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. WWD - DNR - stores (consumer fashion magazines)






2. Current information on trends






3. Where store execs are housed






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






5. Cotton Inc. - Wool Bureau






6. Focuses on management and market research






7. Larger orders may allow for...






8. People who shop for clients






9. Sometimes called the 6 month plan - Balances planned stock and planned sales in dollars - Previous 6 months plan is used as a guideline






10. Figure that tells the frequency with which the stock has been sold and replaced - Goal: increase turn = keep merchandise moving






11. Responsible for several areas






12. Manufacturers Attend Market to...






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






14. Located in market






15. Tells buyer dollar amount of purchases that can be made - Actual stock- planned stock






16. Number of different items offered






17. Conduct own research






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






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






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






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






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






23. Television or computer shopping






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






25. Market area - Assists specialized (central) buyer






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






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






28. Merchandising - Buying - Product Development Organizations






29. Menswear






30. Order from catalog and pick up immediately






31. Italian fashion - Knits - Shoes - Menswear






32. 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


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






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






35. Responsible for a department/area






36. Responsible for establishing the store's image






37. 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






38. 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






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






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






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






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






43. 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






44. Focuses on the business itself






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






46. Buying - selling - and planning of merchandise






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






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






49. Quantity of different items offered






50. Variety of low priced merchandise