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






2. 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






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






4. Regional center for bridal - evening wear






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






6. Conduct own research






7. Quantity of different items offered






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






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






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






11. Focuses on a particular item or product






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






13. Compare what is available from the competition






14. Sales records - Sales people






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






16. Merchandising - Buying - Product Development Organizations






17. Where store execs are housed






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

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19. Shoplifting - internal theft - inaccurate records






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






21. Menswear






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






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






24. Chain






25. Responsible for a department/area






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






27. Ads; focuses on business itself






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






29. Current information on trends






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






31. Small specialized store of a department store






32. Merchandising offerings - Appropriate for customers






33. Most aware of what is selling (bias)






34. Cotton Inc. - Wool Bureau






35. Number of different items offered






36. Responsible for establishing the store's image






37. Italian fashion - Knits - Shoes - Menswear






38. People who shop for clients






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






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






41. 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






42. Order from catalog and pick up immediately






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






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






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






46. Responsible for several areas






47. Small operation






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






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






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