HUEC 2045 EXAM III REVIEW

HUEC 2045 EXAM III REVIEW - HUEC 2045 EXAM III REVIEW...

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HUEC 2045 EXAM III REVIEW Chapter 5 The Materials of Fashion Information from lectures post Exam II. Refer back to EXAM II REVIEW Chapter 6 The Women’s and Children’s Apparel Industry What is a leveraged buyout and an IPO? leverage buyout (LBO)=the purchase of a public company’s stock made by a group of investors who borrow money from an investment firm using the company’s assets as collateral. initial public offering (IPO)=the shares of stock offered by a company on the stock market when the company first becomes a publicly held firm. What is the relationship between the IGLWU, ACTWU, UNITE, UNITE HERE and the Triangle Waist Fire? IGLWU=International Ladies’ Garment Workers’ Union, which became part of UNITE. ACTWU=Amalgamated Clothing and Textile Workers Union, merged with ILGWU in 1995 to form one union with 355,000 members (UNITE). UNITE=The Union of Needle trades, Industrial and Textile Employees. In 1995, ILGWU and ACTWU merged to form UNITE. UNITE HERE=UNITE (formerly the Union of Needle trades, Industrial and Textile Employees) and HERE (Hotel Employees and Restaurant Employees International Union) merged on July 8, 2004 forming UNITE HERE. The union represents more than 450,000 active members and more than 400,000 retirees throughout North America. Triangle Shirtwaist Fire=A fire that occurred in the Triangle Shirtwaist factory in 1911 and took 146 lives. The tragedy was the turning point in the “sweatshop” era because it awoke the public conscience to the labor conditions in the garment industry. What is rapid replenishment , real time merchandising , and agile manufacturing ? rapid replenishment=A Quick Response system that permits quick replacement of items sold by the retailer. When an item is sold, the manufacturer has a replacement item in the retailer’s stock in a matter of days. real time merchandising=The continuous analysis of fashion direction, consumer style testing results, and current retail sales that permits manufacturers and retailers to operate in “real time” (much closer to the selling season) rather than having merchandise tied up in the pipeline for months. agile manufacturing=Quick Response with a higher order of flexibility, or QR made-to-order. How many seasonal lines of women’s apparel have customarily been produced by apparel manufacturers? What are they and when are they shown to retail buyers? four to six new lines or collections
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Spring, Summer or Transition, Fall I, Fall II, and Resort or Holiday What are the major steps in producing a garment? What are pattern grading , spreading , and markers ? What is the difference between inside shop and outside shop production? What are the four basic types of production systems employed by apparel manufacturers? Line Development preadoption, Marketing, Line Development postadoption
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This note was uploaded on 03/26/2009 for the course HUEC 2045 taught by Professor V during the Spring '06 term at LSU.

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HUEC 2045 EXAM III REVIEW - HUEC 2045 EXAM III REVIEW...

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