FM Midterm (3A & 3B): Part 2

TOMS shoes are only available through the company’s e-tailing store and a few brick and mortar stores. Which distribution strategy is it using?

• Exclusive

• Intensive

• Regulated

• Selective

What occurs when the imports of the United States exceed its exports?

• Balanced trade

• Free trade

• Trade deficit

• Trade surplus

A local boutique is planning for the prom season in six months. Which type of purchase order should be used?

• Advanced order

• Back order

• Regular order

• Reorder

Mario’s Boots needs to order a shipment of popular cowboy boots, hats, and gear. It should order from which domestic fashion market?

• Dallas

• New York

• Atlanta

• Italy

Jim is an interior designer for a home furnishings store in the Southeast. He needs to purchase floor coverings for the upcoming season. Which domestic fashion market center should he visit?

• Atlanta

• California

• Miami

• New York

Felisha wants to purchase a custom wedding dress. Which type of purchase order should be used?

• Approval buying

• Blanket order

• Open order

• Special order

To monitor the sometimes weak trade within the fashion industry due to apparel being made cheaper in other countries, some countries rely on:

• market disruption

• protectionism

• trade balance

• free trade

Tia and Lauren own a bridal boutique. They are assisting a bride with selecting a dress. Since they are able to provide her with personalized information and assistance, which type of internal data source is being used?

• Company merchandising bureaus

• Salespeople

• Sales records

• Want Books

Elizabeth makes a log entry about a new brand of jeans that customers continue to request that are unavailable at the store. This describes which type of internal data source?

• Company merchandising bureaus

• Salespeople

• Sales records

• Want books

HanesBrands undershirts can be found in stores such as Target, JCPenney, Macy’s, and Wal-Mart department stores. Which distribution strategy are they using?

• Exclusive

• Industrial

• Intensive

• Selective