Overview of Import-Export Business by Sarath Madala INBM Jan’14 batch CONTENTS: • Introduction • Incoterms • Shipping Documents • Cargo Insurance • Payment modes/Letter of credit • Advantages • Challenges INTRODUCTION: • Trade: Trade is transfer of ownership of goods or services • International trade: exchange of capital‚ goods and services across international borders • Export: In international trade export refers to selling
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Export Subsidies Export subsidies are attempts by the government to interfere with the free flow of exports. They are payments to a firm or individual for shipping a good abroad. Similar to taxes‚ export subsidies can be specific (a fixed sum per unit) or ad valorem (a proportion of the value exported). Around the world‚ the export industry most frequently subsidized is agriculture. The stated reasoning for export subsidies varies depending upon the product and industry‚ but proponents frequently
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EXPORT PROCEDURE 1. An exporter receives an enquiry from the prospective buyers seeking information regarding price‚ quality & other terms conditions for export of goods. The exporter sends a quotation known as proforma invoice as reply. 2. If the buyer is satisfied with the export price & other terms & conditions‚ he places the order or indent for the goods. 3. After receiving the order or indent‚ the exporter undertakes an enquiry regarding the credit worthiness of importer to assess the
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EXPORT STRATEGY INFORMATION DOCUMENT Introduction The aim of this assignment is to demonstrate knowledge of the information and data needed to formulate an export strategy. This will be achieved by way of addressing the following: 1. What is meant by the ‘business and market environment’ of a target market? What kind of information would an exporter need to collect? 2. What is meant by the concepts ‘market segmentation’ and distribution channels’? What kind of information would an exporter
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Definition of ’Export Incentives’ Monetary‚ tax or legal incentives designed to encourage businesses to export certain types of goods or services. A government providing export incentives often does so in order to keep domestic products competitive in the global market. Types of export incentives include tax exemption on profits made from exports. Investopedia explains ’Export Incentives’ Export incentives make domestic exports competitive by providing a sort of kickback to the exporter.
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1 )Manufacturing is the act of making or producing goods by utilizing labor and machineries especially in a large -scale‚ which includes large division of labor. Finished goods produced after manufacturing are further divided into two groups’ producer goods and consumer goods. Producer goods are those supplied to another company for manufacturing other complex products and consumer goods are the finished products which are purchased by the customers directly for the general usage. Casting is a widely
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Report on Food prices and the multiplier effect of export policy This paper gives a brief report on the effect of export policy on food prices‚ presented by Michele Ruta (World Trade Organization) on 29th Sept‚ 2011.The paper consider the impacts of trade policy interventions on international and domestic food prices in the limiting case where countries seek to completely offset the impact of changes in the international market on their domestic market. The paper first analyzed the sudden increase
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schedule; Aggregate Supply Curve‚ Aggregate Demand Curve and Determination of Price level - Phillips Curve. Unit II: International Trade: (12 Lectures) Classical Theory of International Trade‚ Haberler’s Theory of Opportunity Cost; Heckscher – Ohlin Theory of Trade - Terms of Trade: Gross‚ Net and Income - Law of Reciprocal Demand and Offer Curves- Equilibrium Price in International Trade‚ Commercial Policy - Tariffs and their effects.
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Question 1 1. ------------------------------------------------- ------------------------------------------------- A non-traditional motivation for export is to exploit global presence‚ which means the corporation seeks to: ------------------------------------------------- Answer | | use global money flows | | | access lower cost structures | | | take best advantage of scale economies | | | avoid domestic competition | 5 points Question 2 1. -------------------------------------------------
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Export Marketing: Week 1 What is Marketing? Marketing is a customer focus that permeates organizational functions and processes and is geared towards marketing promises through value proposition‚ enabling the fulfillment of individual expectations created by such promises and fulfilling such expectations through support to customers value0generating processes thereby supporting value creation in the firm‚ customers and stakeholders. What is Marketing Management? Marketing management is the
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