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






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






3. Manufacturers Attend Market to...






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






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






6. Responsible for establishing the store's image






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






8. Most aware of what is selling (bias)






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






10. Cotton Inc. - Wool Bureau






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






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






13. Larger orders may allow for...






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






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






16. Variety of low priced merchandise






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






18. 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






19. Responsible for a department/area






20. Merchandising offerings - Appropriate for customers






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






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






23. Located in market






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






25. Quantity of different items offered






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






27. Merchandising - Buying - Product Development Organizations






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






29. Market area - Assists specialized (central) buyer






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






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






32. Focuses on management and market research






33. Image Merchandise/promotional -advertising agencies bid for client accounts






34. Selling responsibilities






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






36. Compare what is available from the competition






37. Small specialized store of a department store






38. Regional center for bridal - evening wear






39. Typically 6 months prior to season






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






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






42. Buying - selling - and planning of merchandise






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

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44. Number of different items offered






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






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






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






48. Focuses on a particular item or product






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






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







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Can you answer 50 questions in 15 minutes?


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