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Fashion Merchandizing

Instructions:
  • Answer 50 questions in 15 minutes.
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  • 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. Sourcing - Logistics related to - importing - Managing information systems

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






3. Merchandising - Buying - Product Development Organizations






4. Menswear






5. Italian fashion - Knits - Shoes - Menswear






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






7. Responsible for establishing the store's image






8. Mass - staples






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






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






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






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






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






14. Germany - Spain - Eastern Block






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






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






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






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






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






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






21. Order from catalog and pick up immediately






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






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






24. Larger orders may allow for...






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






26. Quantity of different items offered






27. Small operation






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






29. Current information on trends






30. Buying - selling - and planning of merchandise






31. Chain






32. Ads; focuses on business itself






33. Responsible for a department/area






34. Typically 6 months prior to season






35. Variety of low priced merchandise






36. Focuses on a particular item or product






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






38. Focuses on the business itself






39. Most aware of what is selling (bias)






40. Number of different items offered






41. 2nd largest leasing space available






42. 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






43. Sales records - Sales people






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






45. WWD - DNR - stores (consumer fashion magazines)






46. Television or computer shopping






47. 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






48. Shoplifting - internal theft - inaccurate records






49. Small specialized store of a department store






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







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