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. 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