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Fashion Merchandizing

  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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. Creates fashion looks for magazine phot - shoots - company catalogs - etc.

2. Selling responsibilities

3. Where store execs are housed

4. People who shop for clients

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

6. Door-to-door or house parties

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

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

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

10. 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

11. Market area - Assists specialized (central) buyer

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

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

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

15. Mass - staples

16. 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

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

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

19. Compare what is available from the competition

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

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

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

23. Responsible for several areas

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

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

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

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

28. Merchandising - Buying - Product Development Organizations

29. 2nd largest leasing space available

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

31. Buying - selling - and planning of merchandise

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

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

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

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

36. Shoplifting - internal theft - inaccurate records

37. Focuses on a particular item or product

38. Responsible for a department/area

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

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

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

42. Focus specifically on product

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

44. Located in market

45. 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

46. Focuses on management and market research

47. Sales records - Sales people

48. Focuses on the business itself

49. 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

50. Current information on trends