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TXMI 4210: trend forecasting EXAM 1 questions with complete answers

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fashion forecasting Correct Answer: - practice of predicting upcoming trends based on past and present style - interpretation and analysis of the motivation behind a trend - explanation of why pred ... iction is likely to occur trend report Correct Answer: account of something that already exists or has happened Things fashion forecasters take into account Correct Answer: - Acquired knowledge of historical and contemporary fashion and ideas about future fashion - Observations of the movement and direction of change - Social and cultural shifts in society - Analysis of sales and consumer data - A broad understanding, honed by experience, of the inner workings of a trend fashion Correct Answer: that which characterizes or distinguishes the habits, manners, and dress of a period or group style Correct Answer: distinctive appearance and combination of unique features that creates a look that is acceptable at the time by a majority of a group taste Correct Answer: prevailing opinion of what is or is not appropriate for a particular occasion trend Correct Answer: first signal of change in general direction or movement 5 elements of business success Correct Answer: 1. right product/service 2. right customer 3. right price 4. right quantity 5. right place who forecasts fashion? Correct Answer: - trend forecasters - industry professionals - fashion forecasting specialists - fashion forecasting services - in-house forecasters - trendsetters/influencers are observed trend forecasters Correct Answer: combine knowledge of fashion, history, consumer research, industry data, and intuition to guide product manufacturers and business professionals [Show More]

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