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. 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






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






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






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






6. Market area - Assists specialized (central) buyer






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






8. Responsible for a department/area






9. Menswear






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






11. Germany - Spain - Eastern Block






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






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






14. Sales records - Sales people






15. 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






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






17. Focuses on the business itself






18. Responsible for several areas






19. Merchandising - Buying - Product Development Organizations






20. Most aware of what is selling (bias)






21. Selling responsibilities






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






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






24. Focuses on a particular item or product






25. People who shop for clients






26. Responsible for establishing the store's image






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






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






29. Variety of low priced merchandise






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






31. Regional center for bridal - evening wear






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






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






34. Cotton Inc. - Wool Bureau






35. Merchandising offerings - Appropriate for customers






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






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






38. Ads; focuses on business itself






39. Quantity of different items offered






40. Door-to-door or house parties






41. Shoplifting - internal theft - inaccurate records






42. Conduct own research






43. Compare what is available from the competition






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






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






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






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






48. Number of different items offered






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. Located in market