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. Germany - Spain - Eastern Block






2. Number of different items offered






3. Ads; focuses on business itself






4. 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






5. Small specialized store of a department store






6. Most aware of what is selling (bias)






7. Located in market






8. People who shop for clients






9. Compare what is available from the competition






10. Italian fashion - Knits - Shoes - Menswear






11. Sales records - Sales people






12. 2nd largest leasing space available






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






14. Typically 6 months prior to season






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






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






17. Order from catalog and pick up immediately






18. Focus specifically on product






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






20. Focuses on management and market research






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






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






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






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






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






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






27. Where store execs are housed






28. Responsible for a department/area






29. Merchandising - Buying - Product Development Organizations






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






31. Current information on trends






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






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






34. Television or computer shopping






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






36. Small operation






37. Menswear






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






39. Variety of low priced merchandise






40. Chain






41. Focuses on the business itself






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






43. Larger orders may allow for...






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






45. Buying - selling - and planning of merchandise






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






47. 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






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






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

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50. Cotton Inc. - Wool Bureau