ICAB AL Corporate Reporting Practice Questions - ICAB CA Advanced Level Corporate Reporting (Bangladesh) Exam

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Apex Garments Ltd., a leading Bangladeshi ready-made garment (RMG) exporter, is preparing for Bangladesh's graduation from Least Developed Country (LDC) status. The board is evaluating the macro-environmental impact of losing duty-free, quota-free market access under the EU's Everything But Arms (EBA) scheme. Under PESTEL analysis, which factor category and strategic response are most appropriate for Apex?

Economic factor; absorb tariffs entirely by reducing worker wages below statutory minimums Political/Legal factor; qualify for EU GSP+ by investing in certified labor, environmental, and governance standards while upgrading into higher value-added fashion items Technological factor; replace all skilled workers with automated sewing lines to eliminate overheads immediately Social factor; shift 100% of sales to the local domestic market to avoid all international trade compliance

Correct Answer:

Political/Legal factor; qualify for EU GSP+ by investing in certified labor, environmental, and governance standards while upgrading into higher value-added fashion items

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