Their agricultural strength was another component that added to the empire’s power. Trade was also important in the Muslim world. The Islamic people traded across the silk roads, linking once again China and the Mediterranean basin. Agricultural production would increase the amount of cities in the Arabs making refined business practices a necessity. This would cause the establishment of banks and the sakk, a forerunner of checks.
For this reason the Chinese government encouraged exporting of porcelain and other goods to Southeast Asia. (Upshur, 2002) The commercial guidelines from the Chinese government gave a specific list of items that were in demand from scattered Southeast Asian ports. With the boom in trade between China and Southeast Asia came a great amount of Chinese traders. These traders began to form communities in Southeast Asia and influenced new lifestyles in which the imported goods from China played an important part. (Archeology and Early Chinese Glass
The major step towards development of the Silk Road was because of the Chinese Emperor Wu Di. He became interested in developing commercial relationship with urban civilizations around the world and so he was influenced by them. This not only encouraged the Chinese to trade more but also showed them new things they had not seen before. This effected the Chinese civilization because this was a major step toward success in the future and many things changed because of trade. They now had different diets from which they could live a more leisure life.
However, understanding the culture and values of foreign consumers can help boost the sales of the product and service because the sales teams can market and target their consumers. The international sales research can help the sales team to understand the consumer’s needs and market their product which makes consumers want to buy the
It was a game of who could get more money and glory, and the discovery of the New World would only add on to this. Many events occurred in the Old World that would precipitate the drive to cross the Atlantic. Spices were grown primarily in Asia. Asians would sell the spices to a merchant, and the merchant would increase those prices. They would continue to sell and raise the prices in
Having these two areas under its control meant that the Mediterranean was once again a Roman sea, and the trade that was now available to the empire would greatly increase its revenue. Justinian would further improve his legacy as these two former Roman territories were still very important to the Byzantine Empire. However, the conquests expanded throughout more than just North Africa and Italy. Conquests were throughout parts of Europe, Middle East, and North Africa, as Document 6 shows. The conquest of Africa in 533 by Belisarius also increased the wealth of the empire as the general took back the Vandal treasury, once plundered from
This change brought about more benefit for both regions. It allowed both regions to thrive as it relates to the process of trading, and to help their respective region to advance and gain more resources to aid them in military events as well as their everyday lives. Inversely, this extension of areas of trade benefited the new area they were trading with, by aiding them in the advancement and industrialization of their country. So, this change really was beneficial (much like it was for the Silk Road in China), not only for the Mediterranean region and West Africa, but also for the region that they were now trading
The overseas Chinese played a pivotal role in the economic front for china because during period of national disasters, they would raise money. They also facilitated in the building of china’s infrastructure through the contributions to industrial programs such as building roads, bridges, schools, railways and contributed on other investments for the china. Their remittances to china were important because it was one of the main sources of income of households in china. The importance was also seen in the attempts by the Qing dynasty to get the support from the Chinese merchants through awards and recognition in their contribution to the Chinese economy. They helped the economy by buying Chinese products and boycotted foreign products.
The heavy dependence on retail stores leads to widespread availability of counterfeits which provides a unique challenge and directs towards the importance of having own-stores to ensure the legitimacy of the products. Another problem Shanghai Tang faces now is the need of shift of customer focus from European and American buyers to Chinese customers which will expand the customer base of the company. Even though a lot could be done better the management process of the company is excellent which includes the following i) Design Process: The mixture of both the core collection and seasonal collection maintains a balance between trademark products and the newness factor. The focus on theme and the creative designer as the core adds a lot of value to the design process. ii) Brand Considerations: Focus on the Shanghai Tang DNA leverages the brand equity that has been developed till now but on
The heavy dependence on retail stores leads to widespread availability of counterfeits which provides a unique challenge and directs towards the importance of having own-stores to ensure the legitimacy of the products. Another problem Shanghai Tang faces now is the need of shift of customer focus from European and American buyers to Chinese customers which will expand the customer base of the company. Even though a lot could be done better the management process of the company is excellent which includes the following i) Design Process: The mixture of both the core collection and seasonal collection maintains a balance between trademark products and the newness factor. The focus on theme and the creative designer as the core adds a lot of value to the design process. ii) Brand Considerations: Focus on the Shanghai Tang DNA leverages the brand equity that has been developed till now but on the other hand it limits the creativity of the designers.