Import Export
Importing and Exporting: Financial Plan and Risk Assessment
Promotion Mix
Advertising will consist of distributor-oriented materials and programs for the local market and the sale of the imported coffee, while in the foreign market for the exported cotton the focus will be on specific manufacturers. Quality and price will be important factors for both products and markets, with sales promotions achieved through ongoing competitive efforts and product samples rather than specific promotional periods or programs. This will help to establish long-term and trusted relationships without the potential pitfalls of more complex variations and changes in sales promotions strategies, which is ideal when the selling mode is wholesale rather than retail focused (Ireland et al., 2005).
Letter of Credit as Possible Payment Method
Using letters of credit as the method of payment for both import and export transactions is in keeping with standard practices in international trade, and will provide the greatest amount of security and assurance possible for all parties involved (Ireland et al., 2005). Given the amount of business conducted between the United States and Brazil and the solid relationships between large-scale financial institutions in both countries, obtaining trusted and valid letters of credit for the international trades should not be difficult. For transactions between local buyers/sellers and the local import/export companies in each country, other methods of payment that are more efficient and less complex might be ideal, and would be more in keeping with standard practice (Ireland et al., 2005).
Importer Checklist
The coffee that is being imported as a part of this proposed strategy has been selected as the import product largely for the convenience factor; it is easily available in varying quantities in Brazil, which has already been selected as the target for the exportation of the domestically purchased cotton, and is easily saleable in the United States due to high volumes of consumption (ICO, 2011). As the product is a consumable good, there will also be a constant demand for the imported coffee with...
Export Business Plan: Moldovan Cellular Phones Purpose-Why has the plan been written? The plan has been written in order to guide our mobile phone export business. Cell phones in Moldova are rapidly overtaking land phones as many cellular phones now provide Internet access and cell phone computers. SMS, MMS and broadband are becoming standard features on cell phones. Nonetheless, mobile phones are expensive in Moldova and not everyone can afford them. Furthermore,
Exchange Rate Trends: The Canadian dollar has been consistently, slightly less valuable than the U.S. dollar for many years and is poised to stay that way. The opportunity for exchange goods and production has remained rather high for this reason. "Canadian dollars per U.S. dollar - 1.3015 (2004), 1.4011 (2003), 1.5693 (2002), 1.5488 (2001), 1.4851 (2000)" (CIA World Factbook "Canada," 2005, NP) Import Restrictions: Import restrictions in Canada are relatively low, as a
Export Plan for Annie's, Inc. Cheddar Bunnies SITUATION ANALYSIS Description of the Firm Description of the Product Competitive Situation in the Industry Resources to be used EXPORT MARKETING PLAN Long-term and Short-term Goals Characteristics of Ideal Markets Characteristics of the target market Economic Overview Demographic and Socio Cultural Trends Market Position of USA Competitive Analysis EXPORT STRATEGIES Product Pricing Strategy Marketing and Promotional Strategies Action Plan The company aims at exporting its cheddar bunnies to exploit the market of Mexico. The organization aims at increasing its sales by 5%
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39 It was against this background that ASEAN Foreign Ministers during their retreat at Cebu in the Philippines in April 2005 decided to lay down three main criteria for the membership of the EAS: 1. Substantive relations with ASEAN; 2. Full Dialogue Partner status; and 3. Accession to the ASEAN's Treaty of Amity and Co-operation. The Foreign Minister of Singapore had stated that, India obviously qualifies on all three counts
3.2.3 Portfolio Diversification of Investment in Global Property Markets Because the global property markets are affected by globalization and specific country / regional factors, means that the overall amounts of risks will vary, the most notable include: transparency and efficiency. Where, each country / region has different on laws and regulations pertaining to the real estate markets. This means that the risks in a number of different markets will depend upon
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