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






2. Germany - Spain - Eastern Block






3. Where store execs are housed






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






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






6. 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






7. Small operation






8. Merchandising offerings - Appropriate for customers






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






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






11. Television or computer shopping






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






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






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






15. Number of different items offered






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

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17. Responsible for several areas






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






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






20. 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






21. Compare what is available from the competition






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






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






24. Menswear






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






26. Focuses on the business itself






27. Sales records - Sales people






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






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






30. Manufacturers Attend Market to...






31. Chain






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






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






34. 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






35. Focuses on management and market research






36. Quantity of different items offered






37. Merchandising - Buying - Product Development Organizations






38. Buying - selling - and planning of merchandise






39. Responsible for establishing the store's image






40. Larger orders may allow for...






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






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






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






44. Located in market






45. Variety of low priced merchandise






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






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






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






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






50. Cotton Inc. - Wool Bureau