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24: Fashion in Review
What country (economy) is the greatest consumer market of soft goods in the world?
At the current time, what is the import penetration of textile/apparel goods in the U.S.?
What apparel categories have the highest U.S. import penetration?
How are square meter equivalents used?
Why does a weak U.S. dollar tend to improve the U.S. trade balance?
What is international diplomacy?
What effect has the World Trade Organization had on U.S. government income and why?
Why does apparel production remain labor-intensive, thus offering manufacturing employment to low-skilled workers?
Why is an oversupply of goods occurring in the world?
To what two categories of factors does the economic climate of countries relate?
Within the world’s major trade regions, how are high-wage and lower-wage countries using synergy to improve jobs, income, and standards of living?
Why must most Pacific Rim countries trade to survive?
What factors are causing manufacturers to shift some of their production from Asia to Mexico?
Why are U.S. manufacturers no longer favoring protectionism?
What is a wholly owned subsidiary?
The number of people living in the U.S. represents about how much of the world’s population, and how much in buying power?
Since U.S. textile/apparel companies cannot compete on price with countries that inexpensively manufacture commodity goods, how can they be successful?
Name three types of business structures in which U.S. retailers are investing abroad.
What must companies that sell goods in another country understand and do?
What is the key to successful global business dealings?
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