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. Ads; focuses on business itself






2. Regional center for bridal - evening wear






3. Market area - Assists specialized (central) buyer






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






5. Current information on trends






6. 2nd largest leasing space available






7. Shoplifting - internal theft - inaccurate records






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






9. 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






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






11. Conduct own research






12. Typically 6 months prior to season






13. Focuses on a particular item or product






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






15. Sales records - Sales people






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






17. Merchandising offerings - Appropriate for customers






18. Focus specifically on product






19. 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






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






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






22. Number of different items offered






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






24. Larger orders may allow for...






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






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






27. Buying - selling - and planning of merchandise






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






29. Compare what is available from the competition






30. Door-to-door or house parties






31. Television or computer shopping






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






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






34. Germany - Spain - Eastern Block






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






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






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






38. Focuses on the business itself






39. Merchandising - Buying - Product Development Organizations






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






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






42. People who shop for clients






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






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






45. Cotton Inc. - Wool Bureau






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






47. Manufacturers Attend Market to...






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






49. Quantity of different items offered






50. Chain