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Fashion Fundamentals > Fashion Fund. Final > Flashcards

Fashion Fund. Final Flashcards

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1
Q

Sourcing?

A

find out where to get and obtain
something from a particular source

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2
Q

Global Sourcing?

A

sourcing from
the global market for goods and services
across geopolitical boundaries.

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3
Q

Outsourcing?

A

the process
of contracting a business
function to someone
else.

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4
Q

Manufacturing

A

make (something) on a large
scale using machinery.

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5
Q

developed countries

A

imports exceed exports, i.e. special textiles, smart clothes

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6
Q

developing countries

A

transition phase, i.e. better quality apparel, fur, leather

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7
Q

newly developing countries

A

agriculture to industry, i.e. import textiles to produce cheaper
apparel, lowest wages

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8
Q

CMT?

A

Cut Make Trim (CMT)
Factories- cutting fabric,
making garment, providing
trims

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9
Q

Trims

A

Left over fabric- waste or reused?

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10
Q

Preproduction

A

all product
development activities performed
before the garment is approved production

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11
Q

Full Package Factories

A

finance all materials and deliver
finished goods in addition to
assembling apparel to specs

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12
Q

Package Factories

A

do not offer
product development services (normal
service Factories)

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13
Q

findings

A

additional components to apparel i.e. zippers,
buttons, etc.

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14
Q

Licensing

A

extending the value of a
brand without having to develop and
produce a new product

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15
Q

trade fairs

A

trade shows designed to
get textile and apparel manufacturers
and retailers together to facilitate
efficient transfer of ownership of
products and services

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16
Q

International Trade

A

Any exchange of goods involving two
or more countries

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17
Q

Domestic Trade

A

exchange of goods, services or both
within the boundaries of a specified
state or country

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18
Q

Global Trade

A

Includes the potential interactive
participation of many groups, cultures,
and nations in the manufacturing and
distribution of products

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19
Q

Import and Export Trading Companies

A

develop and mange international supply chains to assure
goods arrive in a timely manner, correct quantity, acceptable quality, sustainably

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20
Q

Supply Chain

A

sequence of business processes in multiple countries using multiple firms to fulfill
demand for products and services

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21
Q

Sustainability

A

endurance of systems and processes

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22
Q

Fair Trade

A

social movement whose stated goal is to help producers in developing countries achieve
better trading conditions and to promote sustainability. Members of the movement advocate the
payment of higher prices to exporters, as well as improved social and environmental standards.

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23
Q

Environmental sustainability

A

conserve natural resources and protect global ecosystems to support health and wellbeing

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24
Q

Social Responsibility

A

an ethical framework and
suggests that an entity, be it an organization or
individual, has an obligation to act for the benefit of
society at large.

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25
Sustainable Design
philosophy of designing physical objects with the principles of sustainability.
26
Counterfeiting
The act of making an imitation of an original with the intent to defraud
27
Knockoffs
a copy or imitation, especially of an expensive or designer product.
28
Bootleg Goods
made by the same manufacturers that make the real one but who are selling some goods to the black market
29
Gray Market Goods
those that were not intended for sale in the country in which they are being sold i.e. expensive Swiss watch sold at a low price in the US without a valid warranty in the US
30
Copyright
the exclusive legal right, given to an originator or an assignee to print, publish, perform, film, or record literary, artistic, or musical material, and to authorize others to do the same.
31
Patent
a government authority or license conferring a right or title for a set period, especially the sole right to exclude others from making, using, or selling an invention
32
Trademark
a symbol, word, or words legally registered or established by use as representing a company or product.
33
Intellectual Property
a work or invention that is the result of creativity, such as a manuscript or a design, to which one has rights and for which one may apply for a patent, copyright, trademark, etc.
34
Upcycling
reuse (discarded objects or material) in such a way as to create a product of a higher quality or value than the original.
35
Closed Loop Supply chain
businesses reuse their production waste to create new products
36
Transparency
operating in such a way that it is easy for others to see what actions are performed.
37
SIC
Standard Industrial classification
38
NAICS
North American Industry classification System
39
CIM
Computer Integrated Manufacturing
40
PLM
Product Lifecycle Management
41
QA
Quality Assurance
42
UPC
Universal Product Code
43
RFID
Radio Frequency Identification
44
EDI
Electronic Data Interchange
45
Imports
Goods coming into the country
46
Exports
Goods going out of the country
47
Entrepreneurship
process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs.
48
Entrepreneurial Thinking
PROCESS OF SEARCHING FOR A PROBLEM-SOLUTION FIT
49
Small vs Large Business
large - Buy it, Makes money, Fills void small - Live it, Necessary $$, Acquisitions
50
design thinking
helps discover unmet needs
51
marketing
promotes fashion and generates interest in new styles and products, help set trends
52
branding
PROCESS OF CREATING AND COMMUNICATING A BRAND STRATEGY
53
private labels
owned by a retailer and found only in its stores
54
non brands
label to which customers attach little or no importance, low priced good with little to no advertising
55
national/designer brands
owned by a manufacturer that advertises them nationally
56
Brand extensions
A COMPANY USES A SUCCESSFUL BRAND NAME TO LAUNCH NEW OR MODIFIED PRODUCTS
57
Brand Value
awareness, associations, degree of equity,
58
Soft Goods
any product made of textiles or other flexible materials, i.e. batting, fabrics, apparel, linen, towels upholstery, drapery, fashion accessories
59
Body Scanning
3-d measurement data for better fit
60
CAD
Computer Aided Design -test 3-d contouring, color, fabrics, folds, creases, textures- pattern
61
Mass Customization
tailor the product to fit one particular customer (not one size fits all) but with mass prices
62
Logo
a symbol or other design adopted by an organization to identify its products, uniform, vehicles, etc.
63
Omnichannel
is a multichannel approach to sales that seeks to provide the customer with a seamless shopping experience
64
Race to the bottom
who can make goods the fastest and cheapest
65
Sourcing decisions
Labor Unions/ Human rights,Labor cost,Geographic location , Shipping throughout supply chain
66
Infrastructure
fundamental physical and organizational facilities and systems needed for operations in a country
67
trade balance
exports – imports = trade balance (positive or negative)
68
supply chain management
is the management of the flow of goods and services
69
QA
quality assurance - ensures the product is meeting the standards established for it, inspection
70
Biometrics
are body measurements and calculations related to human characteristics.
71
beacons
transmits simple data to smart devices nearby.
72
Virtual Reality Marketing
a marketing strategy that incorporates virtual reality technology in marketing campaigns.
73
Trade Balance
the net flows of currency in international markets.
74
Biomimicry
technological-oriented approach focused on putting nature's lessons into practice
75
Product Development
all stages involved in bringing a product from concept or idea through market release and beyond.
76
Innovation
featuring new methods; advanced and original.
77
fashion blogs
PRESENT RECORDS OF IMAGES OF STREET STYLE THAT ARE DESCRIBED BY TIME AND A SPECIFIC LOCATION
78
Level of Development
is the process of designing, planning, and developing saleable products for the target consumer
79
Geographic Location
climate, topography, and landscape, influences fashion collectively.
80
Slow Fashion
a movement that advocates for environmental and social justice in the fashion industry.
81
fast fashion
inexpensive clothing produced rapidly by mass-market retailers in response to the latest trends.

Fashion Fundamentals (1 decks)

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