International Marketplace Essays - Offshoring, Canada, Free Essays

International Marketplace Essays - Offshoring, Canada, Free Essays International Marketplace Jason Racki English 123 Ms. Gigliotti Term paper The Everyday Effects of the International Marketplace American is increasingly connected to the rest of theworld as a global economy becomes more important. We participate in the international marketplace both as providers of goods and as consumers. How we buy and sell affects us both in terms of what goods we can choose from, but also what jobs are available, and what kinds of industries will come to dominate our economy. One of the most important changes in recent years in our place in the global economy is the dropping of trade barriers with such political moves as the approval of the North American Free Trade Agreement (NAFTA). This has had an impact on our economy which has filtered down to the everyday lives of our people, both as workers and as consumers. On the one hand, NAFTA has been good in that it has caused the dropping of tariffs by Mexico and Canada, making U. S. goods more affordable in those countries. This has helped to stimulate some areas of the American economy by opening up new markets to sell our products abroad. In urging the passage of NAFTA, the Clinton Administration publications said that NAFTA would increase high wage jobs, boost U.S. growth, and expand the base from which U.S. firms and workers could compete in a world-wide market. It predicted job gains of approximately a million due to increased Mexican exports, and suggested that by 1995 there would be approximately 200,000 more high wage jobs created due to the opening of free markets. The industries most expected to benefit were those dealing in computer technology, machine tools, aerospace equipment, telecommunications equipment, electronics, and medical devices all areas where wages were already 12 per cent higher than the national average (Expanding (1993), 3-5). Such growth in jobs would have an effect on the workers and their communities, giving a boost to both individual wealth and the community itself. These benefits spread outward to other areas of the economy, helping people who have jobs in retail, construction, and oth er areas where workers spend their paychecks. However, there is another effect. As a result of the cheaper labor in Mexico, participation in this part of the international marketplace has led to the loss of many American jobs in certain industries, such as the garment and textile industries. After four years of stability, apparel industry jobs plunged suddenly last year, falling more than ten percent from 945,000 at the end of 1994 to 346,000 in 1995. In addition, 42,000 jobs vanished in the fabrics industry for at total shrinkage of 141,000 jobs. These jobs represented 40 percent of all manufacturing jobs lost in the United States last year (Squeezing (1996), D1). Carl Priestland, an economist for the American Apparel Manufacturers Association, predicted that this year another America will likely lose up to another 50,000 jobs in the industry (Squeezing (1996), D1). These losses especially affect workers in small towns like Pisgah, Alabama, and Granger, Texas. The approximate 100 people let go in Pisgah this year were emotionally devastated. Not only are they seeing their specific jobs disappear, they are also faced with seeing the entire industry vanish from their area, taking their opportunities with it. One example, Martha Smith, who lost her job sewing children's clothes, is now enrolled in a state-sponsored program to learn clerical skills. She is thereby trading a blue-collar position for one which is in a low-paying and overcrowded field. In fact a great many of the over 650 people who lost sewing jobs in Alabama this year are women struggling to support their families (Squeezing (1996), D1). They face a market where they have few skills and little to offer. Given the largely female makeup of the sewing industry, it is unfeasible to try to fit all these displaced workers in the clerical field. And on top of that, when a plant such as the one in Pisgah closes, the entire town and region suffer. Many such towns are dependent on one employer. When that employer leaves for cheaper labor in Mexico, the local economy cannot easily recover. Local merchants lose their customer base; suppliers to the mills lose their markets. In the textile

