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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. Chain






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

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3. Regional center for bridal - evening wear






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






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






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






7. Where store execs are housed






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






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






10. 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






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






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






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






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






15. Market area - Assists specialized (central) buyer






16. Small specialized store of a department store






17. People who shop for clients






18. Focuses on a particular item or product






19. Menswear






20. Number of different items offered






21. Typically 6 months prior to season






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






23. Current information on trends






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






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






26. Small operation






27. 2nd largest leasing space available






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






29. Sales records - Sales people






30. Merchandising offerings - Appropriate for customers






31. Conduct own research






32. 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






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






34. Buying - selling - and planning of merchandise






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






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






37. Responsible for establishing the store's image






38. Door-to-door or house parties






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






40. Larger orders may allow for...






41. Cotton Inc. - Wool Bureau






42. Responsible for a department/area






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






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






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






46. Focuses on the business itself






47. Most aware of what is selling (bias)






48. Located in market






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






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







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Can you answer 50 questions in 15 minutes?


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