The purpose of this assignment is to become familiar with the terms import and export, and then 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 1 import and 1 export item.
Advocate either buying imports or buying domestically for retailing the item.
Describe in detail 2 arguments to defend your point of view.
Comment on another student's posting.
Your response should be free of grammatical errors, use complete sentences, and give specific details to support statements made. Include any citations in APA style.
Objective: Explain concepts of microeconomics.
Explain market influences such as consumers, products and profits on business strategies