Professional Documents
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Business
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15e
Daniels
Radebaugh
Sullivan
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Chapter 14
Export and Import
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Learning Objectives
Explain the idea of exporting and profile its
elements
Explain the idea of importing and profile
its elements
Evaluate the relative benefits and
drawbacks of the export and import of ewaste
Describe the problems and pitfalls that
challenge international traders
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Learning Objectives
Define the idea of an export plan
Discuss the practice of countertrade
Describe the resources and assistance for
international traders
Identify and discuss the platforms that
support expanding international trade
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Introduction
Exporting and importing are the most
common modes of international business
Exporting and importing are one of the
fastest growing activities in the world
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Introduction
Environmental Factors Influencing Export and Import Operations
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Exporting
Learning Objective:
Explain the idea of exporting and profile its
elements
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Exporting
Exporting
Types of exporters
Non-exporter
Occasional exporter
Regular exporter
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Exporting
Entry mode is influenced by
Ownership advantages
Location advantages
Internalization advantages
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Characteristics of Exporters
Size
Large
Small and medium-sized enterprises
(SMEs)
Management commitment
Efficiency
Cost structure
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Why Export?
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Exporters: Initiation
and Development
Two approaches
Incremental internationalization
exporting is a learning process
Born global
instant internationalization
global focus
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Exporters: Initiation
and Development
Top Trade Partners of the United States: Exports and Imports
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Approaches to Exporting
Direct exporting
involves independent representatives,
distributors, or retailers outside of the
exporters home country
Indirect exporting
products are sold to an intermediary in the
domestic market, which then exports them
Passively filling orders from domestic buyers
who then export the product
Selling to domestic buyers who represent
foreign end users or customers
Copyright 2015 Pearson Education, Inc.
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Importing
Learning Objective:
Explain the idea of importing and profile
its elements
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Importing
Importing
Types of importers
Input optimizers
Opportunistic
Arbitrageurs
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Why Import?
Reasons
to import
Specialization of labor
Global rivalry
Local unavailability
Diversification
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Export intermediaries
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Customs agents
Customs brokers
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Freight forwarders
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Export plan
identifies useful resources, assigns
responsibility, and stipulates controls
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Countertrade
Learning Objective:
Discuss the practice of countertrade
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Countertrade
Countertrade
Costs
Benefits
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Countertrade
Common Types of Countertrade
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Technology and
International Trade
Online platform
Software platform
Logistics platform
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