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. 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






2. Focuses on management and market research






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






4. Cotton Inc. - Wool Bureau






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

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






7. Merchandising offerings - Appropriate for customers






8. Small specialized store of a department store






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






10. Number of different items offered






11. 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






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






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






14. Pay a fee for what are supposed to be wholesale prices






15. Quantity of different items offered






16. Focuses on a particular item or product






17. Ads; focuses on business itself






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






19. Chain






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






21. 2nd largest leasing space available






22. Door-to-door or house parties






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






24. Responsible for a department/area






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






26. Focuses on the business itself






27. Small operation






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






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






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






31. Most aware of what is selling (bias)






32. Small area within a store for designers or popular manufacturers






33. Shoplifting - internal theft - inaccurate records






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






35. Italian fashion - Knits - Shoes - Menswear






36. Focus specifically on product






37. Mass - staples






38. Typically 6 months prior to season






39. Where store execs are housed






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






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






42. Germany - Spain - Eastern Block






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






44. 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






45. Responsible for several areas






46. Menswear






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






48. Market area - Assists specialized (central) buyer






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






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