Fashion Merchandising Unit 2 Review

Different inventories due to counting errors, pilferage, spoilage, theft, or wastage is:

A person or company that makes goods for sale.

Colombia has the ability to produce apparel goods better than many other countries. This is:

How much of the U.S Apparel and Textile industry is reliant on imports?

Growth of international commerce & communications that makes national boundaries less important:

Which source is responsible for the highest percentage of inventory shrinkage?

When a country exports more than they import, what is occurring?

Which of the following is true about a line sheet?

Makes a finished good from raw materials and other components; also known as producer:

The selling price of a dress is $50, the cost of it was $20, what is the markup of this item?

All of the following are benefits of attending fashion events such as market weeks EXCEPT:

A manual or automated inventory accounting system that counts inventory on a real-time basis is:

Orders for merchandise to satisfy individual customers rather than for regular stock:

A person or firm who resells goods to retailers is a:

Why is it important to have a plan in mind when buyers go to market week?

Which is NOT one of the market centers?

Who investigates imported consumer goods that may infringe on U.S. intellectual property rights

What is the smallest unit for which sales and stock are kept?

Which of the following is NOT a source of internal information?

What is a government’s policy of allowing goods to flow freely in and out of its economy?