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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. Specialize in brand and designer name clothing at discounted prices






2. Manufacturers Attend Market to...






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






4. Focuses on the business itself






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






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






7. Responsible for a department/area






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






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






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






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






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






13. Variety of low priced merchandise






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






15. Ads; focuses on business itself






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






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






18. Order from catalog and pick up immediately






19. 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






20. Where store execs are housed






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






22. Completed once the estimated demand has been made - The merchandise plan is both by: Dollar or Merchandise (amount and quantity)






23. Selling responsibilities






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






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






26. Cotton Inc. - Wool Bureau






27. Italian fashion - Knits - Shoes - Menswear






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

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29. Quantity of different items offered






30. 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






31. Sales records - Sales people






32. Current information on trends






33. 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






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






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






36. Compare what is available from the competition






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






38. Regional center for bridal - evening wear






39. Responsible for several areas






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






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. Conduct own research






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






44. Market area - Assists specialized (central) buyer






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






46. Typically 6 months prior to season






47. Door-to-door or house parties






48. Buying - selling - and planning of merchandise






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






50. Mass - staples






Can you answer 50 questions in 15 minutes?



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