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. Selling responsibilities






2. 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






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






4. Buying - selling - and planning of merchandise






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






6. Television or computer shopping






7. Small operation






8. 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






9. Italian fashion - Knits - Shoes - Menswear






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






11. People who shop for clients






12. Order from catalog and pick up immediately






13. Small specialized store of a department store






14. Menswear






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






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






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






18. Located in market






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






20. Focuses on the business itself






21. 2nd largest leasing space available






22. 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






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






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






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






26. Focuses on a particular item or product






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






28. Variety of low priced merchandise






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






30. Larger orders may allow for...






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






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






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






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






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






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

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37. Sales records - Sales people






38. Regional center for bridal - evening wear






39. Manufacturers Attend Market to...






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






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






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






43. Most aware of what is selling (bias)






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






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






46. Mass - staples






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






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






49. Typically 6 months prior to season






50. Conduct own research