HUEC 2045 : Test 4
Document Summary
Key concepts: means of importing for retailers and manufacturers, the role of offshore production in product development. Protectionism: 1789-us, 1st import restrictions on goods brought to us, feared it would not be able to compete with world"s industrial powers- 50%tariff. Free trade: believe restrictions on trade will threaten nation"s ability to grow and compete in global arena, supporters- retailers and most consumers. Us 66 hours-1907: 1 day off a week, 15 or 14 minimum age requirements. Us 16 years of age 1940: counterfeit goods, inferior imitations, chief objects, luxury goods and designer brands, counterfeit goods, high returns, low risk business, bargain prices devalue real brands. Black market or bootleg: a problem to designers, products are made by the same manufacturers, but sold on the black market, the quality is not a cheap rip-off, tough to distinguish them from the real items.
