Podcast
Questions and Answers
What is a benefit of locally sourced goods according to the text?
What is a benefit of locally sourced goods according to the text?
- Lower cost due to mass production
- Higher profit margins for businesses
- Consumer preference for organic products (correct)
- Greater variety of products
What is a challenge for businesses in low-cost countries when it comes to local sourcing?
What is a challenge for businesses in low-cost countries when it comes to local sourcing?
- High import taxes
- Difficulty in communication with suppliers
- Lack of skilled labor
- Higher cost for boutique-level quality (correct)
What is the example of a traditional handwoven mat in the Philippines mentioned in the text?
What is the example of a traditional handwoven mat in the Philippines mentioned in the text?
- Banig (correct)
- Tapa cloth
- Abaca basket
- T'nalak
What is the primary advantage of regular checks and clear communication for buyers according to the text?
What is the primary advantage of regular checks and clear communication for buyers according to the text?
What is the primary role of an importer mentioned in the text?
What is the primary role of an importer mentioned in the text?
Local sourcing is not affordable for businesses in low-cost countries
Local sourcing is not affordable for businesses in low-cost countries
The abaca basket is a staple in Bicol's traditional planting methods
The abaca basket is a staple in Bicol's traditional planting methods
Importers are not mentioned as a type of supplier in the text
Importers are not mentioned as a type of supplier in the text
The Abaniko serves various purposes like planters, hampers, and decorative items
The Abaniko serves various purposes like planters, hampers, and decorative items
Regular checks and clear communication provide buyers with better control over the finished product
Regular checks and clear communication provide buyers with better control over the finished product
