The Price of Manufactured Goods in Bangladesh Discussion

I’m working on a management question and need an explanation and answer to help me learn.

Question:

Consider the implications when parity conditions do not hold and how one could take advantage of that through arbitrage. Explore an example of some market imperfections that exist. How could you exploit that to make some profit. Please do not use examples from the textbook; Use your own examples. You can use products instead of currency. I call the ability to exploit market imperfections through developing an idea as “product arbitrage”.

example: If labor is cheaper in Bangladesh at let’s say $0.5 per hour, I could create a business where people make orders on a product in the US at US prices, but it is manufactured in Bangladesh and shipped to the US. If shipping and taxes are less than the product price, I would expect to make profits. This product in my case will be tailored suits.