ECON 220 Unit 4 DB

ECON 220 Unit 4 DB - ECON 220 Unit 4 DB Cheri Bolin May 20,...

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ECON 220 Unit 4 DB Cheri Bolin May 20, 2011 Import is defined as; to bring in merchandise, commodities, etc. from foreign countries for use, sale and processing. Export is defined as; to ship commodities other countries are places for sale, exchange, etc. One example of an imported and exported product is women's swimwear and undergarments. The functions of, import and export business’ is to ensure a diverse market of products, regardless of geographical limitations. To well-known companies that operate in import – export is Wal-mart and Sears department store. Companies that operate as import for exporters ship products to meet the demands of consumers. Importing and exporting helps provide lower-cost by shifting resources to existing suppliers (Beaudoin, P., Moore, M., & Goldsmith, R., 1998). Businesses that operate as import-export to utilize international shipping, air mail and inventory control through industry standards, which were unavailable prior to Globalization of trade. Many businesses possess the necessary skills
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This note was uploaded on 12/10/2011 for the course ECON 220 taught by Professor Dr.leo during the Spring '10 term at AIU Online.

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ECON 220 Unit 4 DB - ECON 220 Unit 4 DB Cheri Bolin May 20,...

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