The belt industry includes a segment known as cut-up trade and includes manufacturers that produce belts sold to fashion brand companies who add them to their merchandise as a component of the products sold at retail.
Explanation:
Trade is the process for selling and buying products and services. The goods produced in one company is sold or exchanged to another company.
Cut-up trade refers to manufacturing of belts and selling it as a part of dress, skirt and pants.
Rack trade refers to manufacturing of belts and selling as separate fashion accessory items.
Cut-up trade is a segment in the belt industry. The industries manufacture belts and sell it to the brand companies. Those brand companies sell belts as their retail product.
