The "Trickle- Down Theory" of Fashion Is Characteristic of Which

question 77

Multiple Choice

The "trickle- down theory" of fashion is characteristic of which of the following models of fashion:

• A) the designer fashion model
• B) the psychological model
• C) the liberal arts model
• D) the sociological model
• E) the economic model

---

Definitions:

Business Plan

A formal written document detailing the goals of a business, the strategy for achieving them, and the timeframe for success.

Planning Horizon

The time a business plan covers. Typically between a few months and five years.

Strategic Planning

Long-term organizational process dedicated to setting goals, defining actions to achieve those goals, and allocating resources to implement the actions.

Firm's Mission

A statement that outlines a company's core purpose and focus, guiding its strategy and decision-making.