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. Typically 6 months prior to season






2. Current information on trends






3. Conduct own research






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






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






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






7. Television or computer shopping






8. Responsible for establishing the store's image






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






10. Small specialized store of a department store






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






12. Door-to-door or house parties






13. Italian fashion - Knits - Shoes - Menswear






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






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






16. Responsible for a department/area






17. Merchandising offerings - Appropriate for customers






18. Menswear






19. Regional center for bridal - evening wear






20. Focuses on management and market research






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






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






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






24. Number of different items offered






25. Responsible for several areas






26. Quantity of different items offered






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






28. Small operation






29. Selling responsibilities






30. Sales records - Sales people






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






32. Shoplifting - internal theft - inaccurate records






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






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






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






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






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






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






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






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






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






42. Variety of low priced merchandise






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

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






45. Merchandising - Buying - Product Development Organizations






46. Order from catalog and pick up immediately






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






48. Focus specifically on product






49. People who shop for clients






50. Chain