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. Order from catalog and pick up immediately






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






3. Focuses on management and market research






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






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






6. Most aware of what is selling (bias)






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






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






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






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






11. 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






12. Door-to-door or house parties






13. Mass - staples






14. People who shop for clients






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






16. Shoplifting - internal theft - inaccurate records






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






18. 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






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






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






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


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






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






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






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






26. Focus specifically on product






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






28. Small specialized store of a department store






29. Located in market






30. Responsible for several areas






31. Ads; focuses on business itself






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






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






34. Merchandising - Buying - Product Development Organizations






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






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






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






38. Manufacturers Attend Market to...






39. Small operation






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






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






42. Television or computer shopping






43. Buying - selling - and planning of merchandise






44. Italian fashion - Knits - Shoes - Menswear






45. 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






46. 2nd largest leasing space available






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






48. Compare what is available from the competition






49. Typically 6 months prior to season






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