Test your basic knowledge |

Fashion Merchandizing

Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. When merchandise (inventory and ordered) is GREATER than need






2. Regional center for bridal - evening wear






3. Money left to buy- when merchandise NEEDS to exceed merchandise available






4. Store's own label for career and casual sportswear; prices vary (better to moderate)






5. People who shop for clients






6. Screens the market for the store buyer (represents the buyer) - Group buying- allows for lower prices due to volume buying - Assist with private label- product development sourcing - Assist with foreign buying






7. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof






8. Ads; focuses on business itself






9. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)






10. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM






11. Conduct own research






12. Not paid for by the retailer and the retailer doesn't have control over what is said






13. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources






14. Where store execs are housed






15. Television or computer shopping






16. Manufacturers may not always produce everything they show in regional market (even if orders have been placed) - May not have many new manufacturers






17. Planned sales - Planned stock - Turnover - Average stock - Planned purchases - Shortage - Gross margin percentage - Open-to-buy






18. Merchandising - Buying - Product Development Organizations






19. Order from catalog and pick up immediately






20. Small operation






21. Small area within a store for designers or popular manufacturers






22. Centrally located/organized with merchandising and buying in a central headquarters - Most of the separate stores look alike and carry the same merchandise - Example = Target






23. Manufacturers Attend Market to...






24. Customer makes choices out of a catalog and places order by phone - mail - or at a facility






25. Located in market






26. Carry merchandise from many manufacturers -Originally owned by manufacturers as a way to get rid of excess merchandise






27. Image Merchandise/promotional -advertising agencies bid for client accounts






28. Management consultants - Technical consultants - Import and export consultants






29. Offerings limited to geographical area - Vendor policies (Minimums) - Vendor services (On time shipments)






30. These reach out and sell to - small fashion retailers in surrounding areas - serve as a wholesale selling facility for apparel producers - Better understanding of the local consumer






31. Mass - staples






32. Most aware of what is selling (bias)






33. Variety of low priced merchandise






34. Store open another facility in a different location - often in suburbs






35. Market area - Assists specialized (central) buyer






36. Departments are managed separately - Separate buyers for each department - Extra customer services - Checkout in each department






37. Sales records - Sales people






38. Merchandising offerings - Appropriate for customers






39. Anticipating future needs - Interpreting consumer demand - Evaluating current sales






40. To actually see the merchandise and judge how it will look in store - To find new resources for merchandise - Stores will always carry some traditional vendors But are constantly seeking new sources - Talk to other and get a feel for the trends and






41. Focuses on a particular item or product






42. Some sample will be altered - To show merchandise in best possible way to accessorize it the way they intended it to be and sometimes on models - Opportunity to develop PR






43. Current information on trends






44. Typically 6 months prior to season






45. Small specialized store of a department store






46. Selling responsibilities






47. Cotton Inc. - Wool Bureau






48. Net sales- total merchandise costs (Allow for overhead taxes and profit)






49. Sourcing - Logistics related to - importing - Managing information systems


50. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later