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Product Development 1 Exam 1 Questions & 100% Verified Correct Answers with complete solutions (Latest update

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Uploaded on: August 27, 2024
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Written in: 2024/2025
Type: Exam (elaborations)
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product development 1 exam 1

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Product Development 1 Exam 1
Practice of predicting upcoming trends based on past and present styles - ANS-Fashion
forecasting

Account of something that already exists or has already happened - ANS-Trend Report

Product
Customer
Price
Quantities
Time/Place - ANS-Five elements of business success

Trend forecasters- most of their job
Industry professionals- one aspect of their job
Fashion forecasting specialists
In-house forecasters ex. Cotton inc., Pantone - ANS-Who forecasts fashion?

Film
Music
Celebrities
Street style
Bloggers
Politicians - ANS-Trendsetters observed by forecasters

Fashion Shows
Fabric Fairs
Red carpet events
On the streets
Fashion Media
The Internet
The past
Museum exhibitions - ANS-Where do forecasters find their information?

Seasonal fashion events in Major Cities
Designers show products in regional trade
Designers show products in regional trade
Shows/showrooms, previewing new collections each month
Anytime on the street
Locations that host major events: politics, music, theater, art, or sports - ANS-When do
forecasters find Fashion Ideas?

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