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Tapping into New and International Marketing

   

Added on  2023-01-13

4 Pages1561 Words41 Views
Tapping into New and International marketing
Trading overseas refers to a procedure that relates with importing and exporting of
services as well as goods in global business environment. Within context of this
brochure organisation is able to build better understanding with those ways that is
used to export business. Moreover, brochure also provides positive and negative
methods for exporting and importing business along with their comparison within
merchandise. Along with this method to enter into international market is also
covered in this report.
Importing work as the procedure that is used to import products as well as
services from other economic of countries. This refers to enhance local economy
of country by maintaining balance trade and bringing new as well as exciting
products. Some advantages related with the procedures is mention as follow:
Products are procured at the low cost and then sale products at high prices
to attain high profits by developing high margin in products.
Small business procures raw-materials, labour, machines etc. at lower
cost for initiating products that will reduces cost for manufacturing.
Several countries provide facility of tax concession that is used by small
business to procure high quality of goods with lower rate and taxation.
UK is a well-developed country that provides supports to small
companies for establishing business by performing importing and
exporting activities in proper manner that enhance business operations at
global level.
Some demerits that are related with procedure of import also mention as
underneath:
Organisation tend to import goods as well as services with other nation
due to which problems related with unemployment is increases. Like
local country labour will be demotivated because production will be
completed by engaging labour of other countries.
Business face several challenges that are related with tax such as GST is
impacting on the profits margin due to business operations are impacted
effectively.
Trading overseas Advantage and Disadvantages relates with import of business
Tapping into New and International Marketing_1
Tapping into New and International marketing
Advantage and Disadvantages relates with export of business Direct and indirect supporting of business
The term exporting work as a procedure by which organisation and nation sale
their products to foreign countries for earning better revenue. This also helps
countries to generate and maintain economy at stable rates. Benefits of this
concepts are mention as follow:
With increasing the market share by exporting goods it is easy for
organisation to gain huge market share which also increases profits of
organisation.
Business also perform their work by increasing their sales in order to
increase profits through exporting their products into high value currency.
Organisation is also able to increase their local market share by fulfilling
seasonal demands of consumers.
Apart by the above benefits it is analysed that there are several restrictions related
with export of business is mention as follow:
Most of the business are facing financial danger because price is impacted
if economy of exporting country is impacted.
Licensing documentation refers to those process that is exporting and
restricts business to enter into international market.
Concepts related with export are broadly divided into two different categories that
are direct and indirect supporting of business. It helps for procedure to export
specific services by developing the framework in effective manner such as
sequential approach. Direct exporting allows to sale products directly to end
consumers. So it saves cost from intermediator that directly increases profits for
organisation. