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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. Compare what is available from the competition
Market
Stylist
Shopping the Stores (Sources)
Costume Designe
2. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Store Owned Organizations (Product Development Organizations
Milan (Global Fashion Centers)
Product Development
Regional Marts
3. Management consultants - Technical consultants - Import and export consultants
Central Buyer (Path for Buyers)
Lower prices
Broad-based Business Consulting Services
Elements of Dollar Merchandize Plan
4. Large number of resources centered in 7th Avenue area - Largest and most important domestically
Merchandisi
New York (Market Centers)
Regional Marts
Variety Store (Specialty)
5. Small specialized store of a department store
Private Label
Twig (Classifications; Department Store)
Department Store (Characteristics)
Overbought
6. When merchandise (inventory and ordered) is GREATER than need
Breadt
Store Ownership Group
Paris (Global Fashion Centers)
Overbought
7. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Private Label
Discount Store (Specialty)
Trade Publications (Sources)
Hypermarkets (Specialty
8. 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
Vendors (Sources)
Market Research (Sources)
Promotio
Chain Store
9. Figure that tells the frequency with which the stock has been sold and replaced - Goal: increase turn = keep merchandise moving
Turnover (Dollar Merchandise Plan)
Market Wee
In-store Boutique
Using Resident Buying Offices (Sources)
10. 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
Management Consultants (Consulting Services)
Some samples may never be mass produced
Private Label
DMM (Merchandising; Retail Store
11. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Buyers Attend Market
Discount Store (Specialty)
Trade Publications (Sources)
Gross Margin Percentage (Dollar Merchandise Plan)
12. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)
Terms to be Negotiated (Buying)
Dollar Merchandise Plan
Catalog Showroom (Specialty)
Business Consultant's Services
13. Quantity of different items offered
Department Store (Characteristics)
Advertising
De
London (Global Fashion Centers)
14. Specialize in brand and designer name clothing at discounted prices
Electronic Retailing (Non-store Retailing)
Off-Price Store (Specialty)
Direct Selling (Non-store Retailing)
Using Resident Buying Offices (Sources)
15. Manufacturers Attend Market to...
Look at offerings and need out and refine their line
Specialty Store
Buyer (Retail Merchandising)
DMM (Merchandising; Retail Store
16. People who shop for clients
Personal Shopper
Market Wee
Factory Outlet (Specialty)
Breadt
17. Store owner - Specialized store buyer - Central buyer - Resident buyer
Minor Fashion Industries (Global Fashion Centers)
Private Label
Trade Associations (Sources)
Paths for Buyers
18. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Merchandise Assortment Planning
Market Wee
Buyer (Merchandising; Retail Stores)
Store Owned Organizations (Product Development Organizations
19. Located in market
Store Owned Organizations (Product Development Organizations
Specialized Store Buyer (Path for Buyers)
Using Resident Buying Offices (Sources)
Catalog Showroom (Specialty)
20. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)
Confined merchandis
Department Store (Characteristics)
Product Development
Franchise
21. Menswear
London (Global Fashion Centers)
Store Owner (Path for Buyers)
Factors in Selecting a Resource (Buying
Merchandise Assortment Planning
22. Merchandising offerings - Appropriate for customers
Factors in Selecting a Resource (Buying
Gross Margin Percentage (Dollar Merchandise Plan)
Terms to be Negotiated (Buying)
Store Owned Organizations (Product Development Organizations
23. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations
Business Consultant's Services
Factors to be Considered in Editing (Buying)
Store Ownership Group
Image (Advertising)
24. Focuses on a particular item or product
Resident Buyer (Path for Buyers)
Specialty Store
Promotio
Discount Store (Specialty)
25. Larger orders may allow for...
Merchandise Assortment Planning
Electronic Retailing (Non-store Retailing)
Lower prices
Some samples may never be mass produced
26. Buying - selling - and planning of merchandise
Merchandisi
Variety Store (Specialty)
Branch (Classifications; Department Store
Factors in Selecting a Resource (Buying
27. Develops clothing for actors in plays - movies - and television
Advertising
Costume Designe
Off-Price Store (Specialty)
De
28. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line
Department Store (Characteristics)
Elements of Dollar Merchandize Plan
Paris (Global Fashion Centers)
Twig (Classifications; Department Store)
29. Not paid for by the retailer and the retailer doesn't have control over what is said
Resident Buyer
Paths for Buyers
Publicity
Discount Store (Specialty)
30. Responsible for establishing the store's image
GMM (Merchandising; Retail Stores)
Factors to be Considered in Editing (Buying)
Confined merchandis
Two basic kinds of ratail advertising
31. Number of different items offered
Breadt
Business Consultant's Services
Management Consultants (Consulting Services)
Image (Promotion)
32. 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
Elements of Dollar Merchandize Plan
Branch (Classifications; Department Store
Resident Buyer
Trade Associations (Sources)
33. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented
Discount Store (Specialty)
OB
Breadt
Franchise
34. 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
Paths for Buyers
Market
Wholesale Warehouse Clubs (Specialty)
Buyers Attend Market
35. Sales records - Sales people
Regional Marts
Dallas
In-store Success (Sources
DMM (Merchandising; Retail Store
36. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Open-to-buy (Dollar Merchandise Plan)
Look at offerings and need out and refine their line
Factors to be Considered in Editing (Buying)
Flagship (Classifications; Department Store)
37. Money left to buy- when merchandise NEEDS to exceed merchandise available
OB
Milan (Global Fashion Centers)
Dollar Merchandise Plan
Chain Store
38. Focus specifically on product
Private Label
Turnover (Dollar Merchandise Plan)
Merchandise/Promotional (Advertising)
Publicity
39. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Catalog/Mail Order (Non-store Retai
Confined merchandis
Chain Store
Central Buyer (Path for Buyers)
40. Focuses on the business itself
Business Consultant's Services
Specialty Store
Image (Promotion)
Trade Publications (Sources)
41. Sourcing - Logistics related to - importing - Managing information systems
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42. Germany - Spain - Eastern Block
Personal Shopper
Specialized Store Buyer (Path for Buyers)
New York (Market Centers)
Minor Fashion Industries (Global Fashion Centers)
43. Small operation
Store Owner (Path for Buyers)
Sources of Information (Retail Merchandising)
Franchise
Buyer (Merchandising; Retail Stores)
44. Television or computer shopping
Variety Store (Specialty)
Electronic Retailing (Non-store Retailing)
Flagship (Classifications; Department Store)
Resident Buyer
45. Door-to-door or house parties
Direct Selling (Non-store Retailing)
New York (Market Centers)
Off-Price Store (Specialty)
Using Resident Buying Offices (Sources)
46. Conduct own research
Business Consultant's Services
Market Research (Sources)
Lower prices
Independently Owed (Product Development Organizations)
47. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Paths for Buyers
Image (Promotion)
Department Store (Characteristics)
Turnover (Dollar Merchandise Plan)
48. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock
Open-to-buy (Dollar Merchandise Plan)
Independently Owed (Product Development Organizations)
Regional Marts
Vendors (Sources)
49. Responsible for a department/area
Image (Advertising)
Buyer (Merchandising; Retail Stores)
Shopping the Stores (Sources)
Los Angeles
50. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
Hypermarkets (Specialty
Product Development
Independently owned services
Market Research (Sources)