Author Question: The Organization of Black Designers (OBD) is a non-profit, national professional association ... (Read 87 times)

cookcarl

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The Organization of Black Designers (OBD) is a non-profit, national professional association dedicated to promoting the visibility, education, empowerment, and interaction of its membership and the understanding and value that diverse design perspectives contribute to world culture and commerce. Visit the OBD web site to answer the following questions.
  According to information on the home page, what are the five main goals of the OBD?
  How many individuals are members of the OBD? Is the OBD strictly an association for fashion designers?
  What do you think the main benefit would be to a young fashion designer who joined the OBD? Explain your answer.

Question 2

Every business has risks, and a business owner must be insured against as many risks as possible. The Small Business Administration (SBA) offers some guidance to small business owners about business insurance. Read the online guide, then answer the following questions.
  What are the two components of risk management?
  According to the guide, what are some events that a business owner can plan for and even control to an extent? What are some that are beyond a business owners control?
  All retail businesses have some of the same kinds of risk. For example, a fire might occur at any retail establishment. Name at least one risk, however, that especially applies to a fashion retailer. Explain your answer.



iceage

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Answer to Question 1

The five main goals of the OBD are to (1) increase the number and visibility of African-American designers; (2) promote and assist the economic empowerment of African-American designers and other designers of color; (3) honor the contributions of African-American designers; (4) mutually aid and support each members personal growth; and (5) reach out and serve the communities in which members live.
OBD membership is over 3,500. Members include fashion designers as well as graphic designers, interior designers, and industrial designers.
One possible answer is that members of the OBD support each other and act as role models for one another.

Answer to Question 2

The two components of risk management are (1) identifying and analyzing the events that may cause loss and (2) choosing the best way to deal with each of these potentials for loss.
Examples of things a business owner can control are expected sales volume, salary costs, taxes, overhead, equipment and supply costs, and the prices charged to customers. Things a business owner cannot control include actions taken by competitors, changing tastes and trends, the effect that changes have on your market/customers, and the local economy
One possible answer is that fashion trends go in and out of style very quickly, increasing the risk that a fashion retailer will be caught with a large amount of unsaleable, unpopular merchandise on the shelves.



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cookcarl

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Both answers were spot on, thank you once again




 

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