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

Differentiation should include how the two differ in terms of

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

Process/Skill Questions:

- How might one analyze the advantages and disadvantages of importing goods?
- Why do businesses look abroad for production in the textile/apparel industry?
- How do the costs of goods, money, labor, and lead time influence production?
- What are the effects of quotas? Why are they used?