BUISENESS MANAGEMENT
MERCHANDISING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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All of our textiles are produceddomestically.
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60%
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100%
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2%
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Detailed explanation-1: -Every country wants to be independent in all sectors, especially when it comes to FMCG products, and America is no different. Although it’s one of the most developed countries in the world, more than 90% of the country’s clothing is imported.
Detailed explanation-2: -Did you know that the average American household spends roughly $1, 800 on clothing every year? Together, we purchase almost 20 billion items of clothing each year. However, out of all those 20 billion items, the percentage of clothing made in American is only two percent-that’s it.
Detailed explanation-3: -China is the United States’ largest supplier of textiles and apparel, accounting for 37.0 percent of total U.S. imports.
Detailed explanation-4: -Exports of fibers, textiles and apparel were $28.4 billion in 2021, compared with $25.3 billion in 2020.2. Capital expenditures have remained strong.