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. 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






2. People who shop for clients






3. Focuses on a particular item or product






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






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






6. Germany - Spain - Eastern Block






7. Manufacturers Attend Market to...






8. Number of different items offered






9. Chain






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






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






12. Shoplifting - internal theft - inaccurate records






13. 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






14. Larger orders may allow for...






15. Mass - staples






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






17. Focus specifically on product






18. Small operation






19. Menswear






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






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






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






23. Merchandising offerings - Appropriate for customers






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






25. Located in market






26. Focuses on management and market research






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






28. Variety of low priced merchandise






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






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






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

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






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






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






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






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






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






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






39. Sales records - Sales people






40. Merchandising - Buying - Product Development Organizations






41. 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






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






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






44. Selling responsibilities






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






46. Buying - selling - and planning of merchandise






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






48. Where store execs are housed






49. Compare what is available from the competition






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