PLM MIDTERM STUDY QUESTIONS WITH 100% VERIFIED SOLUTIONS ACCURATE LATEST UPDATE 2024/20, Exams of Business Administration

Download PLM MIDTERM STUDY QUESTIONS WITH 100% VERIFIED SOLUTIONS ACCURATE LATEST UPDATE 2024/20 and more Exams Business Administration in PDF only on Docsity! PLM MIDTERM STUDY QUESTIONS WITH 100% VERIFIED SOLUTIONS ACCURATE LATEST UPDATE 2024/2025 (T/F) In the apparel industry, tasks once performed by in-house engineers and production managers are now the responsibility of creative and technical designers working with merchandisers, quality assurance specialists, and sourcing teams. True A company that is fully vertically integrated seeks to consolidate and/or grow its business by: a) acquiring companies that expand its product mix to capitalize on brand recognition and increase sales for greater profit. b) acquiring control of all the steps in the production of its products c) acquiring another firm/competitor at the same stage of the supply chain d) gaining a monopoly in one stage of the supply chain b) acquiring control of all the steps in the production of its products (T/F) Signature stores give manufacturers direct retail access to their consumers at full price and access to direct consumer feedback. True Wholesale brands are: a) created under a proprietary label and sold at wholesale to retailers b) designed by a manufacturer exclusively for one retailer c) developed and merchandised with labels owned by a retailer d) made and sold to consumers only by the manufacturer a) created under a proprietary label and sold at wholesale to retailers The apparel supply chain includes all the companies directly involved in designing, supplying material components, manufacturing and distributing apparel as well as auxiliary businesses such as: a) sourcing agents b) factors c) testing laboratories d) all of the above d) all of the above The product type with the most predictable demand is: a) basic product b) seasonal product c) fashion forward product marketing plan c) There is sufficient assortment to meet needs across geographic locations and channels of distribution d) Production and delivery schedules synch with the line plan e) The assortment is sufficient to meet the needs of the brand's target customer d) Production and delivery schedules synch with the line plan (T/F) The top-level activity that envisions a desired future and translates that vision into an action plan that informs decision making and asset allocation is the strategic plan. True (T/F) Licensing is a competitive strategy used to distinguish and market a brand through the development of product, advertising, and promotions. False The basic business function that includes the planning and development of the product line is: a) marketing b) merchandising c) production d) finance e) operations b) merchandising The starting point for the product development calendar is: a) Dates for line preview. b) Fixed dates for line release, trade shows and retail deliveries. c) Dates for line approval. d) Dates for order confirmation. b) Fixed dates for line release, trade shows and retail deliveries. Which of the following is NOT something determined at the assortment planning stage? a) How many fabrics b) How many colors c) How many styles d) Seasonal trends d) Seasonal trends At which stage of merchandise planning is the tech package developed? a) Line Review b) Costing c) Line Development d) Production Control c) Line Development Some of the steps of merchandise planning are listed below. What is the first step in the process? a) Assortment Plan b) Market Research c) The Line or Range Plan d) Line Review e) Creating Concept Boards f) Initial Fabric Selection b) Market Research Which of the following is a means of product differentiation? a) Superior quality b) Lower price c) Breadth of color selection d) Speed to market e) Being an early adopter of technology or an innovator in functionality or aesthetics f) All of the above g) None of the above f) All of the above The element that changes the least from season to season is: False Stores that are known for bringing together a mix of trend-right garments from key designers each season are known as: a) signature stores b) concept stores c) designer stores d) chain stores b) concept stores (T/F) Color trend changes are usually sudden rather than evolutionary. False (T/F) By the time fashion is at its height of popularity at the saturation stage, designers have moved on to the next trend. True (T/F) The first step in color management is the selection of a seasonal color palette. True (T/F) Color is seen the same in natural and fluorescent light. False (T/F) When a lab dip does not match the standard, a colorist should always indicate the direction, rather than the percentage, the color needs to move in order to meet the standard in a percentage. True (T/F) The color management process helps to coordinate the tasks of the various members of the supply chain for each group. Multiple vendors work together to bring each group to life. The color management process helps to ensure that all are working toward the same goals. True (T/F) Substrates are fabric mediums of which color standards are offered. True (T/F) "Color harmonies" refers to the entire range of colors that can be achieved in a particular medium or material. False (T/F) Colorways refers to a visual sequential arrangement of colors that illustrate the color attributes of hue, value, and chroma. False The entire range of colors that can be achieved in a medium or material is referred to as its: a) value range b) chroma c) color gamut d) palette c) color gamut Samples of prints are called ____________; they are prepared and submitted to product developers before final purchase. a) swatches b) lab dips c) strike offs d) all of the above c) strike offs The most accurate method of evaluating color match of fabrics is by: a) visual comparison to AATCC standards in a light box. b) use of a spectrophotometer. c) use of an instrument called a colorimeter. d) none of the above. b) use of a spectrophotometer. (T/F) Turnaround time is longer for textiles that are made to the developer's specification. Buying off- the-card reduces the turnaround time, but also reduces exclusivity. True If designers for a brand want to reflect current trends in textiles and at the same time differentiate the brand from competitors, what might they choose to do? a) Select a unique color story that follows trends and yet stays true to the brand identity b) Avoid fabrics being used by lower-priced competitors c) Seek fabrics similar to higher-priced competitors d) Integrate innovative performance features e) Spotlight best practices in sustainable textile production f) All of the above True Collars, cuffs, and pockets are all considered: a) trims b) decorative effects c) component parts d) all of the above c) component parts (T/F) A symmetrical garment is different on each side. False (T/F) Cut and sew construction refers to knit garments where the pieces are cut from fabric rather than knit to shape. True (T/F) Proportion refers to the relationship of scale of parts to each other or the whole. True Collections of photos, sketches, and swatches to explore design direction are called: a) concept boards b) trend boards c) color boards d) none of the above a) concept boards Color, line, texture, shape, and silhouette are: a) design elements b) design principles a) design elements Seams, darts, gathers, and pleats are: a) style variables b) shaping devices used to make a garment fit the body c) elements of garment design d) all of the above d) all of the above Which of the following garment categories is generally the most complicated type of top? a) Shirt b) Blouse c) Jacket d) Vest c) Jacket Lighter colors tend to make the figure appear: a) Smaller b) Larger b) Larger (T/F) A line consists of the collection of garments offered for sale by a firm at a given time. True A small collection delivered more frequently during the season is known as: a) a capsule collection. b) a coordinates collection. c) an item collection. d) a signature collection. a) a capsule collection. (T/F) Copyright law generally protects the design of garments. False (T/F) A line is considered balanced when it includes a range of garments that satisfies the target customer. True (T/F) Fabric and color direction are approved after silhouette development begins. False The process of maximizing return on investment through planning assortments and production management in a way that increases profitability and minimizes losses from markdowns, excess goods, and stockouts is known as: a) design development