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






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






3. Compare what is available from the competition






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






5. Where store execs are housed






6. People who shop for clients






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






8. Typically 6 months prior to season






9. Number of different items offered






10. Responsible for a department/area






11. Focus specifically on product






12. Variety of low priced merchandise






13. Television or computer shopping






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






15. Ads; focuses on business itself






16. Manufacturers Attend Market to...






17. Merchandising - Buying - Product Development Organizations






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






19. Responsible for several areas






20. Focuses on the business itself






21. 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






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






23. Located in market






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






25. Regional center for bridal - evening wear






26. Focuses on management and market research






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






28. Menswear






29. 2nd largest leasing space available






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






31. Shoplifting - internal theft - inaccurate records






32. Selling responsibilities






33. Mass - staples






34. Focuses on a particular item or product






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






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






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






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






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






40. Cotton Inc. - Wool Bureau






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






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






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






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






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






46. 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






47. Merchandising offerings - Appropriate for customers






48. 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






49. Door-to-door or house parties






50. Place where sellers display sample goods and buyers survey and place orders for merchandise which will be delivered later