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. Number of different items offered






2. 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






3. Conduct own research






4. Order from catalog and pick up immediately






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






6. Where store execs are housed






7. Merchandising - Buying - Product Development Organizations






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






9. Ads; focuses on business itself






10. Manufacturers Attend Market to...






11. Buying - selling - and planning of merchandise






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






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






14. People who shop for clients






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






16. Shoplifting - internal theft - inaccurate records






17. Regional center for bridal - evening wear






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






19. Small operation






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






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






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






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






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






25. Market area - Assists specialized (central) buyer






26. Small specialized store of a department store






27. Merchandising offerings - Appropriate for customers






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






29. 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






30. 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






31. Quantity of different items offered






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






33. Door-to-door or house parties






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


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






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






37. Selling responsibilities






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






39. 2nd largest leasing space available






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






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






42. 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






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






44. Sales records - Sales people






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






46. Responsible for establishing the store's image






47. Larger orders may allow for...






48. Chain






49. Menswear






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