CTD BUS 231 EXAM 2 || With Complete
Questions & Solutions (Rated A+)
2024
CONCEPTIAL RESEARCHERS
, CTD BUS 231 EXAM 2 || With Complete
Questions & Solutions (Rated A+)
What is acquisitions and mergers? - ANSWER - Purchasing another company or
brand to increase market share or competitive advantage
What is offshore production? - ANSWER - Can occur through contracting with
foreign producers or by establishing own sew-only factory in a foreign country
What is a tariff? - ANSWER - Tax on imported goods
What is quota? - ANSWER - Limit on the amount of imported goods
What is Embargo? - ANSWER - Total ban on imported goods from a country
What is the reason for tariffs? - ANSWER - To raise the prices of imported foreign
goods so people choose to buy cheaper goods may domestically
What is the reason for quota? - ANSWER - To raise the prices of important foreign
good so people choose to buy cheaper good made domestically
What is the reason for embargo? - ANSWER - To punish a country economically
What do tariffs and quotas do together? - ANSWER - Level playing field between
developing countries, protect domestic industry and enable it to complete with low
cost imports
What are some apparel manufacturing trends? - ANSWER - Mass customization and
supply chain management technology
What is mass customization? - ANSWER - Application of mass production
techniques to produce of a single customer configure garment (custom Nike's) (body
scanning)
What is an example of supply chain management technology? - ANSWER -
Electronica data interchange (QR code, radio frequency identification, universal
product code)
What is supply chain management? - ANSWER - Combines all activities to
coordinate and manage the steps to produce a product, including procuring row
materials, producing goods, transporting and distributing those good, and managing
the selling process
What is a physical feature? - ANSWER - What the product really is
What is a performance feature? - ANSWER - What product does
Questions & Solutions (Rated A+)
2024
CONCEPTIAL RESEARCHERS
, CTD BUS 231 EXAM 2 || With Complete
Questions & Solutions (Rated A+)
What is acquisitions and mergers? - ANSWER - Purchasing another company or
brand to increase market share or competitive advantage
What is offshore production? - ANSWER - Can occur through contracting with
foreign producers or by establishing own sew-only factory in a foreign country
What is a tariff? - ANSWER - Tax on imported goods
What is quota? - ANSWER - Limit on the amount of imported goods
What is Embargo? - ANSWER - Total ban on imported goods from a country
What is the reason for tariffs? - ANSWER - To raise the prices of imported foreign
goods so people choose to buy cheaper goods may domestically
What is the reason for quota? - ANSWER - To raise the prices of important foreign
good so people choose to buy cheaper good made domestically
What is the reason for embargo? - ANSWER - To punish a country economically
What do tariffs and quotas do together? - ANSWER - Level playing field between
developing countries, protect domestic industry and enable it to complete with low
cost imports
What are some apparel manufacturing trends? - ANSWER - Mass customization and
supply chain management technology
What is mass customization? - ANSWER - Application of mass production
techniques to produce of a single customer configure garment (custom Nike's) (body
scanning)
What is an example of supply chain management technology? - ANSWER -
Electronica data interchange (QR code, radio frequency identification, universal
product code)
What is supply chain management? - ANSWER - Combines all activities to
coordinate and manage the steps to produce a product, including procuring row
materials, producing goods, transporting and distributing those good, and managing
the selling process
What is a physical feature? - ANSWER - What the product really is
What is a performance feature? - ANSWER - What product does
