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. Most aware of what is selling (bias)






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






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






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






5. Market area - Assists specialized (central) buyer






6. Located in market






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






8. Shoplifting - internal theft - inaccurate records






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

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






11. 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






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






13. People who shop for clients






14. Current information on trends






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






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






17. Merchandising - Buying - Product Development Organizations






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






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






20. Chain






21. Ads; focuses on business itself






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






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






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






25. Sales records - Sales people






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






27. Order from catalog and pick up immediately






28. Responsible for establishing the store's image






29. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera






30. 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






31. 2nd largest leasing space available






32. Typically 6 months prior to season






33. Germany - Spain - Eastern Block






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






35. Variety of low priced merchandise






36. Cotton Inc. - Wool Bureau






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






38. Larger orders may allow for...






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






40. Door-to-door or house parties






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






42. Number of different items offered






43. Small specialized store of a department store






44. Conduct own research






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






46. Manufacturers Attend Market to...






47. 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






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






49. Offer merchandise at prices below recognized levels -Emphasis on self-service - limited services -Volume-oriented






50. Regional center for bridal - evening wear