Fashion Finance: Understanding the Economics of the Industry
Description: This quiz aims to test your understanding of the economics of the fashion industry, covering concepts such as pricing strategies, supply chain management, and financial planning. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: fashion finance economics of fashion pricing strategies supply chain management financial planning |
Which pricing strategy involves setting a high initial price for a product to create a sense of exclusivity and luxury?
What is the primary goal of supply chain management in the fashion industry?
Which financial statement provides a snapshot of a company's financial position at a specific point in time?
What is the term used to describe the difference between the selling price of a product and its total cost?
Which financial ratio measures a company's ability to generate profits from its sales?
What is the process of evaluating the financial feasibility and potential profitability of a new fashion venture called?
Which cost category includes expenses related to the design, development, and production of a fashion product?
What is the term used to describe the process of managing and controlling a fashion company's financial resources?
Which financial statement summarizes a company's revenues, expenses, and profits over a specific period?
What is the term used to describe the process of raising funds from external sources to finance a fashion venture?
Which financial ratio measures a company's ability to meet its short-term obligations?
What is the term used to describe the process of analyzing a company's financial statements to assess its financial health and performance?
Which cost category includes expenses related to marketing, advertising, and sales promotions?
What is the term used to describe the process of managing and controlling a fashion company's cash flow?
Which financial ratio measures a company's overall financial leverage?