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National
Institute of Business Management
Chennai -
020
EMBA/ MBA
Export and
Import management (Part -1)
Attend any 4
questions. Each question carries 25 marks
(Each answer
should be of minimum 2 pages / of 300 words)
Q. 1. A
country must export in order to be able to import. But how can it find out how
much it needs to export? How can it plan its export? Explain.
Answer:As you can imagine, many foreign
markets differ greatly from the United States. Some differences include
climatic and environmental factors, social and cultural factors, local
availability of raw materials or product alternatives, lower wage costs,
varying amounts of purchasing power, the availability of foreign exchange, and
government import controls. Once you have decided that your company is able and
committed to exporting, the next step is to develop a marketing plan.
A clearly written marketing strategy offers
six immediate benefits:
Q. 2. What
is Exporting? In order to accomplish this, an exporter must do what any seller
must do, whether he is marketing his products in his own country or abroad.
Explain.
Answer:The term export means shipping
the goods and services out of the port of a country. The seller of such goods
and services is referred to as an "exporter" and is based in the
country of export whereas the overseas based buyer is referred to as an "importer".
In international trade, "exports" refers to selling goods and
services produced in the home country to other markets.
Export
of commercial quantities of goods normally requires involvement of the customs
authorities in both the country of export and the country of import.
Q. 3. As
an international trader, you’re an intermediary in the buying and selling, or
importing and exporting, transaction. Therefore, you have to determine not just
the price of the product, but the price of your services as well. These two
figures are separate yet interactive. Explain.
Answer:
Q. 4. What
are the things to consider before exporting your products? Discuss.
Answer:Businesses export their products
and services for many different reasons, but generally, the benefits that can
be achieved through exporting are:
·
Promote business growth
·
Exploit technology and expertise
·
Enhance competitiveness
·
Improve return on investment
As
with everything relating to business, exporting has its own share of risks
involved. Prior to any commitment, you should be fully aware of these potential
risks and develop contingency plans that can be implemented should they occur.
Some typical areas of risk in exporting include:
Q. 5. Why
foreign government impose product regulations that are common in International
Trade and are expected to expand in the future. These regulations can take the
form of high tariffs, or non-tariff barriers, such as regulations or product
specifications. Explain.
Answer:
Q. 6. Explain
SAARC Agreement for Preferential Trading Arrangement.
Answer:The South Asian Free Trade Area
(SAFTA) is an agreement reached on 6 January 2004 at the 12th SAARC summit in
Islamabad, Pakistan. It created a free trade area of 1.6 billion people in
Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka (as of 2011,
the combined population is 1.8 billion people). The seven foreign ministers of
the region signed a framework agreement on SAFTA to reduce customs duties of
all traded goods to zero by the year 2016.
The
Agreement on SAARC Preferential trading
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