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Test your basic knowledge |
Fashion Merchandizing
Start Test
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Subjects
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business-skills
,
industries
Instructions:
Answer 50 questions in 15 minutes.
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study here
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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. Chain
Central Buyer (Path for Buyers)
In-store Boutique
Advertising
London (Global Fashion Centers)
2. Sourcing - Logistics related to - importing - Managing information systems
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3. Regional center for bridal - evening wear
Paths for Buyers
Open-to-buy (Dollar Merchandise Plan)
Store Owner (Path for Buyers)
Dallas
4. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
Store Owned Organizations (Product Development Organizations
Market
Reporting Services (Sources)
Catalog Showroom (Specialty)
5. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
Private Label
Stylist
Variety Store (Specialty)
Image (Promotion)
6. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Specialized Store Buyer (Path for Buyers)
Costume Designe
Specialty Store
De
7. Where store execs are housed
Personal Shopper
Flagship (Classifications; Department Store)
Image (Advertising)
Store Owner (Path for Buyers)
8. Pay a fee for what are supposed to be wholesale prices
Store Owner (Path for Buyers)
Open-to-buy (Dollar Merchandise Plan)
Wholesale Warehouse Clubs (Specialty)
Breadt
9. Management consultants - Technical consultants - Import and export consultants
Catalog Showroom (Specialty)
Broad-based Business Consulting Services
Market Research (Sources)
Advertising
10. 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
Resident Buyer
Image (Advertising)
Personal Shopper
Los Angeles
11. Store open another facility in a different location - often in suburbs
Look at offerings and need out and refine their line
Branch (Classifications; Department Store
Elements of Dollar Merchandize Plan
Advertising
12. Store owner - Specialized store buyer - Central buyer - Resident buyer
Market Wee
Paths for Buyers
Publicity
Off-Price Store (Specialty)
13. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Store within a Store
Factors in Selecting a Resource (Buying
Stylist
Lower prices
14. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Buyer (Retail Merchandising)
Private Label
Using Resident Buying Offices (Sources)
Discount Store (Specialty)
15. Market area - Assists specialized (central) buyer
Costume Designe
Resident Buyer (Path for Buyers)
Paris (Global Fashion Centers)
Management Consultants (Consulting Services)
16. Small specialized store of a department store
Store Owned Organizations (Product Development Organizations
Twig (Classifications; Department Store)
Variety Store (Specialty)
Store Owner (Path for Buyers)
17. People who shop for clients
Elements of Dollar Merchandize Plan
Personal Shopper
Product Development
Off-Price Store (Specialty)
18. Focuses on a particular item or product
Promotio
Electronic Retailing (Non-store Retailing)
Tokyo (Global Fashion Centers
Merchandise/Promotional (Advertising)
19. Menswear
London (Global Fashion Centers)
Lower prices
Merchandisi
Image (Advertising)
20. Number of different items offered
Breadt
Minor Fashion Industries (Global Fashion Centers)
Sources of Merchandise (Buying)
Flagship (Classifications; Department Store)
21. Typically 6 months prior to season
Store Ownership Group
Market Wee
Shortage (Dollar Merchandise Plan)
Personal Shopper
22. Figure that tells the frequency with which the stock has been sold and replaced - Goal: increase turn = keep merchandise moving
Vendors (Sources)
Using Resident Buying Offices (Sources)
Turnover (Dollar Merchandise Plan)
De
23. Current information on trends
Catalog/Mail Order (Non-store Retai
In-store Success (Sources
Reporting Services (Sources)
Two basic kinds of ratail advertising
24. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
Store Owned Organizations (Product Development Organizations
Costume Designe
Terms to be Negotiated (Buying)
Wholesale Warehouse Clubs (Specialty)
25. Money left to buy- when merchandise NEEDS to exceed merchandise available
