Author Question: Which one of the following type of stores would be most likely to base markup on cost rather than on ... (Read 24 times)

faduma · **on:** Sep 11, 2018

Which one of the following type of stores would be most likely to base markup on cost rather than on retail?

a. National chain department store such as Sears or Penney's
b. Apparel specialty department store chain such as Neiman Marcus or Saks Fifth Avenue
c. Traditional department store such as Dillard's or Macy's
d. Small independently owned mom-and-pop store

Question 2

What impact does the North American Free Trade Agreement (NAFTA) have on the fashion industry? Discuss at least 2 of these.

What will be an ideal response?

jaykayy05 · **Reply #1 on:** Sep 11, 2018

Answer to Question 1

d. Small independently owned mom-and-pop store

Answer to Question 2

The agreement states that qualifying textile and apparel will be classified as duty-free when it is
exported to Canada or Mexico. These products must be produced in the U.S. or had a significant
amount of processing in the U.S.