Table of contentsTypes of financing availableSupport available for Hugo BossThe role of trading blocksSelected market Hugo Boss specializes in high quality products such as: clothing, shoes, perfumes and accessories like watches and wallets. The designer brand allows people to enjoy the clothes they wear and feel the comfort of their clothes because Hugo Boss is one of the dominant designer brands that sell high comfort clothing. ActivitiesHugo Boss is a large designer brand worth billions of dollars and people can buy and sell shares of Hugo Boss. So it should be a limited company so liability is limited and they sell designer clothes and shoes. Hugo Boss is very famous for its polo shirt because many people buy and wear their products. Hugo Boss was originally designed for German soldiers during World War II, but they made a change and are now one of the best luxury designer brands you can buy. Why does Hugo Boss trade internationally? Hugo Boss was registered as an international brand in 1977, which is when Hugo Boss decided to start selling suits internationally rather than in Germany. A few years later, Hugo Boss started to have a lot of success selling clothes, but they have now successfully started selling perfumes. After the year 2000, Hugo Boss has around 1041 retail stores and that's when Hugo Boss started to overtake and more and more people recognized the store. After the success of Hugo Boss, it generated a turnover of 2.5 billion euros, or approximately $2.7 billion. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get Original Essay Additionally, a company like Hugo Boss will be able to grow because many people bought their products like Russell Brand was seen wearing Hugo Boss clothing, this will increase their profits as more people start buying their products . However, one problem that Hugo Boss has faced is that there have been many fake companies in China that make fake Hugo Boss products and sell them online at cheaper prices, which will lead people to buy the product counterfeited without realizing it, which caused Hugo Boss to lose. some income, but people started to realize that there were a lot of inauthentic products online, so they went to real stores that sold Hugo Boss products like House of Fraser. Types of financing available A large luxury company like Hugo Boss will already have a lot of revenue. financial opportunity and they will also have more money since they will get a lot of money from people since they will get most of their money from customers who buy their products since Hugo Boss has expensive clothes. However, since Hugo Boss trades internationally, this can be a high risk as they will have a high chance of their products being damaged which will be lost to Hugo Boss as they will lose money due to the product. However, companies can take a loan on the company's products, which may require them to send them, but this could be a risk for them because if something happens they will have to pay it back, so it is a choice risky for the bank.Support available for Hugo BossAs Hugo Boss is a multi-billion dollar company, it will have a lot of support as it will need it for international trade,because most businesses pay in advance when trading internationally. This is for security reasons because both companies can stay safe and no one can lose money. Hugo Boss will trade internationally but will need some sort of insurance as it is at high risk as damaged products can easily be destroyed in transit. They will therefore have to turn to organizations such as Chambers of Commerce. This organization helps large companies export their goods quickly and safely without worrying about their products not being shipped. Chambers of Commerce will also be a cheaper way for the company to use it in the long run because they will need it. They could save more money rather than spending their own money on shipping the packaging and tracking its location. If it is damaged, they will have to fix everything and they will have to replace it and then send it back. First, the chambers of commerce will save them. so much and they will not have to worry about anything rather than stressing due to the fact of trading. The Role of Trading Blocks Trading blocks are extremely crucial for a company that decides to trade internationally because it decides whether the company succeeds or becomes a failure. . The main reason for trade blocs is to control the amount of exports and imports and manage it at the same time that the region can access and maintain a constant level of taxes that reduces competition between countries. Additionally, trading blocs allow countries within the bloc to trade with each other without any tariffs in place. This has many positive effects on countries from an economic point of view, as it can help increase income. An example of this is when Kellogg's decided to start doing international business and that's when they started to increase their revenue and that's when they embarked on international trade. Additionally, since trading blocks are used a lot by businesses, it allows them to grow and expand their goals at a lower cost. Luxury companies, like Hugo Boss, are able to import lower cost but high quality materials at the same time, in order to be able to create their clothes, this means they reduce their costs and create and increase their profits. However, a large company like Kellogg's cannot take advantage of the opportunity to use cheaper materials because it poses a huge risk to the entire company as it can cause problems for consumers when they eat their cereal , such as stomach aches, which could turn into an even more serious problem. This means that they will lose profits because fewer consumers will buy their products, causing them to lose a lot of things, which can corrupt the business and there will be more competitiveness because there will be more grain producers who will gain more. profit if Kellogg makes this vital mistake of using cheaper products. Additionally, trading blocs create a friendly relationship between countries as this will strengthen ties and understanding between them. As countries trade more, this will contribute to the elimination of tariff and non-tariff barriers and facilitate the free transfer of resources across the borders of member countries. This helps in optimal utilization of available resources. Furthermore, this means that there can be free trade between countries which will help create friendlier relations between them which will be beneficial for both parties as more profits can be made since.