00:04
So, here the question as in parts for part 1 we can say that the appeal of expensive shoes labelled as the made in england or made in italy can be explained by several factors.
00:17
So, the first is craftsmanship.
00:24
So, shoes made in these countries often have a reputation for superior craftsmanship with skilled artists produced artisans producing high quality footwear.
00:33
Next is heritage and tradition.
00:39
Both england and italy have a long history of shoemaking and brands from these countries often emphasize their heritage and tradition.
00:49
Quality materials.
00:51
So, high -end shoes are often made with the finest material like premium leather which contribute to their comfort, durability and aesthetic appeal.
01:02
Exclusivity.
01:03
These brands tend to have a limited production runs and exclusive design of creating a sense of exclusivity and luxury.
01:14
Status and prestige.
01:19
Owing shoes from renowned english or italian brands can convey a sense of status and prestige making them desirable to some consumer.
01:27
The next part, second part of the question when the european union imposed tariff on imports in inexpensive shoes from china and vietnam, the winners and losers can be defined as follows.
01:45
So, when we talk about the winners, so winners are european shoe manufacturers.
01:53
Basically, there is a reputation for potentially leading, increase their sales and profitability.
02:00
Humors, shoes are more expensive for them who make to purchase, want to purchase budget friendly footwear and this is loser thing for importers and retailers.
02:15
So, shoes cost and reduce competitiveness...