/* */

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. Must be selected for membership - All couture houses do custom dressmaking but also have ready-to-wear line






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






3. Mass - staples






4. Compare what is available from the competition






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






6. 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






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






8. Most aware of what is selling (bias)






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






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






11. Responsible for several areas






12. People who shop for clients






13. Small specialized store of a department store






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






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






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






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






18. Focuses on a particular item or product






19. Focuses on management and market research






20. Responsible for a department/area






21. Focus specifically on product






22. Number of different items offered






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






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






25. Germany - Spain - Eastern Block






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






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






28. Door-to-door or house parties






29. Cotton Inc. - Wool Bureau






30. Italian fashion - Knits - Shoes - Menswear






31. Manufacturers Attend Market to...






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






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






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






35. Order from catalog and pick up immediately






36. Sales records - Sales people






37. Current information on trends






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






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






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






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






42. Small operation






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






44. Conduct own research






45. Merchandising - Buying - Product Development Organizations






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






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






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






50. Typically 6 months prior to season






//