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Unit 2- Fashion Merchandising

Total questions: 47

Worksheet time: 24mins

Name
Class
Date
1.

Which aspect of global trade refers to a country's purchasing power, standard of living, and relative cost of doing business?

a)

Balance of trade

b)

Comparative advantage

c)

Economic climate

d)

Globalization

2.

In which cities are the major fashion centers for the United States located?

a)

Dallas, Los Angeles, and New York

b)

Raleigh, Miami, and Charleston

c)

San Francisco, Atlanta, and Chicago

d)

Winston-Salem, Burlington, and Dallas

3.

Which is an example of a manager of a retail store using internal data for merchandise planning?

a)

Reviews past sales records to see what merchandise sold the best

b)

Calls vendors to get product information

c)

uses information from trade associations for merchandise planning

d)

hires resident buying to assist with merchandise planning

4.

What is the route products take from producer to end user?

a)

apparel marts

b)

channel of distribution

c)

textile process

d)

trade associations chain

5.

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

a)

advanced order

b)

back order

c)

regular order

d)

reorder

6.

Which aspect of global trade examines the relationship between a country's exports and imports and is usually expressed as a surplus or deficit?

a)

balance of trade

b)

comparative advantage

c)

economic climate

d)

globalization

7.

The United States exercises the right of levying a tariff to meet the expenditures of its imported goods, which is called a/an

a)

export

b)

sale

c)

standard

d)

tax

8.

If the United States levies taxes on goods coming into it, which taxes are charged?

a)

delivery fees

b)

exemptions

c)

quotas

d)

tariffs

9.

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?

a)

company merchandising bureaus

b)

salespeople

c)

sales records

d)

want books

10.

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

a)

exclusive

b)

industrial

c)

intensive

d)

selective

11.

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

a)

approval buying

b)

blanket order

c)

special order

d)

open order

12.

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

a)

market disruption

b)

protectionism

c)

trade balance

d)

free trade

13.

The use of foreign workers in one or more countries to complete the manufacturing steps of goods that carry a producer's label is which type of action?

a)

counterfeiting

b)

fashion industrialization

c)

offshore production

d)

protectionism

14.

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

a)

Dallas

b)

New York

c)

Atlanta

d)

Italy

15.

Due to its importing of more products than it exports, the United States:

a)

has a large trade deficit

b)

has a urplus of goods

c)

has no trade deficit

d)

takes advantage of child labor

16.

Greens Sore orders 'Life is Good' t-shirts every month. Which type of purchase order should they use for the upcoming month?

a)

advance orders

b)

backorders

c)

regular order

d)

reorder

17.

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

18.

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?

a)

exclusive

b)

intenive

c)

regulated

d)

selective

19.

What is the open trading zone among the United States, Canada, and Mexico?

a)

multinational corporation

b)

north american free trade agreement

c)

import commission house

d)

world trade organization

20.

The United States and Switzerland share the production of a new high-quality line of chocolates. This is an example of:

a)

full package production

b)

joint venture

c)

economy of scale

d)

product life cycle

21.

Iris is responsible for planning and purchasing goods for a department store. Part of her responsibilities include keeping track of the economic trends and consumer behavior data. Iris's job would best be described as:

a)

sales associate

b)

visual merchandiser

c)

buyer

d)

manager

22.

Sam supplies local boutiques with dressing room chairs and is able to answer questions about current trends in store layouts and furnishings. Sam is an example of which type of external data source?

a)

trade information

b)

vendor

c)

comparison shopper

d)

reporting consulting service

23.

Macy's hires decorators to create window displays during Christmas season. The decorators only decorate for large, upscale department stores. Which type of distribution strategy is being used?

a)

exclusive

b)

industrial

c)

intensive

d)

selective

24.

Saks Fifth Avenue ordered 500 dresses, but only 300 were delivered. In order to get the remaining 200, the manager should use which type of purchase order?

a)

advance order

b)

backorder

c)

regular order

d)

reorder

25.

Concord Mills shopping mall contains discount stores such as Bass and Manhattan Shirts. Since these stores are manufacturer-owned and operated, which type of retailer is available?

a)

boutiques

b)

department stores

c)

factory outlets

d)

franchises

26.

Which type of fashion retailer offers a high level of customer service, fashion -forward merchandise, and targets special -interest customers?

a)

boutique

b)

department store

c)

discount store

d)

flagship store

27.

