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. Small operation






2. Current information on trends






3. Focus specifically on product






4. Sales records - Sales people






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






6. Focuses on management and market research






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






8. Variety of low priced merchandise






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






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






11. Typically 6 months prior to season






12. People who shop for clients






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






14. Selling responsibilities






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






16. Focuses on the business itself






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






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






19. Small specialized store of a department store






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






21. Compare what is available from the competition






22. Order from catalog and pick up immediately






23. Responsible for establishing the store's image






24. Focuses on a particular item or product






25. Larger orders may allow for...






26. Mass - staples






27. Regional center for bridal - evening wear






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






29. Conduct own research






30. 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






31. Chain






32. 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






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






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






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






36. Buying - selling - and planning of merchandise






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






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






39. Manufacturers Attend Market to...






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

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






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






43. Located in market






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






45. Merchandising offerings - Appropriate for customers






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






47. 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






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






49. 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






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