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






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






3. Ads; focuses on business itself






4. Menswear






5. Compare what is available from the competition






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






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






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






9. Sales records - Sales people






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






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






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






13. Mass - staples






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






15. Conduct own research






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






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






18. Number of different items offered






19. Cotton Inc. - Wool Bureau






20. Responsible for establishing the store's image






21. People who shop for clients






22. Television or computer shopping






23. Regional center for bridal - evening wear






24. Manufacturers Attend Market to...






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






26. Most aware of what is selling (bias)






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

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






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






30. Focuses on a particular item or product






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






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






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






34. Shoplifting - internal theft - inaccurate records






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






36. 2nd largest leasing space available






37. 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






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






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






40. Chain






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






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






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






44. Responsible for a department/area






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






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






47. Merchandising - Buying - Product Development Organizations






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






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






50. 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