selling clothes in the european union

Definitions

Financial risk

Probability of loss inherent in the methods used in a financing a firm , that may impair its ability to provide adequate return (Business Dictionary

Political risk

Probability of loss due to political instability in the buyer 's country that may result in cancellation of a license or otherwise affect the buyer 's ability to make payments . Political risks are insurable risks and overlap with the political component of force majeure risks 'Cultural risk or cultural shock

Sense of confusion , discomfort , disorientation , and uncertainity felt by those

exposed to a different cultural environment

Economic risks

Changes in the state of economy will impair the debtors ' ability to pay or the potential borrower 's ability to borrow

Social risk / social impact

Effect of an activity on the social fabric of the community and well being of the individuals and families

Ethical / ethical risks

Equitable , fair and just dealing with people that , although pragmatically flexible according to the situation and times , conforms to self-imposed high standards of public conduct . Once practically interchangeable with `moral ' this term has acquired quasi-legal connotations and has moved closer to `legitimate ' following the recent (second half of the 20th century ) schism between private morality and public morality

In the context of selling clothes in European Union , risk in business is always predictable and advanced preparation in to prevent the loss that is caused by risk

The definition of business risk Probability of loss inherent in a firm 's operations and environment (such as competition and adverse economic conditions ) that may impair its ability to provide returns on investment . Business risk plus the financial risk arising from use of debt (borrowed capital and / or trade credit ) equal risk

The business of French clothing retailers was valued at 45 .17 billion for the year 2004 and a forecast of 7 .5 percent growth between the period 2003-2007 . The market of women swear is already very strong and menswear is expected to grow in the coming years . Baby wear continues to grow although outside of France there is decline in birth rates

According to French Agency for Innovation (ANVAR ) France contributes 14 percent of EU 's textile industry , 10 percent of its workforce and its consumption is only 16 percent . French textile industry confronted several risks in the recent years , one of which was a drastic decline rate in workforce who have been decreasing by 12 percent each year and the industry recorded losses in spite of the fact that there are many fashion designing experts in France . The unique feature of French designing is its quality , style , luxury and creativity

In 2004 , French clothing and textile industry had the following break-up in the market

1 . Women swear had 48 percent 2 . Menswear had 28 percent . 3 . Baby and young children 's ' wear had 15 percent 4 . Home wear had 5 percent and others 4 percent

Customers are very fashion conscious in 20th century than in the past and also more careful in selecting clothes as...