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Profit Division

How do the ga...

Question

How do the garment exporters meet the conditions set by the foreign buyers?

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Solution

The garment exporters cut costs. They get maximum work out of the workers at the lowest possible wages.

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Q. What are the demands foreign buyers make on the garment exporters? Why do the garment exporters agree to these demands?

Q. ___________ is a commitment by a bank on behalf of the buyer that payment will be made to the exporter if the terms and conditions are met.

Q. The commission charged by the bank for any foreign exchange transaction from the buyers or the sellers of foreign currency is fixed by ____________.

Q. Compare the earnings per shirt of the worker in the garment factory, the garment exporter and the business person in the market abroad. What do you find?

Whom does the garment exporting factory export the shirts to?

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