IndexTypes of finance availableSupport available for Hugo BossThe role of trading blocksChosen market Hugo Boss specializes in high quality products such as: clothes, footwear, perfumes and accessories such as watches, wallets. The designer brand allows people to enjoy the clothes they wear and feel the comfort of their clothes as Hugo Boss is one of the dominant designer brands selling high comfort clothes. BusinessHugo Boss is a big designer brand worth billions of dollars and people can buy and sell shares of Hugo Boss, so it should be a public limited company selling designer clothes and footwear. Hugo Boss is very well known for its polo shirts as many people buy and wear their products. Hugo Boss was originally made for German soldiers during World War II, however they made a change and are now one of the best luxury designer brands you can buy on the market. Why does Hugo Boss trade internationally? Hugo Boss was registered as an international brand in 1977, when Hugo Boss decided to start selling clothes internationally rather than just selling in Germany. A few years later, Hugo Boss started to be very successful selling clothes, but now it has successfully started selling fragrances. After 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 accumulated a turnover of 2.5 billion euros, or approximately 2.7 billion dollars. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay Furthermore, a company like Hugo Boss will be able to expand because many people have purchased their products, as Russell Brand was seen wearing Hugo Boss clothes, this will increase their profit as more and more people will start buying the their products. However, one problem that Hugo Boss has faced is that there have been many fake companies in China making fake Hugo Boss products and selling them online at lower prices, which will lead people to buy the fake product without realizing, this caused the loss of Hugo Boss. some income, however, people have started to realize that there are a lot of unauthentic products online, so they go to real stores that sell Hugo Boss products such as House of Fraser. Types of Finances Available A large luxury company like Hugo Boss will already have many of financial opportunities and they will also have more money as they will get a lot of money from people as they will get most of their money from customers who buy their products as Hugo Boss has expensive clothes . However, since Hugo Boss trades internationally, it could be a high risk as they will have a high chance that their products may get damaged, which will be lost to Hugo Boss because they will lose money due to the product. However companies can take a loan on the company's products which can make them send it but it could pose a risk for them because if something happens they will have to pay it back so this is a risky choice for the bank.Support available for Hugo Boss Since Hugo Boss is a multi-billionaire, he will have a lot of support as he will need it for international trade as most companies pay up front when they trade internationally, this is for security business as both companies can stay safe and no one can lose money . Hugo Boss trades internationally but will need some sort of insurance as it features ahigh risk as product damage can easily be destroyed during shipping. So they will have to look at organizations like Chambers of Commerce. This organization helps large companies to export goods quickly and safely without worrying about their products not being shipped, also Chambers of Commerce will be a cheaper way for the company to use in the long run since they will need it and could save more money instead of spending their own money to send the packaging and monitor where it is and if it gets damaged they will have to fix everything and they will have to replace it and then send it back, initially the Chambers of Commerce will save them so much and they will not have to worry about anything instead of stressing about cause of trading. The Role of Trading Blocks Trading blocks are extremely crucial for a company deciding to trade internationally as it decides whether the company will succeed or become a failure. The main reason for trading blocs is to control the amount of exports and imports and manage them at the same time that the region can have access to and maintain a consistent level of taxes that reduces competition between countries. Additionally, trading blocs allow countries within the bloc to trade with each other without tariffs in place. This has many positive effects on countries economically as it can help increase revenue. An example of this is when Kellogg's decided to start trading internationally and that's when they started increasing the revenue that they started getting and that's when they started trading internationally. Additionally, since trading blocks are widely used by businesses, this allows them to be able to grow and expand their goals at a low cost. Luxury companies, like Hugo Boss, are able to import low-cost yet high-quality materials so they can create their own clothes, meaning they are reducing costs and creating and increasing profits. However, a large company like Kellogg's cannot take the opportunity to use cheaper materials as it poses a huge risk to the entire company as it can cause problems for consumers while eating their cereals such as tummy aches which could turn into a even worse problem. This means they will lose profits as less consumers will buy their products and this will make them lose a lot which can make the company corrupt and there will be more competitiveness as there will be more cereal producers making more profit if Kellog's makes this vital mistake to use cheaper products. Furthermore, trading blocs create a friendly relationship between countries as it will create a stronger bond and understanding between them. As countries trade more, this will help eliminate tariff and non-tariff barriers and facilitate the free transfer of resources across member countries' borders. This helps in optimal utilization of available resources. Also, this means that there can be free trade between countries and this will help to create a friendlier relationship between them and this will be good for both sides as more profits can be made as the trade will be cheap or almost free. Also, since both companies trade with each country, there will be more cultures between the countries, this will be beneficial for both countries because it will help the companies to expand and get an idea of ​​the growing companies and know what products they should make. Furthermore, loyalty is key for the countries in the trading bloc they will have an increase in customers so if they have loyal customers this will help them be more successful and this.