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Test your basic knowledge |
Fashion Merchandizing
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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. 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
New York (Market Centers)
Buyer (Merchandising; Retail Stores)
Gross Margin Percentage (Dollar Merchandise Plan)
Some samples may never be mass produced
2. Italian fashion - Knits - Shoes - Menswear
Milan (Global Fashion Centers)
Los Angeles
Factory Outlet (Specialty)
Store within a Store
3. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise
GMM (Merchandising; Retail Stores)
Overbought
Factory Outlet (Specialty)
Sources of Information (Retail Merchandising)
4. Store owner - Specialized store buyer - Central buyer - Resident buyer
Paths for Buyers
Sources of Information (Retail Merchandising)
In-store Success (Sources
Reporting Services (Sources)
5. Television or computer shopping
Confined merchandis
Electronic Retailing (Non-store Retailing)
Elements of Dollar Merchandize Plan
Lower prices
6. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)
Independently owned services
Independently Owed (Product Development Organizations)
Regional Marts
Shopping the Stores (Sources)
7. Order from catalog and pick up immediately
Catalog Showroom (Specialty)
Dallas
Store within a Store
Private Label
8. Current information on trends
Overbought
In-store Boutique
Discount Store (Specialty)
Reporting Services (Sources)
9. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department
Department Store (Characteristics)
Specialty Store
Stylist
Electronic Retailing (Non-store Retailing)
10. Selling responsibilities
Market
Catalog Showroom (Specialty)
Specialized Store Buyer (Path for Buyers)
Product Development
11. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera
Stylist
Franchise
Regional Marts
GMM (Merchandising; Retail Stores)
12. Number of different items offered
Wholesale Warehouse Clubs (Specialty)
Flagship (Classifications; Department Store)
Paths for Buyers
Breadt
13. Quantity of different items offered
Wholesale Warehouse Clubs (Specialty)
De
Lower prices
Factors to be Considered in Editing (Buying)
14. Customer makes choices out of a catalog and places order by phone - mail - or at a facility
Costume Designe
Look at offerings and need out and refine their line
Catalog/Mail Order (Non-store Retai
GMM (Merchandising; Retail Stores)
15. Mass - staples
Costume Designe
Tokyo (Global Fashion Centers
Paris (Global Fashion Centers)
Image (Promotion)
16. Market area - Assists specialized (central) buyer
Los Angeles
Resident Buyer (Path for Buyers)
Paris (Global Fashion Centers)
Chain Store
17. Money left to buy- when merchandise NEEDS to exceed merchandise available
Variety Store (Specialty)
Resident Buyer
Using Resident Buying Offices (Sources)
OB
18. Germany - Spain - Eastern Block
Terms to be Negotiated (Buying)
Minor Fashion Industries (Global Fashion Centers)
Flagship (Classifications; Department Store)
Publicity
19. Where store execs are housed
Buyers Attend Market
Specialty Store
Chain Store
Flagship (Classifications; Department Store)
20. WWD - DNR - stores (consumer fashion magazines)
Trade Publications (Sources)
Open-to-buy (Dollar Merchandise Plan)
Resident Buyer (Path for Buyers)
Gross Margin Percentage (Dollar Merchandise Plan)
21. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)
Store Owned Organizations (Product Development Organizations
Factors in Selecting a Resource (Buying
Dallas
Costume Designe
22. Anticipating future needs - Interpreting consumer demand - Evaluating current sales
Direct Selling (Non-store Retailing)
Milan (Global Fashion Centers)
Buyer (Retail Merchandising)
Trade Associations (Sources)
23. Sourcing - Logistics related to - importing - Managing information systems
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24. Menswear
London (Global Fashion Centers)
Buyers Attend Market
Store Owned Organizations (Product Development Organizations
Reporting Services (Sources)
25. Shoplifting - internal theft - inaccurate records
Trade Associations (Sources)
Minor Fashion Industries (Global Fashion Centers)
Business Consultant's Services
Shortage (Dollar Merchandise Plan)
26. Small operation
