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. Buying - selling - and planning of merchandise






2. People who shop for clients






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






4. Selling responsibilities






5. Small operation






6. Door-to-door or house parties






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






8. Cotton Inc. - Wool Bureau






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






10. Chain






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






12. Variety of low priced merchandise






13. Focus specifically on product






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






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






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






17. Largest portion of promotion budget (approx. 1.3% of sales) - Planning - writing - design - and scheduling of paid announcements






18. Shoplifting - internal theft - inaccurate records






19. Responsible for several areas






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






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






22. Order from catalog and pick up immediately






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






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






25. Small specialized store of a department store






26. Conduct own research






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






28. Most aware of what is selling (bias)






29. Compare what is available from the competition






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






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






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






33. Current information on trends






34. Sales records - Sales people






35. Italian fashion - Knits - Shoes - Menswear






36. Television or computer shopping






37. 2nd largest leasing space available






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






39. Market area - Assists specialized (central) buyer






40. Larger orders may allow for...






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






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

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43. 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






44. Located in market






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






46. Merchandising - Buying - Product Development Organizations






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






48. 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






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






50. 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