Title: Differentiate between domestic production and international production.
Course: Fashion Marketing, Advanced (12153-II) > Section: Analyzing Economics

Differentiation should contrast domestic and international production of goods by explaining how the two differ in terms of

- cost of goods
- lead time
- cost of money (e.g., financing, exchange rate)
- cost of labor
- minimum order quantity.

Process/Skill Questions:

- How would you analyze the advantages and disadvantages of importing goods?
- Why do businesses look abroad for production in the textile/apparel industry?
- What economic factors should be considered when determining domestic or international production?
- How do the costs of goods, money, labor, and lead time influence production?
- What the effects of quotas? Why are they used?