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. 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






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






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






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






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






6. Larger orders may allow for...






7. Focuses on management and market research






8. Number of different items offered






9. Compare what is available from the competition






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






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






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






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






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






15. Focuses on the business itself






16. Where store execs are housed






17. Small specialized store of a department store






18. 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






19. 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






20. Mass - staples






21. Typically 6 months prior to season






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






23. Italian fashion - Knits - Shoes - Menswear






24. Manufacturers Attend Market to...






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






26. Focuses on a particular item or product






27. Cotton Inc. - Wool Bureau






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






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






30. Germany - Spain - Eastern Block






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






32. Quantity of different items offered






33. Located in market






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






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






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






37. Shoplifting - internal theft - inaccurate records






38. Regional center for bridal - evening wear






39. 2nd largest leasing space available






40. Merchandising offerings - Appropriate for customers






41. Chain






42. Market area - Assists specialized (central) buyer






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






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






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






47. Merchandising - Buying - Product Development Organizations






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






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






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