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FM Review 3-4

Total questions: 54

Worksheet time: 27mins

Name
Class
Date
1.
Predicting fashion trends is:
a)
forecasting.
b)
merchandising
c)
producing
d)
retailing
2.
The buyer at J. Crew clothing retailer is planning orders for next summer based on products sold last year during the same time period. Which typeof data source does this represent?
a)
Color services
b)
Comparison shopping
c)
Marketing research
d)
Sales records
3.
A fashion forecasting company provides which service?
a)
Trains sales associates
b)
Provides merchandise
c)
Creates advertisements
d)
Predicts upcoming trends
4.
In predicting fashion trends, Janae reviews fashion publications, catalogs,and websites. This type of marketing research is:
a)
forecasting
b)
consumer research.
c)
fashion shopping.
d)
sales research
5.
Which is the action of studying market conditions, consumer lifestyles,current events, and the mood of the public to provide reports for apparel markets?
a)
Customer profiling
b)
Forecasting
c)
Market segmentation
d)
Test marketing
6.
A new trend in men’s casual pants is a wrinkle resistant fabric. Which type of trend is this?
a)
Textile
b)
Color
c)
Design
d)
Print
7.
Alex’s Boutique uses information gathered from a customer survey to determine how they can improve their customer service. Which type of data source does this represent?
a)
Color services
b)
Comparison shopping
c)
Marketing research
d)
Sales records
8.
Which role uses fashion forecasting in the retail environment?
a)
Customers
b)
Manufacturers
c)
Editors
d)
Merchandisers
9.
Colors, textiles, silhouettes, and design are elements used to forecast which fashion movements?
a)
Fibers
b)
Economic conditions
c)
Trends
d)
Designers
10.
The overall form or outline of an outfit or clothing style is the:
a)
silhouette.
b)
style.
c)
texture
d)
trimmings
11.
The visual merchandiser prepares the new spring merchandise plan for Foot Locker shoe and apparel retailer. Which tool should be used tocreate the plan?
a)
Computer Aided Design (CAD)
b)
Universal Product Code (UPC)
c)
Stock Keeping Unit (SKU)
d)
Small Business Association (SBA)
12.
Target alerts customers of special sale prices when they are physically near a Target location. Which type of technology are they using?
a)
Clienteling
b)
Cloud computing
c)
Geotracking
d)
Social media
13.
Amy’s Boutique connects with her loyal customers using which free advertising tool?
a)
Newspaper advertising
b)
Social media
c)
Personal shopper
d)
Internet
14.
Makayla wants information about Belk’s new merchandise, career opportunities, and current trends. The tool she should use is a:
a)
loyalty program.
b)
personal shopper.
c)
website.
d)
magazine advertisement.
15.
A store uses Twitter to inform customers about an upcoming sale. Which type of technology is being used?
a)
Clienteling
b)
Cloud computing
c)
Geotracking
d)
Social media
16.
IF DSW shoe store exchanges information and interacts with its customers, which form of technology for communication is being used?
a)
Magazine advertisement
b)
Social media
c)
Click stream data
d)
Universal Product Code
17.
When Hugo shops for new jeans online, he leaves a virtual trail of his shopping activity. This type of data collection is called:
a)
Point-of-Sale system.
b)
Universal Product Code.
c)
mobile apps.
d)
click stream data.
18.
Before leaving the store, Jada completed and submitted an application for a card that will give her discounts in the store. Which service will thiscard provide Jada access to her discounts?
a)
Website
b)
Loyalty program
c)
Social media
d)
Online shopping
19.
Maria receives a 10% discount every time she shops at Finish Lineathletic apparel store. She receives the discounts because she is enrolledin which type of service?
a)
Loyalty program
b)
Customer service
c)
Information system
d)
Employee discount
20.
The North Face apparel retailer posts information about an upcoming sustainability program on Twitter, YouTube, Facebook, and Pinterest.North Face is using:
a)
loyalty program.
b)
click stream data.
c)
social media.
d)
clienteling.
21.
What is a fashion forecasting
a)
predicting those trends early enough to allow time for production to meet the consumer demand
b)
a show that shows you that fashion forcast
c)
a forcast for what you should wear
d)
none of the above 
22.
What is the direction of movement of public acceptance of color, texture, and silhouette in fashion called 
a)
fashion movement 
b)
fashion showcase
c)
fashion trend 
d)
fashion show
23.
Who is involed in forecasting 
a)
the retailer
b)
the designer
c)
the people who makes it 
d)
ESP trender lad
24.
What is the definition of color servives
a)
the color wheel 
b)
Fashion and textile industry professionals who meet twice a year to pool their knowledge of color cycles and preferences and to project color trends for the future.
c)
designers and merchandisers to plan their color stories and purchase fabrics.
d)
colors that help and make cloths pop 
25.
What is a electronic light beam readers that feed bar code information to a computer 
a)
