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






2. Manufacturers Attend Market to...






3. Compare what is available from the competition






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






5. Shoplifting - internal theft - inaccurate records






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






7. Mass - staples






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






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






10. Ads; focuses on business itself






11. Located in market






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






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






14. Small specialized store of a department store






15. Market area - Assists specialized (central) buyer






16. 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


17. Cotton Inc. - Wool Bureau






18. Chain






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






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






21. Small operation






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






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






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






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






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






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






28. Larger orders may allow for...






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






30. Typically 6 months prior to season






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






32. Focuses on the business itself






33. Most aware of what is selling (bias)






34. Variety of low priced merchandise






35. Focuses on a particular item or product






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






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






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






39. Door-to-door or house parties






40. Responsible for several areas






41. 2nd largest leasing space available






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






43. Quantity of different items offered






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






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






46. Merchandising - Buying - Product Development Organizations






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






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






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






50. Television or computer shopping







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests