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170 Multiple choice questions

  1. True
  2. True
  3. Is it collected systematically, it involves using information from different sources, it is a step by step process
    (All of the above)
  4. More space to show entire line to the public
  5. Demographic
  6. Classification
  7. Purchases
  8. Your BOM for FEB
  9. innovators
  10. Privacy
  11. Selecting and purchasing products to satisfy wants and needs of consumers, keeping sales and inventory records
  12. Exclusive-vendors only sell the product to one retailer in a trading area. Selective-Sell to one or more selected retailer in the same trading area.
  13. Women
  14. True
  15. True
  16. Stock to sales ratio method
  17. True
  18. Yes
  19. Introduction stage
  20. False
  21. Upward
  22. Sales forecasts are less reliable
  23. Latinos
  24. Reductions
  25. Customer satisfaction
  26. Decreasing
  27. Individual markup percentages
  28. Gloves
  29. Shrinkage, markdowns, employee discounts
  30. Existing and potential competition, target market
  31. Laggards begin accepting the product
  32. Owner
  33. Business week
  34. True
  35. Increasing
  36. Operations
  37. ...
  38. ALL OF THE ABOVE
  39. "On Order"
  40. True
  41. Past sales
  42. Introduction
  43. No. Its purpose is to make the designer stand out and make them unique/name for themselves. Popularize their name, brand awareness, designer name recognition, it is an inspiration.
  44. Convenience products you don't take time to decide about the purchase, specialty you put in time and research before you buy
  45. Hurricanes/natural disasters
  46. More casual clothing
  47. ability to design computer programs
  48. Gross sales - customer returns = net sales
  49. True
  50. Toys R Us
  51. discount department stores
  52. The elderly
  53. Phsychographic
  54. Teas
  55. True
  56. merchandise manager
  57. Clicks and morter
  58. Self esteem
  59. Salaried
  60. Hiring
  61. False
  62. Decreasing average stock
  63. True
  64. Buyer for a major department
  65. Sales
  66. True
  67. true
  68. Sales associates have more knowledge about market conditions than do buyers
  69. No, it is in other places. Automobiles!
  70. lead time
  71. Sales/Average stock
  72. Merchandise Manager
  73. Weekly inventories
  74. Once a year (walmart and target)
  75. Safety
  76. Enthusiastic and more knowledgable sales staffs are easier to maintain
  77. Concentrated
  78. Vision
  79. Tastes of customers
  80. External factors for making buying decisions
  81. Liscensed
  82. Travel Opportunities
  83. Primary data is collected by you first hand, secondary is what has already been published. Secondary data example: Trade publications
  84. Goal-Setting Ability
  85. true
  86. Market identification
  87. Patronage
  88. True
  89. Downward
  90. True
  91. A measurement of the profitability of a retailers sales
  92. False
  93. Yes, to maintain accuracy of the books. Avoid shrinkage
  94. False
  95. True
  96. Behavioristic
  97. No. It is not easy compared to basic stock
  98. Fashion coordinator
  99. All of the above
  100. True
  101. False
  102. Better quality products guaranteed
  103. Data mining
  104. TRUE
  105. False
  106. Retail Strategy
  107. Food
  108. stock to sales ratio
  109. False
  110. ...
  111. To maintain an ending inventory of $50,000
  112. Purchasing Merchandise
  113. IT WILL REDUCE.
    Electronic Data Interchange.....Quick Response....The vendor
  114. False
  115. New York
  116. Undifferentiated
  117. Buyers can devote more of their time to product and market knowledge
  118. True
  119. Routine
  120. True
  121. Type of information needed to make the purchase, type of merchandise they are purchasing, time available to make the purchase, (All of the above)
  122. False
  123. Can be outdated
  124. Merchandise cost and its selling price
  125. Skyrocketing sales
  126. False
  127. ...
  128. Reducing the price of merchandise in the store
  129. True
  130. increased
  131. Personnel
  132. True
  133. Small stores because manufacturer wants you to buy in huge amounts
  134. A fashion is a currently accepted or popular style and a fad is pop up trend of fashion.
  135. The amount of money you have to spend on purchases
  136. True
  137. Sales
  138. Forecasts fashion
  139. Markdowns
  140. Hardware
  141. Horizontal
  142. True
  143. True
  144. False
  145. Anytime period of time
  146. Trade journals
  147. Percentages
  148. High school seniors
  149. Rational
  150. The internet
  151. True
  152. Food, things that go bad
  153. centralized
  154. big k mart
  155. Sales
  156. True
  157. TJ Maxx
  158. False
  159. Yes. NOt a disadvantage
  160. Sales + Reductions + EOM - BOM
  161. When potential sales of existing products are lost to new items
  162. Fashion merchandising
  163. Beginning inventory......
    (Subtract returns to vendor)
    (Add Purchases)
    (Subtract Sales)
    (Add Customer Returns)
    =Stock
  164. False
  165. Consumer incomes
  166. Telemarketing
  167. False
  168. Maintain markups increase
  169. The buyers personal opinion/likes
  170. True