PLM Midterm Study Questions || A Verified A+ Pass.

(T/F) In the apparel industry, tasks once performed by in-house engineers and production managers are now the responsibility of creative and technical designers working with merchandisers, quality assurance specialists, and sourcing teams. correct answers True A company that is fully vertically integrated seeks to consolidate and/or grow its business by: a) acquiring companies that expand its product mix to capitalize on brand recognition and increase sales for greater profit. b) acquiring control of all the steps in the production of its products c) acquiring another firm/competitor at the same stage of the supply chain d) gaining a monopoly in one stage of the supply chain correct answers b) acquiring control of all the steps in the production of its products (T/F) Signature stores give manufacturers direct retail access to their consumers at full price and access to direct consumer feedback. correct answers True Wholesale brands are: a) created under a proprietary label and sold at wholesale to retailers b) designed by a manufacturer exclusively for one retailer c) developed and merchandised with labels owned by a retailer d) made and sold to consumers only by the manufacturer correct answers a) created under a proprietary label and sold at wholesale to retailers The apparel supply chain includes all the companies directly involved in designing, supplying material components, manufacturing and distributing apparel as well as auxiliary businesses such as: a) sourcing agents b) factors c) testing laboratories d) all of the above correct answers d) all of the above The product type with the most predictable demand is: