Review for Quiz 1 on International Trade | IN 312, Quizzes of International Business

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REVIEW

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QUIZ

Quiz

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Module

For example, what is a “Trade Pattern”?

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At minimum, 4 elements are needed to understand “trade patterns”:

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A viable product

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Trading parties 3

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Market orientation

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Regulatory framework

Pat Yanez

For example, Apparel Component of the Global Textile Complex

Textile and Findings Manufacturers

Level 1

Global Export Trading

ApparelManufacturers

Apparel Contractors andSourcing Companies

Retail Product-Developers

Level 2

Manufacturer-Owned Retailers

Catalog RetailersDept. Store RetailersInternet RetailersM^ R t il

Manufacturer Outlets

Mass RetailersSpecialty RetailersWarehouse/Wholesale ClubsRetailer Outlets

Level 3

Customers

Level 4 Pat Yanez

Source: Going Global. Page 19

Pat Yanez

31 Manufacturing

For example, North American Industry Classification Systems (NAICS)

313

314

Textile Mills

Textile Product Mills

(^3131) Fiber, Yarns &Thread Mills

(^3132) Fabric Mills

313111

313113

31321

(^31322) N W^ F b i

(^3141) Textile Furnishing Mills

(^3149) Other Textile Product Mills

31411

31412

Yarn Spinning Mills

Thread Mills (^3133) Textile & Fabric Finishing,Fabric Coating Mills

Broad Woven Fabrics

Narrow Woven Fabrics (^31323) Handwoven Fabric Mill

(^31324) Knit Fabric Mills

Carpet & Rug Mills

Curtains & Linen Mills

(^315) ApparelManufacturing

3151 Apparel Knitting Mills

(^3152) Cut and Sew Apparel Manufacturing

(^315111) Sheer Hosiery Mills

(^315191) Outerwear Knitting Mills

(^315192) Underwear and NightwearKnitting Mills

315211

315212

315291

315292

(^313511) Hosiery & Sock Mills

(^313519) Other Apparel Knitting Mills

(^31529) Other Cut & SewApparel Manufacturing

(^31523) Women’s & Girls’ Cut SewApparel Manufacturing

(^31522) Men’s & Boy’s Cut SewApparel Manufacturing

(^31521) Cut & SewApparel Contractors

3159 Apparel Accessories & OtherApparel Manufacturing

Men’s & Boys’ ApparelTrimmings & Findings

Women’s & Girls’ ApparelTrimmings & Findings

Infant’s Cut & SewApparel Manufacturing

Fur and LeatherApparel manufacturing

PowerPoint Slide Design: Patrick YanezSource: “Going Global: The Textile & Apparel Industry” Kunz & Garner (2007)

SAMPLE

QUESTIONSQUESTIONS

Pat Yanez

• In the 1950’s the vast majority oftextile and apparel products availableto consumers in developed countrieswere produced in:

a) Chinab) Latin Americac) Turkeyd) their own countriese) South East Asiae) South East Asia Pat Yanez

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Sourcing is: a) a business that manufactures products for otherbusinesses or arranges for their productionb) the combination of textile-related industries that supplysoft goods to the world populationc) apparel contractor that not only provides production

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services but also assists with and finances productdevelopment and material sourcingd) activities performed to acquire materials, and finished

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goods; selecting a country or vendor to do business withe) a business formed when firms in unrelated markets jointogether for common ownership Pat Yanez

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Sourcing is: a) a business that manufactures products for other businesses orarranges for their productionb) the combination of textile related industries that supply softb) the combination of textile-related industries that supply softgoods to the world populationc) apparel contractor that not only provides production services butalso assists with and finances product development and materialsourcing **d) activities performed to acquire materials, and finishedgoods; selecting a country or vendor to do business with **** e) a business formed when firms in unrelated markets join togethere)^

a business formed when firms in unrelated markets join togetherfor common ownership Pat Yanez

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Worldwide, __ billion T-shirts are produced everyyear, that is, nearly three T-shirts for each man,woman, and child in the world

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Pat Yanez

Th

NAICS

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e NAICS code for Apparelmanufacturing is:

A) 31B) 315B) 315C) 3155D)

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E) 41E) 41

Pat Yanez