Explore the two options and suggest which would be a better option. Give reasons to support your choice.
You are the owner of a retail store which offers formal and casual dresses for women in the age group 25–40. You want to introduce an accessory section in your store, and for this section you plan to import bright, colorful silk scarves.
To accomplish this, you are planning to partner with a silk scarf supplier. In selecting the best silk scarves, you have the option of going to either a supplier in India or a supplier in China.
This is a good question. In selecting a supplier, there are a number of important factors. By considering these factors, you will be able to make a good decision. When it comes to manufacturing scarves, China and India can be good options. So, it really boils down to three factors.
First, quality matters. So, I would see what kind of quality China and India produces. Also because the scarves will be in bulk, it is important to know what the quality control is like when it comes to mass production.
Second, reliability matters as well. I would see if these companies are reliable. If they do not work by international rules and regulations, then shipments can be delayed and this can cost lots of money. If they are not professional in any way, I would think twice, because this can cause great delays and profits.
Finally, I would compare prices. If one country has better quality and a better price, then it is an easy decision. If the price is slightly more, but there is great reliability and quality, I would pay extra.
In the end, these three factors will help you make a good decision.