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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. Order from catalog and pick up immediately






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

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3. Manufacturers Attend Market to...






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






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






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






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






8. Focus specifically on product






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






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






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






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






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






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






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






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






17. Focuses on a particular item or product






18. Larger orders may allow for...






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






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






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






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






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






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






25. Where store execs are housed






26. Merchandising - Buying - Product Development Organizations






27. Sales records - Sales people






28. Shoplifting - internal theft - inaccurate records






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






30. Buying - selling - and planning of merchandise






31. Italian fashion - Knits - Shoes - Menswear






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






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






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






35. Compare what is available from the competition






36. Regional center for bridal - evening wear






37. Most aware of what is selling (bias)






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






39. 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






40. 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






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






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






43. Small operation






44. Quantity of different items offered






45. Focuses on the business itself






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






47. Door-to-door or house parties






48. Ads; focuses on business itself






49. 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






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







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Can you answer 50 questions in 15 minutes?


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