What is fashion?

What will be an ideal response?

Fashion is one of the three special categories of product life cycles. A fashion is a currently accepted or popular style in a given field. Fashions pass through four stages: distinctiveness, emulation, mass fashion, and decline. The length of a fashion cycle is hard to predict. One view is that fashions end because they represent a purchase compromise, and consumers soon start looking for the missing attributes. Another explanation is that too many consumers adopt the fashion, thus turning others away. Still another is that the length of a particular fashion cycle depends on the extent to which the fashion meets a genuine need, is consistent with other trends in the society, satisfies societal norms and values, and keeps within technological limits as it develops.

Business

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Which of the following sketches the sales history of a product category over time?

A) product life cycle B) value proposition C) competitive analysis D) brand equity

Business

Tall organizations are characterized by loose supervision and fewer employees reporting to each manager

Indicate whether the statement is true or false

Business