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68 Multiple choice questions
- predicting the trends in popular colors, prints, styles, fabrications, and general trends.
- fashion that remains popular over a relatively long period of time EX: blue jeans, animal prints, men's navy blazer
- using several venues to maximize exposure.
- Product, Price, Place and Promotion
The intended target customer determines the combination of the 4 P's - the term encompasses the entire fabric industry, including the fibers, yarns, and manufacturing of the fabrics.
- process of dividing the market into groups according to a particular region.
- refers to the protection of a person's or company's creative ideas for a certain period of time.
- facts to answer a particular marketing research problem.
- or
distribution refers to the movement of products through the levels of
the fashion marketing channel until the products reach the target
customers.
- a
single venue used to send the marketing communication to the target
customer, such as radio broadcasts, billboards or newspaper print
advertisements.
- when the manufacture and the retailer spit the cost of the new product advertisement.
- Brands
that are exclusive to the store and retailer. Competing stores may not
carry them so customer know that they must shop at that specific store
in order to purchase a private label brand.
EX: Hollister - Goods and services
- the difference between the cost and the markup
- when
a group of fashion conscious consumers appreciate and imitate the
innovator's new style. The early adopters compose the group of consumers
at this stage.
- a company attempts to create a different store image or brand image in the minds of the target customers.
- Includes
all activities that build awareness, interest, traffic, goodwill and
ultimately encourage sales to the target customers.
- Select
group of customers with the ability and desire to purchase a company's
products and services and to whom the company has directed their
marketing efforts.
Interchangeable with: Target customers and customer base - Fibers produced from animals
EX: wool, silk - "getting the consumer to come to you"
EX: advertising and mass media production, word of mouth referrals, sales promotions and discounts. - the process of extracting and interpreting consumer sate from available electronic information.
Ex: sending out a birthday coupon for a customers birthday based on the amount of money they spend with the company. - Determination of retail value.
- closely related to psychographic segmentation, but classifies customers by similar purchasing intents and behaviors.
Ex: cosmetic retailer may classify their customers by heavy usage rates or low usage rates depending on how often they purchase their cosmetics. - a
time when a large percentage of a population is wearing a fashion;
everyone who wants the fashion wears it. The early majority represents
consumers at this stage.
- apparel
or home fashion items that are made of textiles, soft to the touch, and
nondurable (meaning they are not meant to be kept for many years)
- when the trendy specialty stores offer clothes intended for wear during a single season before consumers discard the items.
- Gender, age, occupation, income, education level, marital status family life cycle state
- span geographic boundaries and may be available at stows throughout the world. EX: Guess, Baby Phat, Diesel
- representation
of all the levels of the fashion industry. begins with production of
raw materials and ends with retailing apparel.
- high
end or expensive brands afforded only by customers with significant
amounts of discretionary income, or at least those who aspire to be
affluent.
- the beginning of the fashion life cycle when a group of experimental consumers called fashion innovators adopt a new look.
- the amount the ultimate consumer pays for the item.
- Ranges
from a loose adaptation to a very similar adaptation of another design.
Although legal, knockoffs can be very frustrating for the original
designer.
- When there is a reduction in the number of people buying the fashion. Made up of the late majority.
- shaped like a bell curve one a graph, has a rise, growth, culmination and obsolescence.
- a
narrowly defined market segment, but is not necessarily a small
segment. Niche market consumers have an even more defined set of
interests. Ex: Teens that shop at Hollister, Hot Topic and PacSun all
have different specific interests.
- "taking the product to the consumer"
EX:trade show promotions, direct selling to customer face to face, negotiation with retails to stock your product,
Dupont used this. - psychological statistics about the lifestyle of a population.
Values, attitudes, lifestyles, opinions, interest, hobbies - characterized by a quick rise to popularity and an even more rapid decline
- when a company engages in several levels of production within a single company.
EX: Pendleton Woolen Mills controls much of the wool manufacturing for most of it's products. Overseas wool selection and coat manufacturing. - realistically
gives a consumer response to the introduction of a new product in a
smaller market area, such as one or a few cities before expanding
- the way a store, label or designer impresses cutovers and influences their perceptions of the brand.
- in
the fashion industry is a legal contract between the licensor and the
licensee that grands permission or gives the rights to use the
licenser's namer other symbol on fashion goods made by the licensee.
- Unfinished
natural or man made products that are consumed by a manufacturer and
used in the manufacture of finished goods, such s apparel or accessory
merchandise.
- a
word or a symbol that identifies the source of goods or services and
differentiates it from the competitor;s goods or services.
- the intangible, positive feelings that customers associate with the brand.
EX: having a Louis Vuitton may make you feel high class and more fashionable than the rest. - all the activities, from idea conception to ultimate consumer use, that satisfy the objectives of the buyer and seller.
- simular to repositioning but it usually involves resurrecting a brand that has been dormant or obsolete for quite some time.
- refers
to the process on the line for line copying of design ideas from other
designers or companies. The illegal form of style piracy is
counterfeiting.
- Creating a lasting and mutually beneficial relations with key suppliers and consumers to ensure repeat purchases.
Ex: Writing thank you notes to customers, letting them know when upcoming promotions take place etc.. - collecting in-depth data on a particular topic or group of people. An in depth study of a small group.
- When the combination of the four P's create an image in the minds of the customers
- fakes that are intended to look like authentic originals.
- branded
merchandise that is available in competing stores across the nation or
the world. Brands owned by manufacturing companies and sold in a variety
of retail stores. EX: Hanes, Nine West, Playtex
- making sure the company speaks with one strong voice.
- Fibers that grow from plants.
EX: Cotton, Flax - a systematic method of collecting and analyzing data about a problem and then making a decision based on the findings.
- a company focuses on a particular group of customers.
- Bear the name of original designer, have widespread appeal, and may be available in a variety of competing stores.
- the right combination of the 4 P's to target a specific customer.
- three interchangeable words that refer to the amount the store pays for the item.
- Grow from a plant source or are produced by a living animal.
- 1. Defining the research problem
2. Developing hypothesis
3.Selecting the Sample
4.Developing the Research Instrument
5.Collecting Data
6.Analyzing and interpreting data and drawing conclusions
7.Reporting findings - involves
the collecting of relatively small amounts of data on large numbers of
persons or things. Data is then statistically analyzed to figure out
averages.
EX: during WWII large amounts of data was taken to make mens uniforms which later on was used to analyze measurements for standardized men's wear. - Textiles created based on what is popular at the time.
- synthetic petroleum based fibers
EX: polyester, nylon, acrylic, olefin - represents
the final stage in the life of fashion. The general population rejects
the purchase of the merchandise in this stage an most retailers
eliminate it from their stores. Consumers= laggards because they lag
behind.
- Previously collected and published facts that answer another research question.