Molly is planning a trip to a regional apparel mart. She appreciates the options of visiting several vendors. Which is an advantage of attending a regional apparel mart?

a)

few resident buying offices

b)

lack of unusual items

c)

numerous showrooms under one roof

d)

limited special purchased goods

28.
Nike wants their clothing to be more affordable and available to their customers. What would be their best distribution strategy?
a)
Intensive
b)
Exclusive
c)
Selective
d)
Direct
29.
Makes a finished good from raw materials and other components; also known as producer:
a)
Retailer
b)
Wholesaler
c)
Agent
d)
Manufacturer
30.
A person or firm who resells goods to retailers is a:     
a)
Retailer
b)
Wholesaler
c)
Agent
d)
Manufacturer
31.
Tiffany’s jewelry may only be found in its stores. What would be their best distribution strategy?
a)
Intensive
b)
Exclusive
c)
Selective
d)
Direct
32.
The activity of purchasing only one category classification of merchandise, often done by chain store buyers is:
a)
Classification buying
b)
Departmental buying
c)
Specification buying
d)
Individual buying
33.
Which of the following types of plans is a plan that describes the types and quantities of merchandise to purchase for a department?
a)
Assortment plan
b)
Dollar merchandising plan
c)
Merchandise plan
d)
Buying plan

34.
Which of the following is NOT a role of a retail buyer?
a)
Accurately forecast what merchandise will appeal to their customers
b)
Selecting and purchasing goods for their companies
c)
Estimate future demand for merchandise
d)
Advertise new products the store has in stock
35.
Belk buyers go visit showrooms every 3 months to select new merchandise for their stores. Each time they do this, the market usually lasts from a Tuesday-Sunday and buyers from all over the region are in the same area to buy merchandise. This several day period is known as
a)
Prime buying time
b)
Market week
c)
Market month
d)
Fleet week
36.
Why is it important to have a plan in mind when buyers go to market week?
a)
It is important that they do not buy too much or too little.
b)
They need to avoid buying an entire line in a “vacuum” without considering other lines.
c)
They have limited funds with which to buy and limited space in their store.
d)
All of the above are true. 
37.
At Buffy’s Boutique, they usually sell 10 pairs of jeans per week. It takes about 3-4 days for new jeans to come in once they place their re-order so they normally re-order each time they get down to having 8 pairs of jeans in stock. In this case, the point where they get down to 8 pairs of jeans is known as:
a)
Back Order
b)
Reorder Point
c)
Market Week
d)
Special Order
38.
What are market centers?
a)
Concentrated areas where goods are produced, sold, and bought at wholesale prices
b)
A geographic area where buyers and sellers meet to exchange money for products and services
c)
The area in the middle of a market that usually hosts fashion shows
d)
Both A and B
39.
Which of the following is true about a line sheet?
a)
It includes the different color ways in which each item is available.
b)
It has a high quality photograph of the garment.
c)
It contains sales records of how each item has sold at market.
d)
It only includes the highlights of the best selling items in each collection.
40.
What is the growth of international commerce and communications that makes national boundaries less important?
a)
NAFTA
b)
World Trade Organization
c)
Globalization
d)
Industry Growth
41.
Sometimes the U.S. dollar is in a really good place when considering the exchange rate and it is considered strong. Sometimes though, it is weak and the U.S. dollar is not worth as much as other currencies such as the euro or pound. When the U.S. dollar is weak, how does that affect the price of importing/exporting?
a)
It raises the price of U.S goods for other countries.
b)
It lowers the price of U.S. goods for other countries.
c)
It lowers the price of other countries’ goods imported to the U.S.
d)
It does not affect the pricing.
42.
What is a government’s policy of allowing goods to flow freely in and out of its economy?
a)
Free trade
b)
Limited trade
c)
Protectionism
d)
Socialism
43.

Many of the apparel goods sold in the U.S. are produced in other countries and we import them here. If that happens too much, what can happen?

a)

It could threaten apparel goods that are produced domestically.

b)

It could lead to domestic manufacturers going out of business.

c)

It could mean lower prices for customers purchasing clothing that was made in another country.

d)

It could lead to all of these things. 

44.
China produces a surplus of pink crop tops. In China, they are sold for a wholesale price of $10 but when China exports the crop tops, they are sold to the U.S. for a wholesale price of only $5. What is this concept called?
a)
Dumpster Diving
b)
Importing Deficit
c)
Markdowns
d)
Dumping
45.
Who is responsible for investigating imported consumer goods that may infringe on U.S. intellectual property rights?
a)
The Internal Trade Commission
b)
The Federal Bureau of Investigation
c)
Mr. Bosco
d)
The Import/Export Police
46.
Colombia has the ability to produce apparel goods better than many other countries. This ability is known as:
a)
Trade Surplus
b)
Comparative Advantage
c)
Sweatshops
d)
Manufacturing Facility
47.
Represents another company to negotiate sales, purchases or both and does not take ownership of the goods
a)
Retailer
b)
Wholesaler
c)
Agent
d)
Manufacturer