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. Cotton Inc. - Wool Bureau






2. Focuses on the business itself






3. People who shop for clients






4. Merchandising - Buying - Product Development Organizations






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






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






7. Germany - Spain - Eastern Block






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






9. Focus specifically on product






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






11. Number of different items offered






12. Selling responsibilities






13. Order from catalog and pick up immediately






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






15. Most aware of what is selling (bias)






16. Compare what is available from the competition






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






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






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






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






21. Market trips - Sales reps wh - visit buyer - Catalogs - Resident buying offices - Store-owned resources






22. Current information on trends






23. Focuses on a particular item or product






24. Where store execs are housed






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






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






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






28. Conduct own research






29. Responsible for several areas






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






31. Market area - Assists specialized (central) buyer






32. Door-to-door or house parties






33. Typically 6 months prior to season






34. Chain






35. Located in market






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






37. Small specialized store of a department store






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

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






40. 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






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






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






43. Small operation






44. Sales records - Sales people






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






46. Variety of low priced merchandise






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






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






49. Shoplifting - internal theft - inaccurate records






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