MANAGEMENT

Detailed explanation-1: -Trickle-up theory (Upward flow theory): The assumption that fashion trends start among the young or lower income groups and move upward to older or higher income groups. Style originates with the lower class and gains approval by upper class or the fashion elite.

Detailed explanation-2: -Outerwear – This includes coats, suits, rainwear, and jackets.

Detailed explanation-3: -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-4: -Which action is usually demonstrated during the rise stage of the fashion cycle? Retail fashion buyers order the items in quantity.