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






2. Focuses on the business itself






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






4. Shopping the stores - Using resident buying offices - Vendors - Trade publications - Reporting services - Trade associations - Market research - In-store success






5. Larger orders may allow for...






6. Shoplifting - internal theft - inaccurate records






7. Run by private enterprises - members subscribe for a fee (e.g. Doneger Group)






8. Focuses on management and market research






9. People who shop for clients






10. 2nd largest leasing space available






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






12. Door-to-door or house parties






13. 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






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






15. Italian fashion - Knits - Shoes - Menswear






16. Cotton Inc. - Wool Bureau






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






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






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






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






21. Number of different items offered






22. 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






23. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented






24. When merchandise (inventory and ordered) is GREATER than need






25. Focuses on a particular item or product






26. Small operation






27. Ads; focuses on business itself






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






29. Sales records - Sales people






30. Responsible for establishing the store's image






31. Pay a fee for what are supposed to be wholesale prices






32. Focus specifically on product






33. Market area - Assists specialized (central) buyer






34. Current information on trends






35. Small specialized store of a department store






36. Typically 6 months prior to season






37. Mass - staples






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






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






40. 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






41. Where store execs are housed






42. Selling responsibilities






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






44. 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






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






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






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






48. Quantity of different items offered






49. Compare what is available from the competition






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