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. Regional center for bridal - evening wear






2. Merchandising offerings - Appropriate for customers






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






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






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






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






7. Focuses on a particular item or product






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






9. Typically 6 months prior to season






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






11. Small specialized store of a department store






12. Chain






13. Responsible for establishing the store's image






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






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






16. People who shop for clients






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






18. Larger orders may allow for...






19. Most aware of what is selling (bias)






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






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






22. Shoplifting - internal theft - inaccurate records






23. Television or computer shopping






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






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






26. Located in market






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






28. Menswear






29. Number of different items offered






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






31. Ads; focuses on business itself






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






33. Mass - staples






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






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






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






37. Sales records - Sales people






38. Focuses on the business itself






39. Compare what is available from the competition






40. Italian fashion - Knits - Shoes - Menswear






41. 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






42. 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






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






44. Centrally located/organized with merchandising and buying in a central headquarters - Most of the separate stores look alike and carry the same merchandise - Example = Target






45. Merchandising - Buying - Product Development Organizations






46. Selling responsibilities






47. Small operation






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






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






50. Current information on trends