Theoretical Framework Essays

Theoretical Framework Essays Theoretical Framework Essay Theoretical Framework Essay Vida (2007) noted that since the mid 1990s when Elisabeth Hirschman, expressed the need for researchers to explore the ‘dark-side’ of consumer behaviors, literatures investigating and explaining the various factors that influence consumer purchase behaviors, especially with regard to illegal or counterfeit products, have increased considerably. Building on the willingness to pay concept, Vida conceived explored consumers willingness to purchase fake products. The author contended that demographic and socio-economic factors like age, gender, education, marital status, income and religiosity shape consumers attitude towards counterfeits, innovativeness (desire to be unique) and social pressure. These three, in turn, influence consumers willingness to purchase counterfeit products. Also, Xuemei and Veloutsou (2005) in their exploratory study, also reports that personal and social factors significantly influence consumers purchase behaviors. The authors contended that personal and social factors such as: value consciousness, normality susceptibility, novelty seeking and collectivism, and five attitude measures: reliability of the product in question, functionality of the product, recognized social benefits of purchasing the product, risks of purchasing and legality of purchasing, influence consumer purchase of counterfeit products. The study found that novelty seeking significantly influences consumer purchase of counterfeits products due to the similar or sometimes, superior quality of counterfeit products. Moreover, in a more elaborate study, Augusto de Matos, Ituassu and Rossi (2007) also found that price quality inference and previous experience, among others, significantly increases the chances of consumers purchasing fake products. This study, drawing from the findings of the studies mentioned above, contends that a consumer attitude towards counterfeit product greatly influences their purchase behavior. It also hypotheses that previous experience with safety concerns, quality of counterfeits with respect to the price, and the intention to use counterfeits to test the product before purchasing the genuine brands, shape consumer attitudes towards counterfeit and subsequently, their purchasing of counterfeit products. Augusto de Matos, Ituassu and Rossi (2007) rightly point out that quality and price are two fundamental factors that shape consumer purchase behavior. Traditionally, consumers believe that lower priced products are of lower quality, and this is largely the case with deceptive counterfeit products. However, with non-deceptive counterfeits products, consumers are offered products of similar or superior quality, compared to the genuine products, at lower prices. The combination of low price and high quality is bound to improve consumer attitudes towards counterfeits. For this reason, it is expected that: Counterfeits with superior quality enhances consumers’ perception and attitudes towards counterfeit products. Safety concerns are one of the most important issues with counterfeit products. These products have been known to pose significant threat to consumer health and safety, especially when it concerns medications and household items. However, not all consumers consider counterfeit goods to be unsafe or dangerous. It is expected that: Consumers who consider counterfeit goods to be unsafe and dangerous will have unfavorable attitudes towards counterfeit products, and vice versa. Lastly, novelty seeking can also influence consumer attitude towards counterfeit products. This feeling refers to individuals need for a sense of worth or social recognition; people always want to be seen as special and capable of affording material things. The increasing materialism in the world means that people that cannot afford the finer things of life feel unworthy. Since the presence of cheaper and yet quality counterfeit products provide the opportunity to afford these luxuries, individuals in the lower economic range are often willing to purchase such counterfeit products. Thus, it is expected that the sense of novelty influences consumer attitude towards counterfeit products.

Selling product Assignment Example | Topics and Well Written Essays - 750 words

Selling product - Assignment Example Other elements such as the size and the aesthetic appearance will also be significant. In addition, the audience has a high level of expertise in making a choice between the different technological devices that are capable of satisfying their needs depending on the wide range of choices in terms of their usage. They have a wide range of experience as they have purchased several phones before in the effort to upgrade the products once they are released into the market. This is becaue their level of prejudice is high and they only go for what works best for them since they need devices that provide convenience as well as an easy mode of communication.    Every day, there is a change in technology that makes everyone want to be in a position to conduct all activities in the comfort of their homes. Latest technology dictates that there should be an improvement on the latest models or products to suit the needs of the customers. This product will not only make it possible to receive information, but also share the fun with friends. The conduction of research and development helps in the production of items that best suit the needs of the market. It thus helps to produce competitive products that are not only acceptable but also preferred in the market.  It is important to perform a lot of research to help in the development of the products to suit the needs of the customers. Despite the fact that it will lead to the increase in prices it will also lead to more sales.  The best technological device or product is that which creates satisfactory feelings in the customer and makes them have convenience when performing different operations. If it also helps them to feel confident and gives a feeling of belonging, then it is the most appropriate product to use. It will be possible to beat all the other related products in the market and attain customer