BUISENESS MANAGEMENT
MERCHANDISING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When a celebrity makes a style popular, it is called the ____ theory
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Trickle-Down
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Trickle-Across
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Trickle-Up
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None of the above
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Explanation:
Detailed explanation-1: -: a theory that financial benefits given to big business will in turn pass down to smaller businesses and consumers.
Detailed explanation-2: -The trickle-up effect in the fashion field, also known as bubble-up pattern, is an innovative fashion theory, born in the late 1970s, that believes that new trends are to be found in the streets and that innovation flows from lower classes to upper ones.
Detailed explanation-3: -An example of the trickle-down theory is the US bank bailouts in 2008, as well as the European Unions Common Agricultural Policy (CAP). For a policy to be termed trickle-down, it must satisfy the following: It benefits only wealthy individuals and corporations in the short-run.
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