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. Money left to buy- when merchandise NEEDS to exceed merchandise available






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






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






4. Variety of low priced merchandise






5. Mass - staples






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






7. Current information on trends






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






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






10. Small specialized store of a department store






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






12. Responsible for a department/area






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






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






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






17. Door-to-door or house parties






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






19. Number of different items offered






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






21. Conduct own research






22. Focuses on management and market research






23. Compare what is available from the competition






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






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






26. 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






27. Merchandising - Buying - Product Development Organizations






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






29. Where store execs are housed






30. Typically 6 months prior to season






31. Italian fashion - Knits - Shoes - Menswear






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






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






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






35. Focuses on the business itself






36. Focus specifically on product






37. Focuses on a particular item or product






38. Responsible for establishing the store's image






39. Cotton Inc. - Wool Bureau






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






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






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






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






44. Television or computer shopping






45. Merchandising offerings - Appropriate for customers






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






47. 2nd largest leasing space available






48. Buying - selling - and planning of merchandise






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






50. Regional center for bridal - evening wear