ThreadKind Ltd imports cotton clothing for sale in the UK. It can keep its current supplier or use a certified supplier that pays higher wages and uses less water. Table 1 shows the two options.
| Measure | Current supplier | Certified supplier |
|---|---|---|
| Import cost per garment | £14 | £18 |
| Worker wage | £2.10 per hour | £3.90 per hour |
| Water used per garment | 2,400 litres | 1,350 litres |
| Delivery time | 18 days | 29 days |
| Customers considering purchase | 58% | 80% |
Using Table 1, assess whether ThreadKind Ltd should switch to the certified supplier.
48 exam-style questions on AQA GCSE Economics 2.4 International trade and the global economy, covering 2.4.1a The importance of trade, 2.4.1b Advantages of trade and interdependence, 2.4.1c UK exports and imports, 2.4.2a How exchange rates are determined, 2.4.2b Effects of exchange rate changes, 2.4.3a Free-trade and its arguments, 2.4.3b Free-trade agreements such as the EU, 2.4.4a Features and growth of globalisation, 2.4.4b Benefits and drawbacks of globalisation, and 2.4.4c Moral, ethical and sustainability considerations. Each one has a worked solution and a mark scheme showing where the marks go.