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






2. 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






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






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






5. 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






6. Shoplifting - internal theft - inaccurate records






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






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






9. Small specialized store of a department store






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






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






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






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






14. Sourcing - Logistics related to - importing - Managing information systems

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15. Chain






16. Manufacturers Attend Market to...






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






18. Small operation






19. 2nd largest leasing space available






20. Conduct own research






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






22. Television or computer shopping






23. Compare what is available from the competition






24. Larger orders may allow for...






25. Current information on trends






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






27. Germany - Spain - Eastern Block






28. Order from catalog and pick up immediately






29. Merchandising - Buying - Product Development Organizations






30. Most aware of what is selling (bias)






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






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






33. Variety of low priced merchandise






34. People who shop for clients






35. Door-to-door or house parties






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






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






38. Regional center for bridal - evening wear






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






40. Merchandising offerings - Appropriate for customers






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






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






43. Responsible for establishing the store's image






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






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






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






47. Typically 6 months prior to season






48. Focuses on a particular item or product






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






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