Answered: Explain the steps and procedure to…

Explain the steps and procedure to follow for a good export plan for a good product or service from your country of origin to other country.

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter9: Reaching Global Markets

Section: Chapter Questions

Problem 2DYMP

See similar textbooks

Related questions

Q: List the advantages and disadvantages of different ways of entering the global market and the effect…

A: Global market can be defined as the market which is a worldwide market place where goods and…

Q: What mode of entry could a company follow if it has no previous experience in global marketing?

A: A global market-access strategy refers to the method used when deciding to enter an international…

Q: There are many Modes of Entry for International Business. Discuss the advantages and disadvantages…

A: Modes of entry for International Business: A business is found to enter into a foreign market in…

Q: Do note that no US tariffs are allowed on US exports as per the US constitution. Any example of a…

A: INTRODUCTION: Foreign Trade Barriers can take many different forms. They can be tariffs, quotas, or…

Q: What is the two specific strategies that are available to minimize the duty assessment you will…

A: Business strategy can be defined as the strategy which is developed by the top management of the…

Q: Define the term export broker?

A: A person or business that, in exchange for payment, connects buyers and sellers but refrains from…

Q: describe the advantages and disadvantages of the approaches to international marketing entry…

A: Global marketing is the beginning, center, and end of how a business organizes, plans, opinions, and…

Q: Briefly discuss the international trade system in your own words

A: INTERNATIONAL TRADE SYSTEM: The international trade system covers thousands of laws and treaties…

Q: discuss any 2 criteria used for screening any new ideas by an exporting company?

A: Below is the solution:-

Q: Are the basic functions of exporting and domestic selling the same?

A: Export Selling, in the most simplest terms, can be defined as the practice of selling goods in…

Q: Disadvantages in direct exporting strategy in Toyota Malaysia.

A: Below is the solution:-

Q: Define Outsourcing and the three common market entry strategies exporting licensing and direct…

A: Outsourcing is an agreement in which one company contracts another company to be accountable for a…

Q: Three reasons why companies engage in International Business?

A: International Business can be defined as a field of study regarding the scope and mechanism of how a…

Q: Suppose that you are a manufacturer of high-tech hardware based in Texas and you need to export to…

A: Ans. I would choose the indirect exporting strategy as a new exporter. It would be best for my…

Q: What geographic factors might influence the company's international business activities? (Kindly…

A: International business- It refers to the trade of products, services, capital, technology and…

Q: Describe the concept of Export Management Company (EMC) in your country.

A: An intermediary that helps producers sell their products to foreign importers is known as an export…

Q: Outline and explain what factors have contributed to the growth of Globalization in recent decades…

A: In general terms, globalization means the integration of different economies globally. Nowadays,…

Q: International trade improves overall economy of all the participating countries. Do you think this…

A: International Trade and global business operations definitely improve the overall economy of the…

Q: Advantages and disadvantages of using exporting strategy.

A: Exporting refers to a type of market entry strategy under which an organization decides to sell its…

Q: Explain in detail what are the potential problems that a foreign investor experience in an…

A: Though Joint Ventures can be created and take different forms for several purposes, a typical…

Q: Identify and explain any three risk factor barriers that commonly hinder a firm’s…

A: When businesses start trading between one country to another country it is known as international…

Q: When considering entering international markets, there are some significant strategic and tactical…

A: International business is a trade between two or more countries. It involves cross-border…

Q: what are some positive and negative country of origin items for China?

A: There are various manufacturing, production, and operations that are going on across the world.…

Q: Discuss the advantages and disadvantages of Exporting and Joint Ventures as the two possible mode of…

A: Entry modes We can say that where there are a variety of ways in which organizations can enter…

Q: Why would a company choose to work through intermediaries when selling products in a foreign…

A: Intermediaries can refer as independent firms that assist in the flow of goods and services from…

Q: Explain and give the examples of each type for Growth Strategies, Business Strategies and Strategies…

A: Setting objectives and targets, deciding actions to achieve the goals, and mobilizing resources to…

Q: What factors are considered to determine the overall export potential? Explain any two elements.

A: To export a product or start the business in exporting requires a lot of potential and various…

Question

Explain the steps and procedure to follow for a good export plan for a good product or service from your country of origin to other country.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.

Similar questions

what are the reasons to choose an export entry mode in marketing ?
What factors are considered to determine the overall export potential? Explain any two elements.
Present the advantages and disadvantages of the forms or modes of entry into the international or global market.The forms of market entry that you should consider are: export, import, subsidiaries, merger, acquisition, alliances (joint ventures), licensing and franchises.
Please pick one product which is not available in the United States and how it can be "localized/adapted" when it enters into the U.S. market and discuss why.
Your company has decided to introduce some of its products to the international market and you have been asked to prepare a report highlighting the advantages and limitations of international marketing. What information would you include in your report?
Worldwide sourcing of raw materials, components, finished goods andservices will continue to increase. Do you agree or disagree with thisstatement? Justify your answer with your research.
Are the basic functions of exporting and domestic selling the same?
Suggest the most suitable market entry mode for selling the Jamaican time and patience bakery bread in germany, e.g. exporting,licensing, franchising, joint venture, wholly-‐owned subsidiary, etc. Explain your rationalefor the choice of entry mode for your product in detail.
Consider complex global connections based on your own experiences. For example, what item from other part of the world did you buy for the past months? How does it arrived at the store, mall or sellers possession?
When considering entering international markets, there are some significant strategic and tactical decisions to be made. Each entry mode has different pros and cons, addressing issues like cost, control, speed to market, legal barriers, and cultural barriers with different degrees of efficiency. In this perspective, discuss any two methods of doing business internationally. You are also required to briefly discuss advantages and disadvantages. Use real life examples to support your answer.
Giving examples discuss how international marketing is quite challenging compared to domestic marketing.
Briefly discuss the international trade system in your own words