3.02-3.04 review
Post on 26-Feb-2016
50 Views
Preview:
DESCRIPTION
TRANSCRIPT
3.02-3.04 Review
• What are economic resources?
• What stage of the business cycle has high unemployment and poverty?
• What stage of the business cycle has gradual increase in fashion products?
• What stage of the business cycle has rising unemployment?
• What stage of the business cycle are consumers willing to buy more fashion products?
• What is non-price competition?
• What is a consumer?
• What is a customer?
• What is indirect competition?
• What is a entrepreneur?
• What is the driving force behind the free market system?
• What type of competition is a T-Shirt company under?
• What type of competition is the blue jean industry under?
• When demand decreases….price usually…
• When a product is high in demand…price usually…
• When supply is high price is usually….
• When the price of a product increases, demand will usually…
• What is a service?
• What is a good?
• What type of utility would be in affect with suit alteration?
• What type of utility is in play if a swimsuit was in a swim shop?
• What is time utility?
• What is possession utility?
• What is information utility?
• What are industrial services?
• What are consumer services?
• Kate Space is an example of what type of good?
• What is a department store?
• Concord Mills is an example of what?
• What is a franchise?
• Home shopping network and QVC are examples of what?
• What are boutiques?
• What stores are LOCALLY OWNED?
• What type of store can you find production overruns, end of season goods and irregulars?
• What are discount stores?
• Why are US apparel companies taking advantage of manufacturing outside of the US?
• Who is a part of NAFTA?
• Why is Japan a word exporting leader?
• South Korea, Taiwan, Hong Kong and Singapore are known for what?
• What is the Eurpopean Economic Community?
• What are the disadvantage of US protectionism?
• What is trade deficit?
• What are the most commonly counterfeited apparel items?
• What country exports fine home-crafted apparel but accepts no imports?
• What are exports?
• What is a quota?
• What is offshore production?
• What is the word I want you to remember for tariff?
• What are sweatshops?
• What is free trade?
• What is the opposite of free trade?
top related