Purchase Solution

Buying Imports and Exports: The Fashion Industry

Not what you're looking for?

Ask Custom Question

Discuss advantages or disadvantages of buying imports versus buying domestic products in relation to the fashion industry.

* First, post the definitions of import and export, and give examples of a chosen company and product for 2 import and 2 export item.
* Advocate either buying imports or buying domestically for retailing the item.
* Describe in detail 2 arguments to defend your point of view.

Purchase this Solution
Solution Summary

The advantages or disadvantages of buying imports versus buying domestic products in relation to the fashion industry are noted. 293 words with 1 reference cited.

Solution Preview

According to the Chartered Financial Analysts (CFA©) Institute (2008), imports are the "goods and services that we buy from people in other countries" (p. G-23) while exports are the "goods and services that we sell to people in other countries" (p. G-18). A company that actively exports and imports its products is Apple, Inc. (NasdaqGS: AAPL). For example, the company exports its design for its products such as iPod Nano to China and then China ...

Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

View More Free Quizzes
Related BrainMass Solutions

  • definitions of import and export

    410122 Imports vs Domestic Buying Discuss advantages or disadvantages of buying imports versus buying domestic products in relation to the fashion industry. (you do not have to choose the fashion industry) 1.

  • Balance of Payment Problems

    Declining Industry - The declining industry argument is based on the fact that international competition introduces increased supply and hence a drop in the prices of goods and services.

  • Free Trade, Trade Deficit, and Global/local thinking

    Countries strive to provide more exports because the products going out mean income for the country's businesses. Imports mean consumers are buying products from another country.

  • Globalization

    Quebec is still having a surplus budget and its exports are higher than its imports. However, while Denmark exports food products, Quebec is dependant on its imports of food products from the US and the EU.

  • Non-Tariff Quantity Controls

    Some other methods of restraining exports and imports are direct government participation in exports or imports, setting up of standards for exports and imports, and setting up complicated administrative entry/exit procedures (customs).

  • Impact on Exports/Imports on Weaker Dollar

    487098 Impact on Exports/Imports on Weaker Dollar According to the video below what is the impact on exports and imports of a weaker dollar? What countries does the video indicate may not want a weaker dollar and why?

  • Exporting vs. Importing

    When the exports are higher than imports, it helps to expand the economy and increases both the value of the nation's currency and the amount of currency in that nation's economy, which in-turn results in a better economic situation for that country.

  • Computing GDP

    G where Y = GDP C = Consumer Spending I = Investment made by industry X = Exports M = Imports G = Government Spending Given the data for Tanzania, you can compute this based on the given formula: Consumption spending

  • Assume that consumer spending is $1,000, government expenditures are $250, investments by industry are $200, and the excess of exports over imports is $300

    496362 Assume that consumer spending is $1,000, government expenditures are $250, investments by industry are $200, and the excess of exports over imports is $300 Questions: 1.

View More Related Solutions