Introduction to Export-Import Management Assignment

Chapter 1:
Introduction to Export-Import Management
 Definition
─ International Trade
─ Export
─ Import
─ Export Management
─ Import Management
 Modes of Entry for International Markets
 Scope of Export Management
 Functions of Export Manager
 Problems in Export
 Business partners in export-import trade
 Business processes and business transactions in international
trade
 International Trade Theories

 Definition: Export, Import
International Trade
“International trade is when one country trades with another, also known
as importing and exporting goods” (International trade, 2019).
Export
Export is a function of international trade by which goods produced are
shipped from producing country to another country (Segal, 2019).
“Exports are the goods and services produced in one country and
purchased by residents of another country’’ (Amadeo, 2019).
Import
Import means buying or acquiring goods from outside the country.
Import means in national accounts as the change of ownership of goods
from non-resident to resident (“Import”, 2019).

 Definition: Export
Export Management
Export management is the managerial process of securing and
executing export order as per agreed norms of quality, terms and
conditions (“Export Management”, n.d).
Import Management
Import management refers to all activities of determining strategies
for collecting goods or services from abroad conforming to the rules
and regulations of the country as well as the demand of the
products or services concerned of the local/home market.

 Modes of Entry for International Markets
There are five common foreign entry modes:
 Exporting,
 Licensing and Franchising,
 Partnering and Strategic Alliance,
 Acquisition, and
 Greenfield Venture/wholly owned subsidiary
(International-Expansion Entry Modes, n.d.)