Information Systems Study Set 2

Computing

Quiz 3 :

Zara: Fast Fashion From Savvy Systems

Quiz 3 :

Zara: Fast Fashion From Savvy Systems

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_____ is a non-profit organization that shares audit information on contract manufacturers among members of the apparel industry and other industries.
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A

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The U.S. Justice Department initially reviewed the Fair Factories Clearinghouse but eventually approved the effort as described in readings and class. What was the government initially concerned about?
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Price-fixing or price collusion

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Zara's clothing look like high fashion, but are comparatively inexpensive.
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True

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Outsourcing production to third-party firms is called _____.
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_____ is a non-profit organization that shares audit information on contract manufacturers among
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Making seasonal apparel decisions is a challenge because it often involves making predictions on what customers will be interested in, months in advance of clothing appearing on store shelves.
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_____ involves outsourcing production to third-party firms.
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The U.S. Department of Justice needed to provide a special exemption to the Fair Factories Clearinghouse, and before doing so, had to be convinced that the effort wouldn't be used by buyers to collude and further squeeze prices from competitors.
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Contract manufacturers used by the apparel industry are often criticized because:
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Zara holds a competitive advantage over its rivals in spite of:
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Zara ______in size between 1996 and 2000.
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Maintaining large inventories is highly essential for the viability of the fashion industry.
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Most fashion retailers place orders for a seasonal collection a few days before these lines make an appearance in stores.
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The Fair Factories Clearinghouse is subject to network effects.
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What is contract manufacturing? What advantages can a firm expect to gain from contract manufacturing? What are the downsides associated with this practice? Contract manufacturing refers to outsourcing production to third-party firms. Firms that use contract manufacturers do not own the plants or directly employ the workers who produce the requested goods. Conventional wisdom suggests that leveraging cheap contract manufacturing in developing countries can keep the cost of goods low and allow firms to leverage specialized manufacturing expertise if production is not seen as core to competitive advantage. Firms can lower prices and sell more products or maintain higher profit margins. Many firms have also experienced the ugly downside to this practice. Global competition among contract firms has led to race-to-the-bottom cost-cutting measures. Too often, this means that in order to have the low-cost bid, contract firms skimp on safety, ignore environmental concerns, employ child labor, and engage in other ghastly practices. Big firms are big targets and those that fail to adequately ensure their products are made under acceptable labor conditions risk a brand-damaging backlash that may turn off customers, repel new hires, and leave current staff feeling betrayed.
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What were the problems encountered by Gap in the early part of the decade following the 1990s? What were the measures taken to overcome these problems?
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Zara's dominance in the fashion industry is due to its horizontally integrated structure accompanied by a globally dispersed production model.
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In an industry where nearly every major player outsources manufacturing to low-cost countries, Zara is highly _____, keeping huge swaths of its production process in-house.
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What was considered the source of Mickey Drexler's inventory problems at Gap?
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In retail in general and fashion in particular, having _____ is considered the kiss of death.
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