Ch.1 & 2
Ch. 3, 4, & 5
Ch. 6 & 7
Ch. 8 & 9
Special Topics
100
Textile production significantly influenced what historical movement.
Industrial Revolution
100
Business arrangement by 2 or more companies to meet a critical business need where a separate entity is not created.
Strategic Alliance
100
Country groupings are based on the level of economic development determined by what 3 factors:
1. Income per capita 2. Human Development Index (HDI) 3. Gross Domestic Product (GDP)
100
What is the defining characteristic of an economic union setting it apart from other economic integrations?
Harmony of the members' government and economic policies
100
Nearly half of all SMEs operate in what industry?
Apparel SMEs
200
The process of getting the right product to the right customer at the right time and the right price.
Business logistics (logistics)
200
What social movement advocates the payment of higher prices to exporters and higher social/environmental standards?
Fair Trade
200
What was established January 1, 1995 as the successor to the GATT?
World Trade Organization (WTO)
200
Give 1 advantage and 1 disadvantage of the International Division of Labor (IDL):
Adv: creates jobs, replace high wage labor for low-wage labor, shared production, export earnings, technology transfer Dis: dependency and uneven development, overlooking the host nation, entry barriers, deindustrialization
200
Give 2 reasons for the decline of the GA T/A industry in the 20th c.
- low employment - new technologies - new machinery - selling off mill towns and mill homes - OSHA regulations - NAFTA
300
What was the first U.S. factory established in 1793?
Cotton-yarn spinning mill - Samuel Slater
300
Name the 3 general types of integration and a simple definition from the company's perspective:
1. Vertical integration - activities encompass multiple steps in production/distribution 2. Horizontal integration - activities expand into same/similar activities (often direct competition) 3. Conglomerate integration - activities encompass several different activities (not direct competition)
300
What were the only nonagricultural areas for which the developed countries did not ease restraints under GATT?
Textile and apparel products
300
This term refers to the geographic reorganization of production when manufacturing is not confined to one nations economy.
International Division of Labor (IDL)
300
How are SMEs defined?
No universally accepted definition but number of employees is used to define the size.
400
As a producer of jeans what activities on the "textile product pipeline" would be upstream for your company and what activities would be downstream for your company.
Upstream: fiber, yarn, fabric, dyers & finishers; Downstream: wholesalers, retailers
400
What act from 1938 establishes important standards such as minimum wage, overtime pay, and child labor?
Fair Labor Standards Act
400
What are two key influences on global consumption of T/A products and fiber consumption?
Changes in income levels and world population
400
Why are the EFTA and EEA important for the European bloc?
EFTA - promotes free trade and economic integration for the 4 members (Iceland, Norway, Switzerland, Liechtenstein) who have not joined the EU. EEA - an agreement between the EFTA and the EU to allow EFTA countries to participate in the European market without joining the EU
400
What is the main T/A industry in Georgia which did not see as much unemployment during decline and maintains its status in the international community as a leader in this product category?
Carpet Industry
500
What is the difference between labor intensive and capital intensive industries? (simple answer)
Labor intensive - people; Capital intensive - money
500
Most U.S. mills are not active exporters of textiles. What two specific things may be leading to changes in the exporting of US textiles?
1. Foreign investments in US mills 2. Cheaper prices of cotton yarn
500
In what development stage of the textile complex are the garments not perfect but the low price becomes the prime selling point?
Early Export of Apparel - be able to recognize the characteristics of each stage
500
What are the 4 determinants of national advantage?
Factor conditions; demand conditions; related & supporting industries; firm strategy, structure & rivalry
500
What is your biggest takeaway from this class?
No Final Exam! Final exam canceled. :)
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