Question
Trade Policies
Answer :
Word Count : 253
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Trade policies play a crucial role in the management of merchandising functions and apparel manufacturing by directly influencing sourcing decisions, cost structures, and market competitiveness. In apparel manufacturing, trade policies such as import duties, export incentives, quotas, and free trade agreements determine the cost and availability of raw materials, fabrics, and accessories. Merchandisers need to understand these policies to plan procurement strategies effectively, negotiate with suppliers, and ensure timely delivery of materials at optimal costs. For instance, favorable export incentives can reduce the
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