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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. Regional center for bridal - evening wear
DMM (Merchandising; Retail Store
Dallas
Promotio
Specialty Store
2. Merchandising offerings - Appropriate for customers
Factors in Selecting a Resource (Buying
Sources of Information (Retail Merchandising)
Independently Owed (Product Development Organizations)
Gross Margin Percentage (Dollar Merchandise Plan)
3. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Look at offerings and need out and refine their line
New York (Market Centers)
Discount Store (Specialty)
Buyer (Retail Merchandising)
4. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy
Elements of Dollar Merchandize Plan
Merchandise/Promotional (Advertising)
Terms to be Negotiated (Buying)
GMM (Merchandising; Retail Stores)
5. WWD - DNR - stores (consumer fashion magazines)
Trade Publications (Sources)
Open-to-buy (Dollar Merchandise Plan)
Overbought
OB
6. When merchandise (inventory and ordered) is GREATER than need
Branch (Classifications; Department Store
Broad-based Business Consulting Services
Overbought
Image (Advertising)
7. Focuses on a particular item or product
Independently Owed (Product Development Organizations)
Promotio
Using Resident Buying Offices (Sources)
London (Global Fashion Centers)
8. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
Turnover (Dollar Merchandise Plan)
Catalog Showroom (Specialty)
Market Research (Sources)
Confined merchandis
9. Typically 6 months prior to season
Store Owned Organizations (Product Development Organizations
Market Wee
Private Label
Tokyo (Global Fashion Centers
10. Manufacturers may not always produce everything they show in regional market (even if orders have been placed) - May not have many new manufacturers
Discount Store (Specialty)
Confined merchandis
Limitations of regional marts
Open-to-buy (Dollar Merchandise Plan)
11. Small specialized store of a department store
Costume Designe
Independently owned services
Twig (Classifications; Department Store)
Limitations of regional marts
12. Chain
Vendors (Sources)
Minor Fashion Industries (Global Fashion Centers)
Central Buyer (Path for Buyers)
Department Store (Characteristics)
13. Responsible for establishing the store's image
Lower prices
GMM (Merchandising; Retail Stores)
Vendors (Sources)
OB
14. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Open-to-buy (Dollar Merchandise Plan)
Market Research (Sources)
Stylist
Department Store (Characteristics)
15. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Buyer (Merchandising; Retail Stores)
Open-to-buy (Dollar Merchandise Plan)
Department Store (Characteristics)
Lower prices
16. People who shop for clients
Look at offerings and need out and refine their line
Specialty Store
Personal Shopper
Specialized Store Buyer (Path for Buyers)
17. Specialize in brand and designer name clothing at discounted prices
Lower prices
Advertising
Off-Price Store (Specialty)
Flagship (Classifications; Department Store)
18. Larger orders may allow for...
Regional Marts
Overbought
Merchandisi
Lower prices
19. Most aware of what is selling (bias)
Advertising
Breadt
Variety Store (Specialty)
Vendors (Sources)
20. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later
Dallas
Store Ownership Group
Market
Image (Promotion)
21. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
Merchandise/Promotional (Advertising)
Department Store (Characteristics)
Catalog/Mail Order (Non-store Retai
Terms to be Negotiated (Buying)
22. Shoplifting - internal theft - inaccurate records
Twig (Classifications; Department Store)
Open-to-buy (Dollar Merchandise Plan)
Shortage (Dollar Merchandise Plan)
Business Consultant's Services
23. Television or computer shopping
Lower prices
Electronic Retailing (Non-store Retailing)
Factors to be Considered in Editing (Buying)
Publicity
24. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Merchandise Assortment Planning
Factors to be Considered in Editing (Buying)
Two basic kinds of ratail advertising
Factory Outlet (Specialty)
25. Money left to buy- when merchandise NEEDS to exceed merchandise available
OB
Paths for Buyers
Direct Selling (Non-store Retailing)
Overbought
26. Located in market
London (Global Fashion Centers)
Image (Promotion)
Independently owned services
Using Resident Buying Offices (Sources)
27. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Merchandise Assortment Planning
Promotio
Store Owned Organizations (Product Development Organizations
Resident Buyer
28. Menswear
Variety Store (Specialty)
Department Store (Characteristics)
London (Global Fashion Centers)
Factory Outlet (Specialty)
29. Number of different items offered
Breadt
Lower prices
Product Development
Independently owned services
30. Small area within a store for designers or popular manufacturers
Wholesale Warehouse Clubs (Specialty)
In-store Boutique
New York (Market Centers)
Department Store (Characteristics)
31. Ads; focuses on business itself
Image (Advertising)
Breadt
Independently owned services
Paris (Global Fashion Centers)
32. Store owner - Specialized store buyer - Central buyer - Resident buyer
Gross Margin Percentage (Dollar Merchandise Plan)
Limitations of regional marts
Milan (Global Fashion Centers)
Paths for Buyers
33. Mass - staples
Tokyo (Global Fashion Centers
Store Owner (Path for Buyers)
In-store Boutique
Confined merchandis
34. Sometimes called the 6 month plan - Balances planned stock and planned sales in dollars - Previous 6 months plan is used as a guideline
Gross Margin Percentage (Dollar Merchandise Plan)
Factors to be Considered in Editing (Buying)
Dollar Merchandise Plan
Milan (Global Fashion Centers)
35. Pay a fee for what are supposed to be wholesale prices
Store within a Store
Wholesale Warehouse Clubs (Specialty)
Dollar Merchandise Plan
Stylist
36. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique
Store within a Store
Sources of Information (Retail Merchandising)
Merchandise Assortment Planning
Overbought
37. Sales records - Sales people
In-store Success (Sources
Franchise
Some samples may never be mass produced
Advertising
38. Focuses on the business itself
Buyer (Merchandising; Retail Stores)
Overbought
Variety Store (Specialty)
Image (Promotion)
39. Compare what is available from the competition
Shopping the Stores (Sources)
Market
Image (Advertising)
Promotio
40. Italian fashion - Knits - Shoes - Menswear
Store Ownership Group
Milan (Global Fashion Centers)
Twig (Classifications; Department Store)
Merchandise Assortment Planning
41. 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 Boutique
Stylist
Shopping the Stores (Sources)
42. Some sample will be altered - To show merchandise in best possible way to accessorize it the way they intended it to be and sometimes on models - Opportunity to develop PR
Independently owned services
Some samples may never be mass produced
Sources of Information (Retail Merchandising)
Trade Associations (Sources)
43. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Confined merchandis
Tokyo (Global Fashion Centers
Off-Price Store (Specialty)
Product Development
44. 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
Private Label
Chain Store
Market
Trade Associations (Sources)
45. Merchandising - Buying - Product Development Organizations
Merchandise Assortment Planning
Los Angeles
Catalog Showroom (Specialty)
Independently owned services
46. Selling responsibilities
Specialized Store Buyer (Path for Buyers)
Catalog/Mail Order (Non-store Retai
Limitations of regional marts
Image (Promotion)
47. Small operation
Store Owner (Path for Buyers)
Independently owned services
Vendors (Sources)
Personal Shopper
48. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Flagship (Classifications; Department Store)
Buyer (Retail Merchandising)
Business Consultant's Services
Merchandise/Promotional (Advertising)
49. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Overbought
Buyer (Merchandising; Retail Stores)
Confined merchandis
Franchise
50. Current information on trends
Merchandise Assortment Planning
Vendors (Sources)
Advertising
Reporting Services (Sources)