Preview Questions Retail Buyer | Role Specific Skill

Question 1: How do seasonal variations in fashion impact trend forecasting, and how should a retail buyer adapt procurement strategies to account for seasonal demand?

Which action should you take?

Choose only one option

Seasonal variations only apply to outdoor wear, not everyday fashion

Seasonal variations determine which styles, fabrics, and colors will be in demand, requiring buyers to adjust their inventory accordingly

Seasonal variations are irrelevant as fashion trends are constant throughout the year

Seasonal variations should be ignored, as they don't affect consumer purchasing behavior

Question 2: How do you manage the risk of investing in fashion trends that fail to gain mainstream traction?

Which action should you take?

Choose only one option

By relying on the popularity of influencers and ignoring market research

By using data analytics, monitoring early indicators, and diversifying the product portfolio to mitigate risk

By assuming all trendy items will eventually become mainstream

By following trends blindly without evaluating potential risks

Question 3: How does consumer segmentation contribute to market analysis in fashion retail, and how should a buyer tailor procurement strategies for different consumer segments?

Which action should you take?

Choose only one option

Consumer segmentation applies only to marketing, not procurement

Consumer segmentation is irrelevant for fashion retail buyers, as everyone buys the same items

Consumer segmentation divides the market based on factors like age, income, and preferences, helping buyers select products for each segment

Consumer segmentation only applies to high-end brands, not mass-market apparel

Question 4: How can customer feedback contribute to market analysis in fashion retail, and what methods should a retail buyer use to collect and analyze feedback?

Which action should you take?

Choose only one option

Customer feedback is irrelevant, as buyers should rely on sales data only

Customer feedback is unnecessary for high-volume products

Customer feedback only applies to post-purchase satisfaction surveys

Customer feedback helps identify product preferences, quality issues, and emerging trends, guiding more informed procurement decisions

Question 5: How do purchase orders (POs) function in product procurement, and what steps should a buyer take to ensure that POs are accurate and timely?

Which action should you take?

Choose only one option

POs only apply to domestic suppliers and not international ones

POs are irrelevant as long as the buyer trusts the supplier's terms

POs are only necessary for large-scale orders, not for routine procurement

POs are used to formalize agreements with suppliers; buyers should ensure product specifications, quantities, and delivery dates are clearly stated

Question 6: How does product lifecycle analysis affect market analysis in fashion retail, and what role does it play in determining procurement strategies?

Which action should you take?

Choose only one option

Product lifecycle analysis is irrelevant to fast-fashion retailers

Product lifecycle analysis tracks how long products remain in demand, helping buyers decide when to replenish or phase out items

Product lifecycle analysis is unnecessary for trending fashion products

Product lifecycle analysis only applies to durable goods, not fashion