Exam (elaborations)
Apparel Industry Development Order (DETAILED ANSWERS) Semester 2 2024 - DISTINCTION
- Course
- Institution
Apparel Industry Development Order (DETAILED ANSWERS) Semester 2 2024 - DISTINCTION
[Show more]
Seller
Follow
Content preview
8/12/24, 3:34 AMApparel Industry Development Order
Jeremiah
Terms in this set (25)
The process of creating and designing a collection of related products for a specific
Product Line Development
target market.
The process of gathering, analyzing, and interpreting information about a market,
Market Research
including consumer preferences and behavior.
Determining the optimal selling price for a product based on production costs,
Pricing
competition, and market demand.
A schedule that outlines the timeline for producing and delivering a product, including
Production Calendar
key milestones and deadlines.
North American Industry Classification System, which provides numerical codes to
NAICS
track economic activity crossing US borders.
The federal agency responsible for overseeing issues related to trade, including lead-
Federal Trade Commission
contaminated clothing at ports.
Physical retail locations, the decline of which is not a driver of changes in today's
Brick & Mortar Stores
apparel industry.
When a retailer purchases a smaller competitor and incorporates their business as part
Vertical Integration
of their own, expanding in the same industry.
A production philosophy where demand-driven actions are taken, such as ordering
Continuous Production
rush shipments based on unexpected weather conditions.
Undergoing upheaval with mergers occurring mainly in clothing, footwear, luxury
Global Fashion Business
goods, and children's apparel categories.
Creates pressure for manufacturers to meet aggressive delivery deadlines, leading to
Quick Response
increased marketing costs and potentially dangerous working conditions.
First arose during the Civil War in the 1860s, driven by the need for large-scale
Mass Produced Clothing
production of uniforms.
The first apparel fast fashion production strategy used to reduce the time between
Just in Time
apparel production and retail, emphasizing timely production.
Involves small batches produced continuously, in response to actual sales demand
Pull/Demand Based Apparel Production rather than sales forecasts.
Apparel Industry Development Order
1/2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Denyss. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72841 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now