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






2. Small operation






3. Compare what is available from the competition






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






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






6. 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






7. Number of different items offered






8. 2nd largest leasing space available






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






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






11. Menswear






12. Typically 6 months prior to season






13. Responsible for several areas






14. People who shop for clients






15. Focus specifically on product






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






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






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






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






20. Television or computer shopping






21. Merchandising offerings - Appropriate for customers






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






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






24. Variety of low priced merchandise






25. 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






26. Shoplifting - internal theft - inaccurate records






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






28. Cotton Inc. - Wool Bureau






29. Responsible for establishing the store's image






30. Some sample will be altered - To show merchandise in best possible way to accessorize it the way they intended it to be and sometimes on models - Opportunity to develop PR






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






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






33. Selling responsibilities






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






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






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






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






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






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






40. Most aware of what is selling (bias)






41. Market area - Assists specialized (central) buyer






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






43. Germany - Spain - Eastern Block






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






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






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

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47. Small specialized store of a department store






48. Ads; focuses on business itself






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






50. Regional center for bridal - evening wear