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. 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. Number of different items offered






3. Small operation






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






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






6. Mass - staples






7. Focus specifically on product






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






9. Variety of low priced merchandise






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. Selling responsibilities






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






13. Market area - Assists specialized (central) buyer






14. 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






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






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






17. Responsible for establishing the store's image






18. Where store execs are housed






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

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20. Manufacturers Attend Market to...






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






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






23. Most aware of what is selling (bias)






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






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






26. Door-to-door or house parties






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






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






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






30. Chain






31. Current information on trends






32. Television or computer shopping






33. Quantity of different items offered






34. Located in market






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






36. Larger orders may allow for...






37. Merchandising offerings - Appropriate for customers






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






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






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






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






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






43. Small specialized store of a department store






44. Focuses on management and market research






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






46. Germany - Spain - Eastern Block






47. Responsible for a department/area






48. Sales records - Sales people






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






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