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






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






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

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4. Door-to-door or house parties






5. Manufacturer sells the rights to retail the product - Franchise has the right to use the name and stock the merchandise - Example = Panera






6. Small operation






7. Responsible for establishing the store's image






8. Order from catalog and pick up immediately






9. Chain






10. Cotton Inc. - Wool Bureau






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






12. Regional center for bridal - evening wear






13. Small specialized store of a department store






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






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






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






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






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






19. People who shop for clients






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






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






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






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






24. Current information on trends






25. 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






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. Responsible for a department/area






28. Responsible for several areas






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






30. Compare what is available from the competition






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






32. Located in market






33. Sales records - Sales people






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






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






36. Variety of low priced merchandise






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






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






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






40. Selling responsibilities






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






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






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






44. Germany - Spain - Eastern Block






45. 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






46. Buying - selling - and planning of merchandise






47. Conduct own research






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






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






50. Where store execs are housed






Can you answer 50 questions in 15 minutes?



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