FASM 215 Midterm Review

Practice flashcards covering fashion fundamentals, cycle stages, consumer segmentation, flow theories, and industry regulations.

Four Components of Fashion

Silhouette, color, texture, and details.

Examples of Fashion Details

Trim, sleeve style, and hemline.

Stages of a Fashion Cycle

Introduction, rise, culmination, and decline.

Fads

Fashion cycle shapes characterized by a sharp, short-lived rise and fall.

Classics

Fashion cycle shapes characterized by a long, low, steady curve.

Disposable Income vs. Discretionary Income

Two income types that drive an individual's demand for fashion goods.

Disposable Income

Income a

Market Segmentation

Measured through demographics and psychographics.

The Three Flow Theories

Downward-flow, upward-flow, and horizontal-flow.

Fashion Innovator

The first to try a new style.

Fashion Influential

A person whose adoption gives a style social prestige.

Four Levels of the Fashion Business

The levels ranging from raw materials to the consumer.

Primary Level

The level of the fashion business consisting of raw materials.

Business Ownership Types

Sole proprietorship, partnership, corporation, and franchise.

Consignment Selling

A practice where the supplier owns the goods and can have them returned.

Pantone

Ensures color communication across the industry.

FTC(Federal Trade Commission)

The agency established to police fashion industry regulation.

Fiber Categories

Natural, regenerated, and synthetic.

Methods of Fabric Construction

Weaving, knitting, braiding, and felting.

Fur Product Labeling Act of $1952$

Legislation requiring specific details on a garment label.

Endangered Species Act of $1973$

Legislation that changed which furs could be sold.

Leather Producers

Considered strong color forecasters because of their industry practices.