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






2. 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






3. 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






4. Door-to-door or house parties






5. Italian fashion - Knits - Shoes - Menswear






6. Located in market






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






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






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






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






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






12. Larger orders may allow for...






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






14. Quantity of different items offered






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






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






17. Conduct own research






18. People who shop for clients






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






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






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






22. Responsible for a department/area






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






24. Merchandising - Buying - Product Development Organizations






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






26. Market area - Assists specialized (central) buyer






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






28. Typically 6 months prior to season






29. Shoplifting - internal theft - inaccurate records






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






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






32. Focus specifically on product






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






34. Menswear






35. Television or computer shopping






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






37. Sales records - Sales people






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






39. Current information on trends






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






41. Small operation






42. Responsible for several areas






43. 2nd largest leasing space available






44. Chain






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






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






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






48. Small specialized store of a department store






49. 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






50. Manufacturers Attend Market to...