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This 0 page Class Notes was uploaded by Jazmyn Sauer on Sunday November 1, 2015. The Class Notes belongs to Outline at Indiana University taught by Interior Design in Fall. Since its upload, it has received 15 views. For similar materials see /class/233416/outline-indiana-university in Apparel Merchandising&Design(Effective Fall09) at Indiana University.
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Date Created: 11/01/15
Globalization of the Fashion Industry I III How has Globalization Impacted the Fashion Industry A Firms found it necessary to B Part of activity C Countries trying to expand D to compete What Has Contributed t0 the Fast Rate of Globalization A Interconnected global systems development Lower labor Success of this country Ability to start businesses with little WWUOW All Industry Segments Affected A Textile Producers Apparel Firms Retailers Consumers Auxiliary Enterprises mpow Why the High Rate of Imports A Prices B Availability of C voids D more adaptable cooperative E F Fashion 0r in uences Growth of Global Trade Import penetration Labor Trade barriers mean Barriers cause Who wants barriers mcowgt VI VII VIII XI Import Buying Methods A Foreign Trade Shows B Foreign Producers at C Foreign Producer s in US D Storeowned E Mass F Foreign Commissionaires Imports by Manufacturers or retailers A Direct Imports by mfgs B Offshore Production 1 Everything but the design is supplied by contractor fabric finishing labeling pkg shipping Even design added to above 3 Domestic producer supplies design and buys fabric and then has it shipped to contractor cut and sew 4 Fabric is made and cut in the US and sent elsewhere for sewing Sent back to US for finishing duty advantages Trade A Deficit B Protectionism who C Free Trade who D trade policies for purpose of E Importance World Trade Organization A Why important B Administers multilateral trade agreements dispute settlement systems C 153 Countries DOHA Talks A What B Objective Barriers to Trade Quotas pacts established countrybycountry quotas responsible for tracing Measured in Most all quota ended in Safeguards Safeguards through Transshipping except those with safeguards owmcowgt X11 X11 XIV H CountryofOrigin Rules TariffsDuties A Import taX established and regulated by US Government paid by the importer and collected by B Amount varies for C Purpose Barriers A occurs when foreign producer sells a product below that producer s price in home market or lower than cost of production 1 If Department of nds imported product dumped than can impose on products B governments provide nancial assistance to bene t the production manufacturer or exportation of a good 1 If Department of nds a US industry is threatened then duty order will be imposed to offset subsidy Preferential Programs B 807 C 807A D CAFTA 1 Congress passed Aug 2005US Costa Rica Dominican Republic El Salvador Guatemala Honduras Nicaragua 2 What it has done E Trade Development Act of 2000 TDA l 19 countries in the Caribbean with dutyfree access to the US market for most goods Not Free Trade like NAFTA 2 Preference trade advantages to 48 SubSaharan African countries Normally US Fabric so dif cult with shipping XV Selling Products in Other Countries A easier way least costly B Selling products in other markets from home base one of most common less complicated than others May be limited by other countries C partnership between domestic and overseas company local expertise outside capital D 100 investment in foreign operation requires much coordination and knowledge
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