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. Typically 6 months prior to season






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






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






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






5. Small specialized store of a department store






6. Small operation






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






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






9. Chain






10. Most aware of what is selling (bias)






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






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






13. 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


14. Market area - Assists specialized (central) buyer






15. 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






16. 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






17. Italian fashion - Knits - Shoes - Menswear






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






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






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






21. Order from catalog and pick up immediately






22. Merchandising - Buying - Product Development Organizations






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






24. Merchandising offerings - Appropriate for customers






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






26. Cotton Inc. - Wool Bureau






27. Television or computer shopping






28. Focus specifically on product






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






30. Germany - Spain - Eastern Block






31. Conduct own research






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






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






34. Selling responsibilities






35. Quantity of different items offered






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






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






38. Regional center for bridal - evening wear






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






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






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






42. Mass - staples






43. Anticipating future needs - Interpreting consumer demand - Evaluating current sales






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






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






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






47. Focuses on management and market research






48. Compare what is available from the competition






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests