Home Grown / Developed Product
A product that has been developed, produced, and/or grown in Australia.
Products produced in Aus are globally recognised for quality.
They use Aus raw materials, highly trained employees to produce, etc.
Are covered by ACL - come with guarantees.
If successful here in Aus, most likely to be successful globally.
Benefits
BUSINESS
Financial growth - Aus quality is sought after in a global market.
Perception of high quality, therefore can charge at a premium price.
As a global business there is a perception that the business is successful and more trustworthy, leading to an increase in market share.
COUNRTY
Products produced in Aus increases job availability and employment levels
Products owned by Aus business means profits stay in Aus and gov receives business tax that can be used
Products sold globally so balance of payments between imports and exports
More global awareness of our culture and quality of products, leading to increased tourism and purchase of other Aus produce.
CONSUMERS
More competition in the market gives consumers more choice and lower prices
Support local businesses and jobs
Purchasing Aus products means getting Australian guarantees.