MDSE 2490 Test #4
"stealing" a product to re-sell it for cheaper - ANS-"boost" product
1. sales reps/showrooms/market center (DMC)
2.internal selling (private labels)
3.corporate selling - ANS-3 ways wholesale works
4-5 woman and children's
3-5 men's
2-5 shoes
can overlap, during major they are all open - ANS-market weeks
a building that houses thousands of showrooms for a specific merchandise category (Dallas
market center) - ANS-mart
an agreement between a buyer and a seller about
-payment for merchandise
-delivered
-reorder capabilities
-promotional discounts - ANS-terms of sale
An independent retailer's service organization usually located in the major city of a foreign
market area, buyers but smaller - ANS-commissionaire (middle man)
Arizona for JCP, it is a private label that is exclusive to retailer. Just cause designed in house
does not mean buyers will manufacturer it. - ANS-internal selling of private labels
Bill of Materials
document that shows an inclusive listing of amount (the bill) - ANS-BOM
brands largest store locations - ANS-flagship store
buy foreign goods then sell to retailers, not heard of much anymore b/c companies have gotten
bigger - ANS-American importers
central location, 3rd largest
known for western wear & southwest inspired (fossil, pier 1, container store) - ANS-DMC
cities that are headquarters of major fashion brands, showrooms and trade shows (NY, LA,
Dallas, Miami) (Paris, Milan, Tokyo, Hong Kong, London) - ANS-market centers
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