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. 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






2. Responsible for a department/area






3. Conduct own research






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






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






6. Focuses on management and market research






7. Located in market






8. Most aware of what is selling (bias)






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






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






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






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






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






14. Chain






15. 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






16. Regional center for bridal - evening wear






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






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






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






20. 2nd largest leasing space available






21. Mass - staples






22. Focuses on the business itself






23. Manufacturers Attend Market to...






24. People who shop for clients






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

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26. Buying - selling - and planning of merchandise






27. Market area - Assists specialized (central) buyer






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






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






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






31. Italian fashion - Knits - Shoes - Menswear






32. 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






33. Small specialized store of a department store






34. Responsible for establishing the store's image






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






36. Store open another facility in a different location - often in suburbs






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






38. Compare what is available from the competition






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






40. Order from catalog and pick up immediately






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






42. Merchandising - Buying - Product Development Organizations






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






44. Shoplifting - internal theft - inaccurate records






45. Current information on trends






46. Focuses on a particular item or product






47. Typically 6 months prior to season






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






49. Sales records - Sales people






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