WorksheetsSection 2.00 Test Prep
Total questions: 20
Worksheet time: 10mins
Which of the following is responsible for making goods?
Manufacturers
Consignments
Retailers
Consumers
Which of the following are individuals that use the finished products, such as apparel?
Manufacturers
Consignments
Retailers
Consumers
One of the 4 P's of the Marketing Mix. This involves how and where products are offered to consumers....
Distribution
Product
Price
Advertising
The route the product takes from the original source, through all middle-people to the end user.
Product Placement
Wholesale Route
Channel of Distribution
Logistic Manipulation
__________ are suppliers of goods and resources.
Agents
Vendors
Franchisee
Reseller
__________ owns goods or brand of which others sell.
Franchisee
Agent
Franchisor
Reseller
Which of the following is the Merchandising Cycle?
Advertising, Selling, Buying
Planning, Buying, Selling
Planning, Distribution, Selling
Marketing, Producing, Pricing
Internal data sources are..........
obtained within the retail company.
information from outside their companies.
comparison shoppers.
trade publication such as newspapers and magazines.
A(n) ______________ is the smallest unit for which sales and stock records are kept.
assortment plan
merchandise plan
stock-keeping unit (SKU)
unidentified widget
________________ is the quantity of each item offered in the assortment categories or classifications carried.
Assortment Depth
Assortment Breadth
Assortment Width
Assortment Girth
_________ - merchandise orders that have not been filled within the time specified and have not been canceled by the buyer - customers are still waiting on it.
Back order
Procurement
Blanket order
Completion date
A detailed list of goods shipped or services rendered, showing the money amount due; an itemized bill for materials sent.
Procurement
Leave Paper
Invoice
Discount
Buying from a resource who has maintained a reputation for dependable, quality, appropriate styling, price, and a national brand name.
markup
procurement
leave paper
line buying
The amount of money the retailer makes as a percentage of sales after the cost of goods sold is subtracted.
wholesale price
gross margin
mark down
net worth
A wholesale sales sheet used by a manufacturer in the garment/fashion industry providing information on a product. Allows a garment to be listed with the sizes in its size range, great for inventory tracking
line sheet
category captains
commissionaires
terms of sale
The conditions governing a sale, as set forth by the seller
invoice
markdown
first cost
terms of sale
Suppliers of goods; resources
commissionaires
vendors
wholesalers
sales representatives
Buying at the wholesale level for resale at the retail level
wholesaler
first cost
procurement
invoice
Independent buying agents who help domestic buyers with foreign purchasing
sales representative
commissionaires
floor ready merchandise
manufacturers
Sell their lines by making calls on various retailers.
manufacturer's traveling sales representatives
consulting services
merchandise brokers
resident buying officers (RBO)
