Wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Section 2.00 Test Prep

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Which of the following is responsible for making goods?

a)

Manufacturers

b)

Consignments

c)

Retailers

d)

Consumers

2.

Which of the following are individuals that use the finished products, such as apparel?

a)

Manufacturers

b)

Consignments

c)

Retailers

d)

Consumers

3.

One of the 4 P's of the Marketing Mix. This involves how and where products are offered to consumers....

a)

Distribution

b)

Product

c)

Price

d)

Advertising

4.

The route the product takes from the original source, through all middle-people to the end user.

a)

Product Placement

b)

Wholesale Route

c)

Channel of Distribution

d)

Logistic Manipulation

5.

__________ are suppliers of goods and resources.

a)

Agents

b)

Vendors

c)

Franchisee

d)

Reseller

6.

__________ owns goods or brand of which others sell.

a)

Franchisee

b)

Agent

c)

Franchisor

d)

Reseller

7.

Which of the following is the Merchandising Cycle?

a)

Advertising, Selling, Buying

b)

Planning, Buying, Selling

c)

Planning, Distribution, Selling

d)

Marketing, Producing, Pricing

8.

Internal data sources are..........

a)
  • obtained within the retail company.

b)

information from outside their companies.

c)

comparison shoppers.

d)

trade publication such as newspapers and magazines.

9.

A(n) ______________ is the smallest unit for which sales and stock records are kept.

a)

assortment plan

b)

merchandise plan

c)

stock-keeping unit (SKU)

d)

unidentified widget

10.

________________ is the quantity of each item offered in the assortment categories or classifications carried.

a)

Assortment Depth

b)

Assortment Breadth

c)

Assortment Width

d)

Assortment Girth

11.

_________ - 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.

a)

Back order

b)

Procurement

c)

Blanket order

d)

Completion date

12.

A detailed list of goods shipped or services rendered, showing the money amount due; an itemized bill for materials sent.

a)

Procurement

b)

Leave Paper

c)

Invoice

d)

Discount

13.

Buying from a resource who has maintained a reputation for dependable, quality, appropriate styling, price, and a national brand name.

a)

markup

b)

procurement

c)

leave paper

d)

line buying

14.

The amount of money the retailer makes as a percentage of sales after the cost of goods sold is subtracted.

a)

wholesale price

b)

gross margin

c)

mark down

d)

net worth

15.

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

a)

line sheet

b)

category captains

c)

commissionaires

d)

terms of sale

16.

The conditions governing a sale, as set forth by the seller

a)

invoice

b)

markdown

c)

first cost

d)

terms of sale

17.

Suppliers of goods; resources

a)

commissionaires

b)

vendors

c)

wholesalers

d)

sales representatives

18.

Buying at the wholesale level for resale at the retail level

a)

wholesaler

b)

first cost

c)

procurement

d)

invoice

19.

Independent buying agents who help domestic buyers with foreign purchasing

a)

sales representative

b)

commissionaires

c)

floor ready merchandise

d)

manufacturers

20.

Sell their lines by making calls on various retailers.

a)

manufacturer's traveling sales representatives

b)

consulting services

c)

merchandise brokers

d)

resident buying officers (RBO)