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






2. 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






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






4. Order from catalog and pick up immediately






5. Market area - Assists specialized (central) buyer






6. Shoplifting - internal theft - inaccurate records






7. Quantity of different items offered






8. 2nd largest leasing space available






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






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






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






12. Where store execs are housed






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






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






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






16. Selling responsibilities






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






18. Focuses on the business itself






19. Conduct own research






20. Small specialized store of a department store






21. Responsible for several areas






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






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






24. Regional center for bridal - evening wear






25. Responsible for establishing the store's image






26. Cotton Inc. - Wool Bureau






27. Variety of low priced merchandise






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






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

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






31. Focuses on management and market research






32. Sales records - Sales people






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






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






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






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






37. Most aware of what is selling (bias)






38. Ads; focuses on business itself






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






40. Current information on trends






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






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






43. Responsible for a department/area






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






45. Manufacturers Attend Market to...






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






47. When merchandise (inventory and ordered) is GREATER than need






48. Buying - selling - and planning of merchandise






49. Number of different items offered






50. Larger orders may allow for...