Quiz 1 Flashcards
The utilization of mass production techniques to create products based on individual customer demand
Mass customization
Changes in color, styling, fabrication, silhouette, & performance to reflect fashion trends
Fashion change
Demand for change in styling and/or materials related to the calendar year
Seasonal change
Essential character of a product/service; perceived level of value
Quality
Essential characteristics that are perceived as contributing to quality
Quality features
Composite of intrinsic and extrinsic cues to quality
Perceived quality
Product characteristics created during product manufacturing. Depend on styling, fit, materials, and construction.
Intrinsic quality
Innate and essential parts or inherent nature of a garment
Intrinsic cues
Indicators of quality originating from outside the product
Extrinsic cues
Design and engineering of products for a specific target that will be serviceable, producible, salable and profitable, reaching the marketplace when consumers are ready to buy.
Product development
Represents the reputation of a product/product line and/or company that is conveyed to consumers through brand image, word mark, logo, product design and quality, marketing and promotion, distribution of goods, and customer service
Brand
Multiple brands offered by one company to increase market share
Brand portfolio
A strategic plan for the development of a brand to enable a company to meet its objectives based on characteristics and needs of the target customer and their lifestyle
Brand strategy
The sales potential for a particular type of goods; the process of getting buyers and sellers together to exchange ownership of goods
Market
A company’s competitive edge such as lower price, superior quality or unique product features
Differential advantage
Ability of a firm to control price and quality of products in a market
Market power
Contractor who does all the work
CMT
Independent contractors hired by a manufacturer to do all or part of a garment
Jobbers