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Nike Provides Technical Specifications to a Subcontractor or Local Manufacturer

question 58

Essay

Nike provides technical specifications to a subcontractor or local manufacturer for its products.What is this arrangement called and what are its major benefits and drawbacks?


Definitions:

Market Forces

The economic factors affecting the price, demand, and availability of goods and services in a free market.

Classism

Prejudice or discrimination based on social class, often manifesting in unequal treatment or attitudes towards people from different economic or social backgrounds.

American Dream

The ideal by which equality of opportunity is available to any American, allowing the highest aspirations and goals to be achieved.

Meritocracy

A system in which advancement and rewards are based on individual ability or achievement, rather than on social class privilege or wealth.

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