TXMI 3210 - practice final exam

1) The Primary importers of foreign goods in the fashion industry are the:a. Retailersb. wholesalersc. manufacturersd. jobberse. Textile Manufacturers

2 ) Purchasing done according to the stores rather than the manufacturers standards is called:

a. Global sourcingb. specification buyingc. standard brand buyingd. quality controle. commission buying

3 ) Foreign Investors, mostly from Europe and asia, have taken certain routes to ownership, including:

a. joint venturesb. licensingc. total ownership d. Both a and be. answers a, b, and c

4 ) What legislation eliminated quotas and tariffs for goods shipped between the US, Canada, and Mexico

a. GATTb. WTOc. SMEd. Transshippinge. NAFTA

5 ) The equivalent of American ready to wear is the French: a. Pret- a- porterb. comissionairec. cautiond. Couturier e. boutique

6 ) The country that is home to the largest handloom industry in the world is: a. brazilb. indiac. australiad. the United Statese. france

7 ) The paid use of space or time in any medium is called: a. Mediab. publicity c. advertisingd. public relationse. visual merchandising

TXMI 3210 - practice final exam

8 ) Which of the following works to improve a clients image with the target market and may develop long- range plans and directions for the purpose?

a. media b. publicity c. advertisingd. public relationse. visual merchandising

True or False

9) Market Weeks typically last five to six days, although smaller marts and trade shows ofter schedule three- day markets.

10) the balance of trade is the difference between the value of exports and the value of imports

11) When the value of goods that a country imports exceeds the value of goods that it exports, the country has a trade surplus.

12) Departmental buying refers to the practice , for example, of a sportswear buyer who buys all categories of merchandise usually carried in a sportswear department.

13) Group purchasing power for private label programs is a key advantage of a corporate buying office.

14) The purpose of a fashion auxiliary service is to keep fashion in front of the public through advertising or publicity.

15) A stores visual merchandising supports and strengthens a retailers image.

Essay

16) Discuss the growth of non-store retailing including direct sellers, television shopping, and the internet/ social media. In your opinion, where do you, as a shopper, see the opportunity for the greatest growth- and - why?

17) Choose three International fashion centers ( cities) and discuss each according to their relevance to the fashion industry.