Apparel industry - Study guides, Class notes & Summaries

MGMT 464 Exam 2 (6) Questions And Answers 100% Verified A _____ primarily details the goal-directed actions managers take in their quest for competitive advantage when competing in a single product market. A. business-level strategy B. code of ethics C. mission statement D. functional-level strategy - answerA Which of the following is a firm effect that has an impact on the competitive advantage of a firm? A. The exit barriers within the industry in which the firm operates B. The numb...

Global Sourcing Final UPDATED Exam Questions and CORRECT Answers What percent of apparel consumed by the US is made here in the US? - Correct Answer- 3% The textile and apparel industry is worth how much money? - Correct Answer- 3 trillion dollars How many people in the world work in an industry that is part of or relates to the fashion industry? - Correct Answer- 1 and 6 people

What uncontrollable marketing element provides user input as to how the company delivers upon its value proposition? Quality control inspections Product delivery schedule Competitive elements Consumer feedback - Answer Consumer feedback Which controllable marketing function should a company use to achieve its firm-level goals and to satisfy the target customers' needs and wants? Sales Promotion Production Product - Answer Product Which controllable element is included in the m...

MGMT 464 Exam 2 (6) Questions And Answers 100% Verified A _____ primarily details the goal-directed actions managers take in their quest for competitive advantage when competing in a single product market. A. business-level strategy B. code of ethics C. mission statement D. functional-level strategy - answerA Which of the following is a firm effect that has an impact on the competitive advantage of a firm? A. The exit barriers within the industry in which the firm operates B. The numb...

Nike has come a long way from its humble beginnings. It has been able to outperform adidas in sales and become the undisputed leader in the athletic shoe and apparel industry. Which of the following statements accurately explains one of the main reasons for Nike's success? A) It made the unorthodox move to spend basically its entire budget for a specific sport on a single star athlete. B) It focused on sponsoring future athletic superstars who embodied a likely success story. C) It spread it...

CTD 231 EXAM 1 QUESTIONS & ANSWERS 2024-25 Who are the industry participants? - ANSWERSManufacturers, contractors, wholesale representatives, and retailers What is a manufacturer? - ANSWERSVendors or suppliers What is an inside shop? - ANSWERSFactories operated by manufacturers What is a contractor? - ANSWERSPerform pattern making tasks but are not financially involved in the success or failure of particular styles Why do manufacturers who use contractors have more flexibility? ...

CTD 447 Exam #2 Questions & Answers 2024-25 Protectionism - ANSWERSuse of trade barriers to minimize imports in order to protect domestic industry * consumers bear the cost of trade protection: higher price + limited selection -agriculture, steel, & textile+apparel under relatively high levels of trade protection Free Trade - ANSWERS-the unrestricted exchange of goods among nations -the absence of artificial barriers to the free flow of goods and services What are the purposes of ...

Agile manufacturing requires: correct answers identifying and focusing on core competencies. partnering with other specialists. The collaborative supply chain fosters permanent partnerships. correct answers False The apparel supply chain is classified as a mature industry. correct answers true In a global marketplace, seasonal merchandise is delivered to retailers at the same time—no matter where they are geographically. correct answers false Signature stores give manufacturers di...

Chapter 13 Exam Questions With Verified Answers. Cameco Inc., based in Saskatoon, Saskatchewan, is the world's largest energy producer in its sector, producing almost 29% of the world's supply. It has experienced exceptional growth during the past five years, with revenue increasing on average by 21% per year and net earnings increasing by 46%. This period of expansion followed a protracted period of negative demand growth for its products. In what type of industry is Cameco Inc. most l...

Global Sourcing Ans: A set of business activities by which businesses acquire components or fully finished products/services from outside of the organization What percentage of apparel in the U.S. are made in other countries Ans: 97% Global sourcing refers to a short term process Ans: False Pros of Global Sourcing Ans: -Reduce material/operating cost -Improve quality of products -Increase product availability -Concentration (allows companies to focus on their competitive advantages, ...