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






2. Selling responsibilities






3. Door-to-door or house parties






4. Television or computer shopping






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






6. 2nd largest leasing space available






7. Compare what is available from the competition






8. People who shop for clients






9. Germany - Spain - Eastern Block






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






11. Responsible for a department/area






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

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13. Responsible for several areas






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






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






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






17. Manufacturers Attend Market to...






18. Mass - staples






19. Buying - selling - and planning of merchandise






20. Regional center for bridal - evening wear






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






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






23. Order from catalog and pick up immediately






24. Current information on trends






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






26. Price - Buying plans - What is selling - Needs of the consumer - Buyer completes order which is then approved by DMM






27. Small operation






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






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






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. Management consultants - Technical consultants - Import and export consultants






32. Conduct own research






33. 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






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






35. Shoplifting - internal theft - inaccurate records






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






37. Number of different items offered






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






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






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






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






42. Quantity of different items offered






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






44. Chain






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






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






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






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






49. Ads; focuses on business itself






50. Italian fashion - Knits - Shoes - Menswear