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






2. Located in market






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






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






5. Order from catalog and pick up immediately






6. 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






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






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






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






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






11. Italian fashion - Knits - Shoes - Menswear






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






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. Focuses on management and market research






15. Focus specifically on product






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






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






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






19. Number of different items offered






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






21. Television or computer shopping






22. Buying - selling - and planning of merchandise






23. 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






24. Current information on trends






25. Larger orders may allow for...






26. 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






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






28. Responsible for a department/area






29. Focuses on the business itself






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






31. Where store execs are housed






32. Market area - Assists specialized (central) buyer






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


34. Mass - staples






35. Compare what is available from the competition






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






37. Responsible for several areas






38. Quantity of different items offered






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






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






41. Variety of low priced merchandise






42. Typically 6 months prior to season






43. Cotton Inc. - Wool Bureau






44. Regional center for bridal - evening wear






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






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






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






48. Shoplifting - internal theft - inaccurate records






49. Chain






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