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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. Order from catalog and pick up immediately
Catalog Showroom (Specialty)
Minor Fashion Industries (Global Fashion Centers)
Shortage (Dollar Merchandise Plan)
Trade Publications (Sources)
2. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Regional Marts
Merchandise/Promotional (Advertising)
Discount Store (Specialty)
Department Store (Characteristics)
3. Focuses on management and market research
Business Consultant's Services
Management Consultants (Consulting Services)
Gross Margin Percentage (Dollar Merchandise Plan)
Look at offerings and need out and refine their line
4. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Catalog Showroom (Specialty)
Flagship (Classifications; Department Store)
Business Consultant's Services
Discount Store (Specialty)
5. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Branch (Classifications; Department Store
Independently owned services
Sources of Merchandise (Buying)
Merchandisi
6. Most aware of what is selling (bias)
Resident Buyer
Vendors (Sources)
Sources of Information (Retail Merchandising)
Open-to-buy (Dollar Merchandise Plan)
7. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Dallas
Factors in Selecting a Resource (Buying
Image (Advertising)
Factory Outlet (Specialty)
8. Pay a fee for what are supposed to be wholesale prices
Dollar Merchandise Plan
Wholesale Warehouse Clubs (Specialty)
Variety Store (Specialty)
Independently Owed (Product Development Organizations)
9. Figure that tells the frequency with which the stock has been sold and replaced - Goal: increase turn = keep merchandise moving
Paris (Global Fashion Centers)
Turnover (Dollar Merchandise Plan)
Broad-based Business Consulting Services
Management Consultants (Consulting Services)
10. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Regional Marts
Hypermarkets (Specialty
Store within a Store
Two basic kinds of ratail advertising
11. 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)
Regional Marts
Catalog/Mail Order (Non-store Retai
Merchandise/Promotional (Advertising)
12. Door-to-door or house parties
Direct Selling (Non-store Retailing)
Buyers Attend Market
Branch (Classifications; Department Store
Chain Store
13. Mass - staples
Private Label
Stylist
Tokyo (Global Fashion Centers
Merchandisi
14. People who shop for clients
Two basic kinds of ratail advertising
Personal Shopper
Trade Associations (Sources)
Business Consultant's Services
15. Image Merchandise/promotional -advertising agencies bid for client accounts
De
Two basic kinds of ratail advertising
Dallas
Catalog/Mail Order (Non-store Retai
16. Shoplifting - internal theft - inaccurate records
Los Angeles
Management Consultants (Consulting Services)
Direct Selling (Non-store Retailing)
Shortage (Dollar Merchandise Plan)
17. WWD - DNR - stores (consumer fashion magazines)
Image (Advertising)
Electronic Retailing (Non-store Retailing)
Trade Publications (Sources)
Store Owner (Path for Buyers)
18. 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
Publicity
Sources of Merchandise (Buying)
Specialized Store Buyer (Path for Buyers)
Chain Store
19. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Specialty Store
Trade Associations (Sources)
Catalog/Mail Order (Non-store Retai
Independently owned services
20. Develops clothing for actors in plays - movies - and television
Costume Designe
Central Buyer (Path for Buyers)
Store Owned Organizations (Product Development Organizations
Resident Buyer (Path for Buyers)
21. Sourcing - Logistics related to - importing - Managing information systems
22. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Factors to be Considered in Editing (Buying)
Hypermarkets (Specialty
Merchandisi
Specialty Store
23. Store owner - Specialized store buyer - Central buyer - Resident buyer
Buyers Attend Market
Paths for Buyers
Shortage (Dollar Merchandise Plan)
Image (Advertising)
24. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
New York (Market Centers)
Dallas
Minor Fashion Industries (Global Fashion Centers)
Confined merchandis
25. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Stylist
Buyer (Retail Merchandising)
Vendors (Sources)
Resident Buyer
26. Focus specifically on product
Direct Selling (Non-store Retailing)
Milan (Global Fashion Centers)
Merchandise/Promotional (Advertising)
Resident Buyer
27. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
Specialty Store
Advertising
Variety Store (Specialty)
Terms to be Negotiated (Buying)
28. Small specialized store of a department store
Publicity
Twig (Classifications; Department Store)
In-store Success (Sources
Specialty Store
29. Located in market
Using Resident Buying Offices (Sources)
Resident Buyer
Broad-based Business Consulting Services
Direct Selling (Non-store Retailing)
30. Responsible for several areas
Paths for Buyers
Market Research (Sources)
DMM (Merchandising; Retail Store
In-store Success (Sources
31. Ads; focuses on business itself
Specialty Store
Off-Price Store (Specialty)
Image (Advertising)
Discount Store (Specialty)
32. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Factory Outlet (Specialty)
Look at offerings and need out and refine their line
Business Consultant's Services
Store Owned Organizations (Product Development Organizations
33. Large number of resources centered in 7th Avenue area - Largest and most important domestically
New York (Market Centers)
Dollar Merchandise Plan
Management Consultants (Consulting Services)
Look at offerings and need out and refine their line
34. Merchandising - Buying - Product Development Organizations
Market
Promotio
Independently owned services
Store within a Store
35. Specialize in brand and designer name clothing at discounted prices
Costume Designe
Off-Price Store (Specialty)
Factors to be Considered in Editing (Buying)
Management Consultants (Consulting Services)
36. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Stylist
Promotio
Product Development
Independently owned services
37. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Dallas
Personal Shopper
Factors to be Considered in Editing (Buying)
In-store Boutique
38. Manufacturers Attend Market to...
Buyer (Retail Merchandising)
Minor Fashion Industries (Global Fashion Centers)
Look at offerings and need out and refine their line
Merchandise/Promotional (Advertising)
39. Small operation
Business Consultant's Services
Store Owner (Path for Buyers)
Two basic kinds of ratail advertising
Confined merchandis
40. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success
Independently owned services
Branch (Classifications; Department Store
Sources of Information (Retail Merchandising)
Stylist
41. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
Hypermarkets (Specialty
Store Ownership Group
Market Wee
Market
42. Television or computer shopping
Tokyo (Global Fashion Centers
Merchandise/Promotional (Advertising)
Merchandise Assortment Planning
Electronic Retailing (Non-store Retailing)
43. Buying - selling - and planning of merchandise
Specialized Store Buyer (Path for Buyers)
Discount Store (Specialty)
In-store Boutique
Merchandisi
44. Italian fashion - Knits - Shoes - Menswear
Store Owned Organizations (Product Development Organizations
Direct Selling (Non-store Retailing)
Milan (Global Fashion Centers)
Shortage (Dollar Merchandise Plan)
45. 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
Advertising
Resident Buyer (Path for Buyers)
Buyers Attend Market
DMM (Merchandising; Retail Store
46. 2nd largest leasing space available
Look at offerings and need out and refine their line
Buyer (Merchandising; Retail Stores)
Los Angeles
Merchandisi
47. Not paid for by the retailer and the retailer doesn't have control over what is said
Publicity
Los Angeles
Merchandise/Promotional (Advertising)
Factors to be Considered in Editing (Buying)
48. Compare what is available from the competition
Shopping the Stores (Sources)
Discount Store (Specialty)
Gross Margin Percentage (Dollar Merchandise Plan)
Department Store (Characteristics)
49. Typically 6 months prior to season
Market Wee
Buyer (Merchandising; Retail Stores)
Limitations of regional marts
Electronic Retailing (Non-store Retailing)
50. Store's own label for career and casual sportswear; prices vary (better to moderate)
Private Label
Twig (Classifications; Department Store)
Independently Owed (Product Development Organizations)
Promotio