As consumers, it is very apparent, that people like to get the best deal for a product, as possible. Not only does this great deal apply to the quality of the product, but to some, more importantly relates to the price of a product.
Since products have been able to be made cheaper than ever before, the consumer products made by the Chinese, has become a very competitive market. Along with the new stiff competition, the dip in the global economy, has also had an increased significance to the price of consumer goods all around the world. Since people have a lot less money to spend, the money in which they do spend, companies, as well as product makers, want to be the location in which the consumers spend that limited cash.
When it comes to consumer products, we live in a world where the cheaper the product, the better. For this reason, many if not most companies, have decided to outsource and go to places such as China as well as India, to get the cheaper price to make the products as possible. Along with this, some places have attempted to make cheaper goods here state side, thus putting them into direct competition with the Chinese consumer products. With this, as well as an influx of new organizations as well as companies, even competing and growing in the Chinese market. Consumer goods have been a very competitive market, that will probably get even more competitive as time goes on.