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Buying Imports and Exports: The Fashion Industry

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.

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 ...

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.

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