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

Authored by Eugenia Steed

Life Skills

9th - 12th Grade

Used 3+ times

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

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Balanced trade

Free trade

Trade deficit

Trade surplus

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Approval buying

Blanket order

Open order

Special order

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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