Global Perspectives for International Business
For This, as usual 3 different postings.
Exporting (graded)
Imagine that you start a successful high-end tennis shoe business and you want to explore exporting your shoes to other countries.
- How do you collect information on export opportunities?
- What would be the first steps you should take in short-listing your potential export markets?
- How do you collect information on export opportunities?
- How can you reduce the financial and payment risks to your firm when exporting?
Class,
Exporting is just one of a range of strategic options for profiting from international markets. However, exporting involves specific nuts and bolts of how to export. It is not just for large enterprises; many small firms have benefited significantly from the moneymaking opportunities of exporting. The volume of export activity in the world economy is increasing as exporting has become easier. The gradual decline in trade barriers under the umbrella of GATT and now the WTO (see Chapter 5) along with regional economic agreements such as the European Union and the North American Free Trade Agreement (see Chapter 8) have significantly increased export opportunities. At the same time, communication and transportation technologies have alleviated the logistical problems associated with exporting. What are the risks in exporting? Discuss with your classmates (one full paragraph). Research (one full paragraph to support your ideas. Source using proper APA format.