| A | B |
|---|
| primary market | the industry segment that includes businesses that grow and produce the raw materials that become fashion apparel or accessories |
| secondary market | the industry segment that includes businesses that transform the raw materials into fashion merchandise |
| tertiary market | the industry segment that includes retail businesses such as stores |
| retailing | the selling of products to customers. |
| sole proprietorship | a business owned and operated by one person |
| partnership | a business owned by two people |
| corporation | a business that is chartered by a state and legally operates without the owners |
| risk | the possibility that a business loss can happen |
| risk management | a strategy to offset business risk |
| design center | a area in a city where fashion design and production firms are close to each other |
| fashion weeks | periods during the year when fashion designers present new designs |
| haute couture | a french term for "high fashion" |
| couturiers | professional fashion designers |
| buying center | a area in a city where fashion businesses sell products to retailers |
| market weeks | the major times scheduled by fashion producers to show fashions to buyers |
| mart | a building that has thousands of showrooms for specific merchandise categories |
