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. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line






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

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


3. Variety of low priced merchandise






4. Chain






5. 2nd largest leasing space available






6. Conduct own research






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






8. Small operation






9. Compare what is available from the competition






10. Responsible for establishing the store's image






11. Responsible for a department/area






12. Stores are part of an ownership group - Corporation owns a number of autonomously operated retail organizations






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






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






15. Typically 6 months prior to season






16. Cotton Inc. - Wool Bureau






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






18. Focuses on the business itself






19. Large number of resources centered in 7th Avenue area - Largest and most important domestically






20. Selling responsibilities






21. Serves as group of stores - membership is by invitation only (e.g. Associated Merchandising Corporation)






22. Mass - staples






23. Larger orders may allow for...






24. Specialize in brand and designer name clothing at discounted prices






25. Store that concentrates on a specific classification of merchandise - Often more clearly defined market - Broad and shallow assortment






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






27. Most aware of what is selling (bias)






28. Discounts for early payment - Any discounts available (special buys) - Delivery agreements (especially when goods change ownership) - Services (co-op advertising)






29. Market area - Assists specialized (central) buyer






30. Located in market






31. Television or computer shopping






32. 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






33. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera






34. Leased department: rents space to an outside firm which runs the department (makeup counters) -In-store boutique






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






36. Number of different items offered






37. Shoplifting - internal theft - inaccurate records






38. Store owner - Specialized store buyer - Central buyer - Resident buyer






39. 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






40. Manufacturers Attend Market to...






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






42. Small specialized store of a department store






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






44. Develops clothing for actors in plays - movies - and television






45. Creates fashion looks for magazine phot - shoots - company catalogs - etc.






46. Focuses on a particular item or product






47. Door-to-door or house parties






48. Additional service offered by resident buying offices- design staff of the buying office develops private label merchandise - Newest services






49. Focus specifically on product






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