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






2. Italian fashion - Knits - Shoes - Menswear






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






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






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






6. Merchandising offerings - Appropriate for customers






7. 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






8. Sales records - Sales people






9. Buying - selling - and planning of merchandise






10. Door-to-door or house parties






11. Quantity of different items offered






12. 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






13. Most aware of what is selling (bias)






14. Number of different items offered






15. Larger orders may allow for...






16. Cotton Inc. - Wool Bureau






17. Focuses on management and market research






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






19. Germany - Spain - Eastern Block






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






21. Order from catalog and pick up immediately






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






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






24. Focuses on a particular item or product






25. Responsible for a department/area






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






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






28. Mass - staples






29. People who shop for clients






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






31. Shoplifting - internal theft - inaccurate records






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






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






34. Conduct own research






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






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






37. Responsible for several areas






38. Focus specifically on product






39. Merchandising - Buying - Product Development Organizations






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






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






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






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






44. Compare what is available from the competition






45. Manufacturers Attend Market to...






46. 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






47. Small operation






48. 2nd largest leasing space available






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






50. Regional center for bridal - evening wear







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