What do you think is the reason behind the success of the importers abroad?
Open in App
Solution
The various reasons behind the success of the importers abroad can be summarised as follows:
A stringent quality test done by the importers leads to rejection of a piece even with a minor defect and therefore strives to maintain a quality standard for the products.
The importers buy the cloth at a very low rate and price it up with a huge margin, thereby adding to their enormous profits.
The manufacturing costs of the importers is also significantly less.