Int'l Trade Chapter 3 Flashcards
1
Q
“Cut and sew apparel manufacturer” is complicated in NAICS because…
A
apparel manufacturers are increasingly contracting more and more of production to outside contractors
2
Q
NAICS: Fiber, Yarn, and Thread Mills
A
3131
3
Q
Distressed goods
A
cannot be sold even on clearance
4
Q
NAICS: 315
A
apparel knitting mills and cut & sew manufacturing
5
Q
WTO, 2008
A
153 members
6
Q
4th digit in NAICS is reserved for
A
industry groups
7
Q
Logistics
A
the science of moving product through the supply chain to its final destination in a timely manner
8
Q
__ billion t-shirts are produced yearly
A
16 billion
9
Q
OTEXA
A
Office of Textiles and Apparel: agency of the US Commerce Department
10
Q
___ garments are produced every year
A
80 billion