electronic optional scanner 
b)
a scanner 
c)
a light beam
d)
a price check 
26.
How many months do textile designers work ahead of the schedule for products to hit the market.
a)
At least 6 months
b)
 At least 15 months
c)
At least 18 months
27.
Teen, Vogue, glamour, GQ are what?
a)
Sources of Information
b)
Magazines
c)
Websites
d)
Companies
28.
A shoe store manager realizes a new brand of snow boots are selling quickly due to rising popularity. In order to maintain current stock, the manager will order to maintain inventory. Which type of purchase order should be used?
a)
Advanced order
b)
Back order
c)
Regular order
d)
Reorder
29.
Felisha wants to purchase a custom wedding dress. Which type of purchase order should be used?
a)
Approval buying
b)
Blanket order
c)
Open order
d)
Special order
30.
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?
a)
Atlanta
b)
California
c)
Miami
d)
New York
31.
Caroline received a questionnaire in the mail that asked questions about her income, lifestyle, fashion preference, and shopping habits. The questionnaire is a:
a)
consumer survey.
b)
fashion forecast.
c)
fashion publication.
d)
sales brochure.
32.
There is only one department store in a small, rural town in North Carolina without any competitors. The store dominates the industry in that area. This describes which competitive market structure?
a)
Monopoly
b)
Nonprice Competition
c)
Oligopoly
d)
Pure competition
33.
What is a basis for psychographic segmentation?
a)
Customer location
b)
Education level
c)
Income
d)
Lifestyle
34.
Trey buys his wife a new purse for Mother’s Day. She immediately begins to use it on a daily basis. In this example, what is the wife’s role?
a)
Consumer
b)
Wholesale
c)
Service
d)
Supplier
35.
Reggie has an interview with a large company that requires specialized management and work skills. He will be required to manage a large group of people. Which type of business organization does this describe?
a)
Corporation
b)
Partnership
c)
Sole proprietorship
d)
Nonprofit
36.
Deon works for a company that is complex, expensive to form, and heavily taxed. Which type of business organization does this describe?
a)
Corporation
b)
Partnership
c)
Sole proprietorship
d)
Nonprofit
37.
Ashley prefers to work alone and enjoys the prestige and feeling of accomplishment that comes with owning a hair salon. Which type of business organization does this describe?
a)
Corporation
b)
Partnership
c)
Sole proprietorship
d)
Nonprofit
38.
Each year, PacSun makes hundreds of beach towels to sell at their coastal locations. In this example, the beach towels are:
a)
furniture.
b)
goods.
c)
services.
d)
supplies.
39.
What is 30% converted to a decimal?
a)
0.003
b)
0.03
c)
0.3
d)
3
40.
Belk provided a coupon in the newspaper for 15% off twin bed sheets regularly priced $48.50. Excluding tax, what would a customer pay if they used the coupon?
a)
$7.28
b)
$36.38
c)
$41.22
d)
$43.35
41.
When the price of a product or service increases, demand will usually:
a)
be average.
b)
decrease.
c)
increase.
d)
remain the same.
42.
Hannah, an employee at Lakeside Boutique, is allowed the typical employee discount given to many entry-level employees. The rate ofdiscount Hannah receives is most likely between:
a)
5% and 10%.
b)
10% and 15%.
c)
10% and 30%.
d)
40% and 50%.
43.
The most expensive jewelry including diamonds, emeralds, gold, andplatinum is classified as:
a)
bridge.
b)
costume.
c)
faux.
d)
fine.
44.
Jason purchased a sweater from a local men’s apparel retailer. The pricehe paid was the:
a)
cost.
b)
extended price.
c)
keystone price.
d)
retail price.
45.
What is the markup percentage based on retail for an item with a dollar markup of $70.00, cost of $30.00, and a retail price of $100.00?
a)
30%
b)
70%
c)
100%
d)
333%
46.
The subtotal of Jennifer’s purchases is $384.50 and sales tax is 6%.What is the total amount due?
a)
$23.07
b)
$361.43
c)
$387.18
d)
$407.57
47.
Bed Bath & Beyond, a home accessory retailer, sent customers a special coupon worth a 10% discount on purchases of $25.00 or more. Kashin a purchased two towel sets for $12.99 each. What was the price of her purchase, including sales tax calculated at 7%?
a)
$12.51
b)
$13.90
c)
$25.02
d)
$27.80
48.
Most department and fashion specialty stores calculate markup percent based on:
a)
cost.
b)
markdown.
c)
markup.
d)
retail price.
49.
An amount added to the cost of goods to reach a selling price is a/an:
a)
add-on.
b)
cost plus.
c)
extension.
d)
markup.
50.
When a product is in high demand, prices usually:
a)
decrease.
b)
fluctuate.
c)
increase.
d)
remain the same.
51.
Sweaters originally priced to sell for $92.79 are marked down 75%. Whatis the sale price?
a)
$22.18
b)
$23.20
c)
$68.13
d)
$69.59
52.
A markup equal to the cost of the merchandise is:
a)
extended.
b)
initial.
c)
keystone.
d)
maintained.
53.
The most common type of retail price change is a/an:
a)
employee discount.
b)
initial markup.
c)
markdown.
d)
markup.
54.
The difference between the original selling price and the reduced selling price is the
a)
Close out 
b)
Mark up 
c)
 Mark Down 
d)
Demand