CTE 3806 EXAM 1 FSU QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY
GRADED A+
1789-1890 Ans✓✓✓spinning machine, power loom, cotton gin,sewing
machine
1890-1950 Ans✓✓✓growth of ready to wear, fashion mags such as
vogue, first shopping malls***
1950-1980 Ans✓✓✓fitness, mass fashion, we became more casual,
growth of suburbia and shopping malls
1980-1995 Ans✓✓✓pull system instead of push system and vertical
intergration
1995-2005 Ans✓✓✓world trade organization was established
2005- present Ans✓✓✓our industry is one of the number 1 polluters
because of fast fashion
ecommerce Ans✓✓✓start of online presence
Corporate Social Responsibility Ans✓✓✓refers to business practices
business practice that contribute positively to society
, conscious marketing Ans✓✓✓understanding that decisions are ethically
based
evolution of the retail industry Ans✓✓✓eCommerce went from 13% to
49%
more than 90% of retail sales are made in store
Artificial Intelligence and big data Ans✓✓✓access to consumer data
4 elements that define retailers Ans✓✓✓Type of Merchandise
Variety and Assortment
Services Offered
Prices and Cost
Type of Merchandise
North American Industry Classification System (NAICS) Ans✓✓✓Six-
digit code assigned to every business**
Variety and Assortment Ans✓✓✓Variety (breadth)
Assortment (depth of merchandise)
DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY
GRADED A+
1789-1890 Ans✓✓✓spinning machine, power loom, cotton gin,sewing
machine
1890-1950 Ans✓✓✓growth of ready to wear, fashion mags such as
vogue, first shopping malls***
1950-1980 Ans✓✓✓fitness, mass fashion, we became more casual,
growth of suburbia and shopping malls
1980-1995 Ans✓✓✓pull system instead of push system and vertical
intergration
1995-2005 Ans✓✓✓world trade organization was established
2005- present Ans✓✓✓our industry is one of the number 1 polluters
because of fast fashion
ecommerce Ans✓✓✓start of online presence
Corporate Social Responsibility Ans✓✓✓refers to business practices
business practice that contribute positively to society
, conscious marketing Ans✓✓✓understanding that decisions are ethically
based
evolution of the retail industry Ans✓✓✓eCommerce went from 13% to
49%
more than 90% of retail sales are made in store
Artificial Intelligence and big data Ans✓✓✓access to consumer data
4 elements that define retailers Ans✓✓✓Type of Merchandise
Variety and Assortment
Services Offered
Prices and Cost
Type of Merchandise
North American Industry Classification System (NAICS) Ans✓✓✓Six-
digit code assigned to every business**
Variety and Assortment Ans✓✓✓Variety (breadth)
Assortment (depth of merchandise)
