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. Buying - selling - and planning of merchandise






2. Shoplifting - internal theft - inaccurate records






3. Focuses on management and market research






4. Variety of low priced merchandise






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






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






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

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






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






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






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






12. Regional center for bridal - evening wear






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






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






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






16. Market area - Assists specialized (central) buyer






17. Most aware of what is selling (bias)






18. Quantity of different items offered






19. 2nd largest leasing space available






20. Responsible for a department/area






21. Focus specifically on product






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






23. People who shop for clients






24. Small operation






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






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






27. Merchandising offerings - Appropriate for customers






28. Door-to-door or house parties






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






30. Selling responsibilities






31. Mass - staples






32. Typically 6 months prior to season






33. Store's own label for career and casual sportswear; prices vary (better to moderate)






34. Focuses on the business itself






35. Small specialized store of a department store






36. Responsible for several areas






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






38. 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






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






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






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






42. Television or computer shopping






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. Germany - Spain - Eastern Block






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






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






47. Manufacturers Attend Market to...






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






49. Cotton Inc. - Wool Bureau






50. Larger orders may allow for...