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. People who shop for clients






2. 2nd largest leasing space available






3. 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






4. Small operation






5. Cotton Inc. - Wool Bureau






6. Focus specifically on product






7. Conduct own research






8. Current information on trends






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






10. These reach out and sell to - small fashion retailers in surrounding areas - serve as a wholesale selling facility for apparel producers - Better understanding of the local consumer






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






12. Focuses on a particular item or product






13. Number of different items offered






14. Typically 6 months prior to season






15. Chain






16. Quantity of different items offered






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






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






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






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






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






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






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






24. Sales records - Sales people






25. Buying - selling - and planning of merchandise






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






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






28. Selling responsibilities






29. Responsible for a department/area






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






31. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera






32. Small specialized store of a department store






33. Larger orders may allow for...






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

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35. Shoplifting - internal theft - inaccurate records






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






37. Variety of low priced merchandise






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






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






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






41. Focuses on the business itself






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






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






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






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






46. Most aware of what is selling (bias)






47. Largest portion of promotion budget (approx. 1.3% of sales) - Planning - writing - design - and scheduling of paid announcements






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






49. Merchandising - Buying - Product Development Organizations






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