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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. 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






2. Italian fashion - Knits - Shoes - Menswear






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






4. Store owner - Specialized store buyer - Central buyer - Resident buyer






5. Television or computer shopping






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






7. Order from catalog and pick up immediately






8. Current information on trends






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






10. Selling responsibilities






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






12. Number of different items offered






13. Quantity of different items offered






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






15. Mass - staples






16. Market area - Assists specialized (central) buyer






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






18. Germany - Spain - Eastern Block






19. Where store execs are housed






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






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






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






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

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24. Menswear






25. Shoplifting - internal theft - inaccurate records






26. Small operation






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






28. 2nd largest leasing space available






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






30. Compare what is available from the competition






31. Door-to-door or house parties






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






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






34. 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






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






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






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






38. Responsible for several areas






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






40. Responsible for a department/area






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






42. 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






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






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






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






46. Focuses on the business itself






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. Responsible for establishing the store's image






49. Conduct own research






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







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