Factors affecting the trading of devices in the global market

High School ・Business ・MLA

Lately, I purchased a large doll, some cutlery, and a Samsung model phone. The Samsung phone and cutlery are made in china while the doll is locally produced in the United States of America.
I was faced with tough choice whether to buy the made in china products or opt for products made in countries like Korea, Germany, or the United States. The quality of the goods left me in serious doubt even as they were equally priced with the same products from Korea.
If the cutlery and the Samsung phone were of equal quality as compared to same like products from U.S companies but at a lower price, I will purchase the foreign goods because I do not earn a lot to enable me to buy products at a higher price just because I love locally made goods.
As a business owner, the choice a customer makes based purely on price is important to my business especially if I own an international enterprise with a global customer base. It, therefore, means that as much as I have to ensure that my products are of high quality, I have to produce items that can have a competitive price. Customers are always limited to the financial resources they have at their disposal, and thus they will always look for cheaper products.
A person who works for a U.S based company is exposed to possible cuts in salary or the loss of employment because it is expensive to produce products for U.S firms which make their products to be highly priced compared to cheap imported goods. Such a company will not be able to fulfill its obligations to its employees.

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