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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. Small operation
Store Owner (Path for Buyers)
Elements of Dollar Merchandize Plan
Buyers Attend Market
Using Resident Buying Offices (Sources)
2. 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
Store within a Store
Franchise
Market
Buyers Attend Market
3. When merchandise (inventory and ordered) is GREATER than need
Merchandise Assortment Planning
Factors in Selecting a Resource (Buying
Overbought
Using Resident Buying Offices (Sources)
4. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
London (Global Fashion Centers)
Factors to be Considered in Editing (Buying)
Broad-based Business Consulting Services
Merchandise/Promotional (Advertising)
5. Manufacturers may not always produce everything they show in regional market (even if orders have been placed) - May not have many new manufacturers
Sources of Merchandise (Buying)
Limitations of regional marts
Turnover (Dollar Merchandise Plan)
Reporting Services (Sources)
6. Market area - Assists specialized (central) buyer
Buyers Attend Market
Variety Store (Specialty)
Branch (Classifications; Department Store
Resident Buyer (Path for Buyers)
7. Store's own label for career and casual sportswear; prices vary (better to moderate)
Central Buyer (Path for Buyers)
Specialized Store Buyer (Path for Buyers)
Private Label
Dallas
8. Responsible for a department/area
Buyer (Merchandising; Retail Stores)
Paris (Global Fashion Centers)
Catalog Showroom (Specialty)
Merchandise Assortment Planning
9. Menswear
Paths for Buyers
Market Wee
Buyer (Retail Merchandising)
London (Global Fashion Centers)
10. Management consultants - Technical consultants - Import and export consultants
Terms to be Negotiated (Buying)
Department Store (Characteristics)
Broad-based Business Consulting Services
Management Consultants (Consulting Services)
11. Germany - Spain - Eastern Block
Central Buyer (Path for Buyers)
Sources of Information (Retail Merchandising)
Minor Fashion Industries (Global Fashion Centers)
Buyer (Merchandising; Retail Stores)
12. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
Store Ownership Group
Promotio
Factors in Selecting a Resource (Buying
Milan (Global Fashion Centers)
13. Image Merchandise/promotional -advertising agencies bid for client accounts
Two basic kinds of ratail advertising
Minor Fashion Industries (Global Fashion Centers)
Store Owned Organizations (Product Development Organizations
Vendors (Sources)
14. Sales records - Sales people
Merchandisi
Electronic Retailing (Non-store Retailing)
In-store Success (Sources
Business Consultant's Services
15. 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
Tokyo (Global Fashion Centers
Using Resident Buying Offices (Sources)
Two basic kinds of ratail advertising
16. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Specialized Store Buyer (Path for Buyers)
Terms to be Negotiated (Buying)
Management Consultants (Consulting Services)
Gross Margin Percentage (Dollar Merchandise Plan)
17. Focuses on the business itself
Catalog Showroom (Specialty)
Chain Store
Breadt
Image (Promotion)
18. Responsible for several areas
Tokyo (Global Fashion Centers
Turnover (Dollar Merchandise Plan)
Direct Selling (Non-store Retailing)
DMM (Merchandising; Retail Store
19. Merchandising - Buying - Product Development Organizations
De
In-store Boutique
Resident Buyer (Path for Buyers)
Independently owned services
20. Most aware of what is selling (bias)
Tokyo (Global Fashion Centers
Vendors (Sources)
Sources of Information (Retail Merchandising)
Product Development
21. Selling responsibilities
Buyers Attend Market
Hypermarkets (Specialty
Limitations of regional marts
Specialized Store Buyer (Path for Buyers)
22. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Turnover (Dollar Merchandise Plan)
Franchise
Trade Associations (Sources)
New York (Market Centers)
23. Develops clothing for actors in plays - movies - and television
Hypermarkets (Specialty
Turnover (Dollar Merchandise Plan)
Costume Designe
In-store Success (Sources
24. Focuses on a particular item or product
Promotio
Catalog/Mail Order (Non-store Retai
Specialty Store
Store within a Store
25. People who shop for clients
Store Ownership Group
Factors in Selecting a Resource (Buying
Personal Shopper
Lower prices
26. Responsible for establishing the store's image
Variety Store (Specialty)
Broad-based Business Consulting Services
GMM (Merchandising; Retail Stores)
Catalog/Mail Order (Non-store Retai
27. Store owner - Specialized store buyer - Central buyer - Resident buyer
Paths for Buyers
Buyers Attend Market
Electronic Retailing (Non-store Retailing)
De
28. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
DMM (Merchandising; Retail Store
Store Owned Organizations (Product Development Organizations
De
Milan (Global Fashion Centers)
29. Variety of low priced merchandise
Hypermarkets (Specialty
Market Research (Sources)
Variety Store (Specialty)
In-store Boutique
30. Small area within a store for designers or popular manufacturers
Buyer (Retail Merchandising)
Milan (Global Fashion Centers)
In-store Boutique
Using Resident Buying Offices (Sources)
31. Regional center for bridal - evening wear
Advertising
Private Label
Dallas
Gross Margin Percentage (Dollar Merchandise Plan)
