Mimi Fashion Designers Use Computer-Assisted Design Software to Create What

question 2

Multiple Choice

Mimi fashion designers use computer-assisted design software to create what it thinks women should wear. The company regularly hires industry experts to examine its factories to find waste that can be eliminated. For the last two years Mimi has lost money. What should the company do?

• A)hire more retail efficiency experts to trace down any production problems
• B)increase its sales force to find more potential customers for the firm
• C)focus on its target market to see what needs and wants should be met by Mimi
• D)cut prices so that its prices will be at least 10 percent below those of its competitors

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Definitions:

Penny Stock Reform Act

Legislation aimed at providing greater transparency and protection in the trading of low-priced, speculative securities known as penny stocks.

Market Reform Act

Legislation aimed at improving the regulation and functioning of financial markets, though the specifics can vary by country.

Shelf Registrations

A regulatory provision that allows an issuer to register a new issue of securities without having to sell the entire issue at once.

Off the Shelf

A term used to describe products available for immediate purchase and use, without the need for customization.