Armani Uses a Three-Tier Product Line That Is Differentiated Based

question 70

True/False

Armani uses a three-tier product line that is differentiated based on style, luxury, customization, price, and distribution. During the recession, the lower priced, younger, street savvy third tier, Armani Exchange, picks up the selling slack for the upper tiers, which is in line with the recommendation to fine-tune brand and product offerings during an economic downturn.

---

Definitions:

Organizational Requirements

The needs or conditions that an organization must meet to achieve its objectives effectively.

HR Forecasting

The process of predicting future human resources needs of an organization based on current data, trends, and projected changes in the business environment.

Workforce Knowledge

The collective skills, expertise, and understanding possessed by an organization’s employees.

Skill Competencies

The set of abilities, knowledges, and skills that enable an employee to perform job tasks successfully.