32. Creates fashion looks for magazine phot - shoots - company catalogs - etc.
Store Ownership Group
GMM (Merchandising; Retail Stores)
Specialized Store Buyer (Path for Buyers)
Stylist
33. Figure that tells the frequency with which the stock has been sold and replaced - Goal: increase turn = keep merchandise moving
Turnover (Dollar Merchandise Plan)
Vendors (Sources)
Resident Buyer (Path for Buyers)
New York (Market Centers)
34. Cotton Inc. - Wool Bureau
Vendors (Sources)
Trade Associations (Sources)
De
Confined merchandis
35. Merchandising offerings - Appropriate for customers
Factors in Selecting a Resource (Buying
Store within a Store
Sources of Information (Retail Merchandising)
Paris (Global Fashion Centers)
36. WWD - DNR - stores (consumer fashion magazines)
Market
Buyers Attend Market
Confined merchandis
Trade Publications (Sources)
37. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Turnover (Dollar Merchandise Plan)
Merchandise Assortment Planning
Stylist
Catalog/Mail Order (Non-store Retai
38. Ads; focuses on business itself
Image (Advertising)
Promotio
Paris (Global Fashion Centers)
Hypermarkets (Specialty
39. Quantity of different items offered
Dollar Merchandise Plan
Franchise
De
Breadt
40. Door-to-door or house parties
Private Label
London (Global Fashion Centers)
Direct Selling (Non-store Retailing)
Regional Marts
41. Shoplifting - internal theft - inaccurate records
Trade Associations (Sources)
Look at offerings and need out and refine their line
Breadt
Shortage (Dollar Merchandise Plan)
42. Conduct own research
Direct Selling (Non-store Retailing)
Merchandise/Promotional (Advertising)
Market Research (Sources)
OB
43. Compare what is available from the competition
Market Research (Sources)
Shopping the Stores (Sources)
Central Buyer (Path for Buyers)
Terms to be Negotiated (Buying)
44. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Business Consultant's Services
Open-to-buy (Dollar Merchandise Plan)
Product Development
Store Ownership Group
45. Pay a fee for what are supposed to be wholesale prices
Buyer (Retail Merchandising)
Wholesale Warehouse Clubs (Specialty)
Advertising
Buyers Attend Market
46. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
Minor Fashion Industries (Global Fashion Centers)
Wholesale Warehouse Clubs (Specialty)
Central Buyer (Path for Buyers)
Factory Outlet (Specialty)
47. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Promotio
Buyer (Merchandising; Retail Stores)
Sources of Merchandise (Buying)
Department Store (Characteristics)
48. Number of different items offered
Franchise
Reporting Services (Sources)
Breadt
Promotio
49. 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
Minor Fashion Industries (Global Fashion Centers)
Some samples may never be mass produced
Direct Selling (Non-store Retailing)
DMM (Merchandising; Retail Store
50. Located in market
Image (Advertising)
Using Resident Buying Offices (Sources)
Look at offerings and need out and refine their line
Paris (Global Fashion Centers)