INBS 346--Chapter 16, Ball et al(1)

INBS 346--Chapter 16, Ball et al(1) - Chapter Sixteen...

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Unformatted text preview: Chapter Sixteen Chapter Sixteen Export and Import Practices 1-2 16-2 Why Export? Why Export? h Firms export 1 to serve markets where the firm has no or limited production facilities 1 to satisfy a host governments requirement that the local subsidiary have exports 1 to remain price-competitive in the home market 1 to test foreign markets and foreign competition inexpensively 1-3 16-3 Why Export? Why Export? h Firms also export 1 to offset the domestic markets cyclical sales 1 to achieve additional sales 1 to extend a products life cycle 1 to respond strategically to foreign competitors 1 to achieve the success the firms management has seen others achieve 1 to improve the efficiency of manufacturing equipment 1-4 16-4 Major Reasons Not to Export Major Reasons Not to Export h Firms may not export 1 if they are preoccupied with the vast american market 1 if they are reluctant to become involved in a new, unknown, risky operation 1 if they lack knowledge about international markets 1 Identification of foreign markets 1 Payment and financing procedures 1 Export procedures 1-5 16-5 Sources of Export Counseling Sources of Export Counseling h Firms can get export counseling from 1 the trade information center (TIC): the federal governments first stop for information 1 the International Trade Administration (ITA) 1 Market Access and Compliance (MAC) 1 Trade Development 1 U.S. and Foreign Commercial Services (US&FCS) 1-6...
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This note was uploaded on 12/17/2010 for the course INBS 346 taught by Professor Ike during the Fall '10 term at Montclair.

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INBS 346--Chapter 16, Ball et al(1) - Chapter Sixteen...

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