Market
Promotio
Using Resident Buying Offices (Sources)
Store Owner (Path for Buyers)
27. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment
Business Consultant's Services
Specialty Store
GMM (Merchandising; Retail Stores)
Discount Store (Specialty)
28. 2nd largest leasing space available
Paris (Global Fashion Centers)
Dollar Merchandise Plan
Los Angeles
Chain Store
29. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM
Factors to be Considered in Editing (Buying)
Direct Selling (Non-store Retailing)
Resident Buyer
Personal Shopper
30. Compare what is available from the competition
Buyers Attend Market
Factors in Selecting a Resource (Buying
Shopping the Stores (Sources)
Private Label
31. Door-to-door or house parties
Confined merchandis
Management Consultants (Consulting Services)
Electronic Retailing (Non-store Retailing)
Direct Selling (Non-store Retailing)
32. Specialize in brand and designer name clothing at discounted prices
Catalog Showroom (Specialty)
Trade Associations (Sources)
Resident Buyer
Off-Price Store (Specialty)
33. Net sales- total merchandise costs (Allow for overhead taxes and profit)
Gross Margin Percentage (Dollar Merchandise Plan)
Reporting Services (Sources)
Market
Resident Buyer
34. 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
Hypermarkets (Specialty
Regional Marts
Store within a Store
Catalog Showroom (Specialty)
35. Pay a fee for what are supposed to be wholesale prices
Wholesale Warehouse Clubs (Specialty)
Costume Designe
Store Owner (Path for Buyers)
New York (Market Centers)
36. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services
London (Global Fashion Centers)
Specialized Store Buyer (Path for Buyers)
Some samples may never be mass produced
Product Development
37. Store's own label for career and casual sportswear; prices vary (better to moderate)
Terms to be Negotiated (Buying)
Two basic kinds of ratail advertising
Trade Publications (Sources)
Private Label
38. Responsible for several areas
DMM (Merchandising; Retail Store
Publicity
Market Research (Sources)
Chain Store
39. Image Merchandise/promotional -advertising agencies bid for client accounts
Gross Margin Percentage (Dollar Merchandise Plan)
Merchandise/Promotional (Advertising)
Market Wee
Two basic kinds of ratail advertising
40. Responsible for a department/area
Merchandisi
Image (Promotion)
Buyer (Merchandising; Retail Stores)
Electronic Retailing (Non-store Retailing)
41. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources
Flagship (Classifications; Department Store)
Market Research (Sources)
Sources of Merchandise (Buying)
Catalog Showroom (Specialty)
42. 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
Dollar Merchandise Plan
Resident Buyer
Open-to-buy (Dollar Merchandise Plan)
Twig (Classifications; Department Store)
43. Small area within a store for designers or popular manufacturers
Paris (Global Fashion Centers)
Reporting Services (Sources)
In-store Boutique
Hypermarkets (Specialty
44. Management consultants - Technical consultants - Import and export consultants
Sources of Information (Retail Merchandising)
Broad-based Business Consulting Services
Trade Publications (Sources)
Reporting Services (Sources)
45. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)
Trade Publications (Sources)
Store Owned Organizations (Product Development Organizations
Confined merchandis
Merchandise Assortment Planning
46. Focuses on the business itself
Private Label
Image (Promotion)
Factors in Selecting a Resource (Buying
Independently Owed (Product Development Organizations)
47. 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
Buyers Attend Market
Image (Advertising)
Market
Buyer (Merchandising; Retail Stores)
48. Responsible for establishing the store's image
Milan (Global Fashion Centers)
Dollar Merchandise Plan
Market Wee
GMM (Merchandising; Retail Stores)
49. Conduct own research
Broad-based Business Consulting Services
Twig (Classifications; Department Store)
Market Research (Sources)
Breadt
50. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof
Factors to be Considered in Editing (Buying)
Shortage (Dollar Merchandise Plan)
Elements of Dollar Merchandize Plan
Hypermarkets (Specialty
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