samples may never be mass produced
Specialized Store Buyer (Path for Buyers)
Discount Store (Specialty)
43. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
London (Global Fashion Centers)
Specialized Store Buyer (Path for Buyers)
Buyer (Retail Merchandising)
Elements of Dollar Merchandize Plan
44. Cotton Inc. - Wool Bureau
Resident Buyer
Wholesale Warehouse Clubs (Specialty)
Trade Associations (Sources)
Factors in Selecting a Resource (Buying
45. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Franchise
London (Global Fashion Centers)
GMM (Merchandising; Retail Stores)
Personal Shopper
46. 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
Management Consultants (Consulting Services)
Central Buyer (Path for Buyers)
Overbought
Buyers Attend Market
47. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Independently Owed (Product Development Organizations)
Shopping the Stores (Sources)
Flagship (Classifications; Department Store)
Using Resident Buying Offices (Sources)
48. 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
Sources of Merchandise (Buying)
Open-to-buy (Dollar Merchandise Plan)
Minor Fashion Industries (Global Fashion Centers)
49. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
Variety Store (Specialty)
Factors in Selecting a Resource (Buying
Product Development
Confined merchandis
50. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Sources of Merchandise (Buying)
Merchandise/Promotional (Advertising)
Market
Lower prices