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. Number of different items offered






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






3. Responsible for establishing the store's image






4. Variety of low priced merchandise






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






6. Regional center for bridal - evening wear






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






8. 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






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






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






11. Shoplifting - internal theft - inaccurate records






12. Small operation






13. Manufacturers Attend Market to...






14. Sales records - Sales people






15. Focuses on the business itself






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






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






18. Larger orders may allow for...






19. Where store execs are housed






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






21. Conduct own research






22. People who shop for clients






23. Buying - selling - and planning of merchandise






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






25. Television or computer shopping






26. Ads; focuses on business itself






27. 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






28. Compare what is available from the competition






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






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






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






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






33. Located in market






34. Cotton Inc. - Wool Bureau






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






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






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






38. Merchandising - Buying - Product Development Organizations






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






40. Responsible for a department/area






41. Typically 6 months prior to season






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






43. Selling responsibilities






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






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






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






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






48. Merchandising offerings - Appropriate for customers






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






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