Entrepreneurship
A person who starts and runs their own business.
What is an Entrepreneur?
The process of ordering, storing, and selling products.
What is inventory management?
What is the most popular marketing tactic today?
Social media
The specific audience a business is trying to reach
What is a target market?
Clothing, shoes, accessories that people wear.
What is fashion?
A business owned by one person or a small group of people.
What is a small business?
A system used to get products from manufacturers to stores.
What is the supply chain?
A person who is paid to review/promote products of a business.
What is an influencer?
How does a business identify their target audience?
Demographics, Geographics, Psychographics
Clothes made quickly to follow trends.
What is fast fashion?
A written plan for goals, costs, and profits for a brand.
What is a business plan?
When a store runs out of a popular item.
What is a stockout?
To gain more consumer attract
What is the purpose of sales?
What does SWOT stand for?
Strengths, Weaknesses, Opportunities, Threats
A big city that is famous for fashion shows and trends.
What is a fashion capital?
Money needed to start a business.
What is a start up capital?
The layout of products inside a store.
What is visual merchandising?
The message used to communicate with customers
What is branding?
Money made after expenses are subtracted
What is a profit?
Selling clothes and accessories to customers
What is retail?
A business that sells online.
What is a DTC brand?
A person or team who makes sure the store is neat and organized.
What is store operations?
talking to customers to make them aware of a brand or product is...
Marketing
Predicting future trending using data
What is trend forecasting?
Planning what clothes to sell, how to sell them, and how to advertise them
What is merchandise planning?