TXMI 4210

Fashion forecasting offers a ________________. Correct Answer: Competitive advantage Fashion forecasters: Correct Answer: 1. Look for new, fresh, and innovative 2. Interpret signals using judgement and creativity 3. Analyze the WHY behind an emerging trend 4. Predict Trend movement How do forecasters help firms? Correct Answer: Forecasters help firms time product offering to customer's readiness to adopt those products How does forecasting create a competitive advantage? Correct ...

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 prediction 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 move...

Sales Plane Correct Answer: managerial strategy to meet/exceed the sales forecast. Sales Forecast Correct Answer: a projection of expected demand given a set of environmental conditions - specific time horizon, updated quarterly Sales Forecast Requirements Correct Answer: current internal data on sales volume and marketing; future plans for marketing and product distribution; external data: market information and cultural indicators data sharing Correct Answer: designers, manufactur...