BUISENESS MANAGEMENT
MERCHANDISING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Horizontal flow
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Trickle-across
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Trickle-down
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Trickle-up
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Detailed explanation-1: -Peak (Culmination stage): The third stage of the fashion cycle during which a style is at its height of popularity. The fashion is demanded by almost everyone because it is now within the price range of most consumers and is mass produced in many variations.
Detailed explanation-2: -Decline: The fourth stage of the fashion cycle when the market is saturated and popularity decreases. The fashion is overused and becomes dull and boring. As the fashion decreases in popularity, retailers mark down their prices. Promotions center around major clearance or closeout sales of the fashion.
Detailed explanation-3: -OBSOLESCENCE STAGE THIS STAGE MARKS THE END OF THE FASHION CYCLE. CONSUMERS ARE NO LONGER INTERESTED IN THE FASHION. THE PRICE OF THE FASHION PRODUCT MAY BE LOW AT THIS POINT, BUT CONSUMERS WILL PROBABLY NOT BUY THE MERCHANDISE.
Detailed explanation-4: -Termination of fads Primarily, fads end because all innovative possibilities have been exhausted.