This memo’s contains research-supported information about the standards, and requirements for Nouveau Fashions’ products to become an innovative contributor in the Made in America movement. The goal is to have reliable explanations, which included the why and how, of the required elements listed in this memo. For instance, the research gathered in this memo will assist with determining whether manufacturing the company’s products in America is economically beneficial for Nouveau Fashions while meeting their customers’ needs. Thus, this memo will provide the best guidance for a decision on the company’s position in manufacturing in America.
Requirements to Sale American Made Products
First, Nouveau Fashions will need to follow the Federal Trade
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Because of this, the American families can thrive financially. Economists claim if American products increase, then so will the jobs in America. Nouveau Fashions have plenty of opportunities to open more locations in the United States, and contribute to lowering the nation’s unemployment rate by creating jobs for the American people. Knowing where to open Nouveau Fashions locations can increase the company’s revenue while circulating money back into the economy. A Bloomberg Businessweek news article states, there are over 130 cities that support American based companies by advocating and encouraging the communities to buy their products and services from local businesses (Weisul, …show more content…
This can happen if American and foreign consumers become committed to purchasing Nouveau Fashions' American made merchandise, and not the competitors’ products made outside the country. In particular, this will create more jobs and minimize the unemployment rate in America. MAM states, American manufacturing contributes to at least 17 million jobs while boosting the GDP by 12 percent. Therefore, more Americans working domestically would aid Medicare and Social Security for Americans paying more taxes. United States lost close to $2 trillion cumulative trade due to excess importing of China products (Saylor, 2014). America can advance economically if they have a higher tax base while reduces the trade deficit created by excessive importing if American consumers decide to purchase goods and services made in the United States of America (Simmermaker,