OB
Lower prices
Catalog Showroom (Specialty)
Reporting Services (Sources)
26. Small operation
Promotio
Flagship (Classifications; Department Store)
Minor Fashion Industries (Global Fashion Centers)
Store Owner (Path for Buyers)
27. 2nd largest leasing space available
Los Angeles
Look at offerings and need out and refine their line
Store Owned Organizations (Product Development Organizations
DMM (Merchandising; Retail Store
28. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Store Owned Organizations (Product Development Organizations
Broad-based Business Consulting Services
Merchandise Assortment Planning
Flagship (Classifications; Department Store)
29. Sales records - Sales people
Stylist
In-store Success (Sources
Branch (Classifications; Department Store
Minor Fashion Industries (Global Fashion Centers)
30. Merchandising offerings - Appropriate for customers
GMM (Merchandising; Retail Stores)
Factors in Selecting a Resource (Buying
Shortage (Dollar Merchandise Plan)
Advertising
31. Conduct own research
Independently Owed (Product Development Organizations)
Market Research (Sources)
Trade Publications (Sources)
Store Owned Organizations (Product Development Organizations
32. 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
Branch (Classifications; Department Store
Trade Associations (Sources)
Resident Buyer
Regional Marts
33. Not paid for by the retailer and the retailer doesn't have control over what is said
Publicity
DMM (Merchandising; Retail Store
Stylist
Sources of Information (Retail Merchandising)
34. Buying - selling - and planning of merchandise
Twig (Classifications; Department Store)
Resident Buyer (Path for Buyers)
Merchandisi
Los Angeles
35. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line
Shortage (Dollar Merchandise Plan)
Open-to-buy (Dollar Merchandise Plan)
Paris (Global Fashion Centers)
Two basic kinds of ratail advertising
36. Image Merchandise/promotional -advertising agencies bid for client accounts
Factors in Selecting a Resource (Buying
De
Two basic kinds of ratail advertising
GMM (Merchandising; Retail Stores)
37. Responsible for establishing the store's image
Shortage (Dollar Merchandise Plan)
GMM (Merchandising; Retail Stores)
Broad-based Business Consulting Services
Store Owned Organizations (Product Development Organizations
38. Door-to-door or house parties
Gross Margin Percentage (Dollar Merchandise Plan)
Dallas
Direct Selling (Non-store Retailing)
Product Development
39. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Gross Margin Percentage (Dollar Merchandise Plan)
Trade Associations (Sources)
Store within a Store
Market Wee
40. Larger orders may allow for...
Resident Buyer (Path for Buyers)
Limitations of regional marts
Lower prices
Merchandisi
41. Cotton Inc. - Wool Bureau
Trade Associations (Sources)
Publicity
Factors in Selecting a Resource (Buying
Paths for Buyers
42. Responsible for a department/area
Shopping the Stores (Sources)
Stylist
Buyer (Merchandising; Retail Stores)
Market
43. Specialize in brand and designer name clothing at discounted prices
Off-Price Store (Specialty)
Private Label
Look at offerings and need out and refine their line
Variety Store (Specialty)
44. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
Vendors (Sources)
Store Ownership Group
Promotio
Open-to-buy (Dollar Merchandise Plan)
45. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Store Ownership Group
Hypermarkets (Specialty
OB
Store within a Store
46. Focuses on the business itself
Buyers Attend Market
Image (Promotion)
Vendors (Sources)
Electronic Retailing (Non-store Retailing)
47. Most aware of what is selling (bias)
Electronic Retailing (Non-store Retailing)
Vendors (Sources)
Some samples may never be mass produced
Los Angeles
48. Located in market
Using Resident Buying Offices (Sources)
Franchise
Shopping the Stores (Sources)
Broad-based Business Consulting Services
49. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Product Development
Market Wee
Hypermarkets (Specialty
Limitations of regional marts
50. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Off-Price Store (Specialty)
Publicity
Gross Margin Percentage (Dollar Merchandise Plan)
Open-to-buy (Dollar Merchandise Plan)
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