Course Solutions Uncategorized (Answered) : What are the competitive advantages of “FairTrade”? Global

(Answered) : What are the competitive advantages of “FairTrade”? Global

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What are the competitive advantages of “FairTrade”? Global

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FairTrade

Trade between companies in developed countries taken place after paying fair price to the producers and manufacturers.

Competitive advantages of FairTrade:-

1) Biggest advantage is that producers get fair prices.

2) Reasonable wages and wokring conditions for the workers

3) Creation for jobs for people of the developed country as company would expand after getting fair prices.

4) Helps both producers and manufacturers

5) No bargain in the market as a fixed price is already set

6) Buyers dont have any problem in paying fair price as they are generous to less fortunate.

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(Answered) : What are the competitive advantages of “FairTrade”? Global

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