New Fashion Merchandising 2.03 - 2.04 Question Preview (ID: 44527)
New Fashion Merchandising 2.03 - 2.04.
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Anthony promises a local manufacturer that he will purchase golf polos from only them. He will provide details regarding colors, sizes and quantity at a later date. Which type of purchase order should be used?
a) Advance orders
b) Back orders
c) Blanket orders
d) Open orders
A fashion merchandising class wants to plan a field trip to visit the headquarters of large retail chain stores. Which domestic fashion market should they plan to visit?
a) Chicago
b) Charlotte
c) Denver
d) Mt. View
Greens Store orders ‘Life is Good’ t-shirts every month. Which type of purchase order should they use for the upcoming month?
a) advance orders
b) back orders
c) open orders
d) regular orders
In which cities are the major fashion centers for the United States located?
a) Raleigh, Miami, and Charleston
b) Dallas, Los Angeles, and New York
c) San Francisco, Atlanta, and Chicago
d) Winston-Salem, Burlington, and Dallas
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 orders
b) reorders
c) back orders
d) regular orders
A local boutique is planning for the prom season in six months. Which type of purchase order should be used?
a) advance orders
b) reorders
c) back orders
d) regular orders
Which type of buying office is owned by a group of similar stores located in non-competing geographic locations?
a) Merchandise brokers
b) Associated offices
c) Salaried offices
d) Syndicated offices
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
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.
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) Hickory
c) New York
d) Bugtussle
What is the relationship between the values of a country’s imports and exports?
a) Protectionism
b) Balance of trade
c) Trade surplus
d) Offshore production
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) Comparative advantage
b) economic climate
c) globalization
d) balance of trade
What is the open trading zone among the United States, Canada, and Mexico?
a) Multinational corporation
b) Import commission house
c) North American Free Trade Agreement
d) World Trade Organization
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) economy of scale
c) joint venture
d) product life cycle
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
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