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. Chain






2. Focuses on management and market research






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






4. Current information on trends






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






6. Merchandising - Buying - Product Development Organizations






7. Where store execs are housed






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






9. Focuses on the business itself






10. Italian fashion - Knits - Shoes - Menswear






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






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






13. Germany - Spain - Eastern Block






14. Number of different items offered






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






16. Combine supermarket - appliances - toys - drug store items - apparel - etc. - everything under one roof






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






18. Variety of low priced merchandise






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






20. Pay a fee for what are supposed to be wholesale prices






21. Ads; focuses on business itself






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






23. Typically 6 months prior to season






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






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






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






27. Responsible for establishing the store's image






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






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

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30. Cotton Inc. - Wool Bureau






31. Shoplifting - internal theft - inaccurate records






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






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






34. Market area - Assists specialized (central) buyer






35. Order from catalog and pick up immediately






36. Menswear






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






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






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






40. Focus specifically on product






41. 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






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






43. Door-to-door or house parties






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






45. 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






46. Quantity of different items offered






47. 2nd largest leasing space available






48. Compare what is available from the competition






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






50. Selling responsibilities