Exam (elaborations)
Apparel Industry Development Order (DETAILED ANSWERS) Semester 2 2024 - DISTINCTION
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Apparel Industry Development Order (DETAILED ANSWERS) Semester 2 2024 - DISTINCTION
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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
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