2.04

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Across
  1. 4. economies of scale (increase outputs while maintaining costs)
  2. 6. to changing trade trends and government policies, internal trade has grown faster for fashion goods than any other commodity.
  3. 9. lost jobs after joining WTO and manufacturing facilities moved abroad.
  4. 10. boundaries are less important due to technological advances, such as worldwide communication capabilities (phone, internet, TV)
  5. 12. provides new opportunities abroad.
  6. 14. market share
  7. 16. markets
  8. 18. undesired merchandise
Down
  1. 1. out competition
  2. 2. wars
  3. 3. issues with WTO
  4. 5. is global.
  5. 7. is available 24-7.
  6. 8. competition of global markets allows consumers to have more choices and pay lower prices.
  7. 11. lapse in market production and sales causes a market disruption. A market disruption in the fashion industry could cause reducing markets domestically produced goods in the US. Manufacturing facilities have closed and US jobs lost.
  8. 13. is used as a global strategy to discover:
  9. 15. niche markets
  10. 17. relevance of import penetration for foreign markets is that textile/apparel trade is important to most countries. And, the rules that regulate trade affect governments, businesses, and consumers worldwide.