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. Focuses on the business itself






2. Compare what is available from the competition






3. 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






4. People who shop for clients






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






6. Responsible for several areas






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






8. Television or computer shopping






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

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






11. Responsible for a department/area






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






13. Shoplifting - internal theft - inaccurate records






14. Market area - Assists specialized (central) buyer






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






16. Conduct own research






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






18. Regional center for bridal - evening wear






19. Current information on trends






20. Sales records - Sales people






21. 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






22. Selling responsibilities






23. Italian fashion - Knits - Shoes - Menswear






24. Merchandising - Buying - Product Development Organizations






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






26. Responsible for establishing the store's image






27. Located in market






28. Small operation






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






30. Focus specifically on product






31. Chain






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






33. Variety of low priced merchandise






34. Germany - Spain - Eastern Block






35. These reach out and sell to - small fashion retailers in surrounding areas - serve as a wholesale selling facility for apparel producers - Better understanding of the local consumer






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






37. Buying - selling - and planning of merchandise






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






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






40. 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






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






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






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






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






45. Focuses on a particular item or product






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






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






48. Merchandising offerings - Appropriate for customers






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






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