Title: Explain the product life cycle.
Course: Fashion Marketing, Advanced (12153-II) > Section: Exploring Product Development

Explanation should address the factors involved in the product life cycle (e.g., obsolete items, seasonal items) and the process's relationship to pricing.

Process/Skill Questions:

- What do fashion businesses need to consider regarding inventory during each stage of the product life cycle?
- How do fashion products progress through the product life cycle?
- How do fads and classics relate to the inventory aging process?
- How does stock turnover affect the success or failure of a business?
- How does inventory aging affect the profitability or loss of a business?