quiz 4 Flashcards
Resources
Middlemen, wholesalers, manufactuers and contacts
Wholesalers
able to look at multiple brand and lines at once
contacts
sales reps, local, regional and national markets
sourcing
determining the most efficient vendor of materials, production and or finished goods at the specified quality and service level with delivery within an identified time frame
globalization
Viewing multiple sites in the world as markets and/or sources for producing or acquiring merchandise
imports
system of taxes that are coming into the US
exports
system of taxes of items shipped overseas
tariffs
taxes that are placed on the imports and exports
quotas
quantitative limits
World Trade Organization
To increase international trade by reducing trade barriers on goods that are imported or exported.
trading blocs
The Americas
The U.S. – Mexico – Canada Agreement (USMCA): 2020
Europe
European Economic Area (EEA): 1994
Asia and the Pacific Rim
Association of Southeast Asian Nations (ASEAN): 1967
“The Big Four”
sourcing company
Decides what, when, and where the goods will be acquired
contracting company
provides merchandise
Line Development
The process of determining the actual styles, sizes, and colors that will fill out the line plan; the creation of a line or collection.
sourcing
Determining the most cost-efficient vendor of materials, production, and/or finished goods at the specified quality and service level with delivery within an identified time frame.
