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

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2. Menswear






3. Number of different items offered






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






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






6. Regional center for bridal - evening wear






7. Focuses on management and market research






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






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






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






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






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






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






14. Manufacturers Attend Market to...






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






16. Responsible for establishing the store's image






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






18. Selling responsibilities






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






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






21. Sales records - Sales people






22. Focuses on the business itself






23. Merchandising - Buying - Product Development Organizations






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






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






26. Cotton Inc. - Wool Bureau






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






28. Focuses on a particular item or product






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






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






31. Television or computer shopping






32. Buying - selling - and planning of merchandise






33. Small specialized store of a department store






34. Anticipating future needs - Interpreting consumer demand - Evaluating current sales






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






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






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






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






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






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






41. Market area - Assists specialized (central) buyer






42. 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






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






44. Where store execs are housed






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






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






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






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






49. Larger orders may allow for...






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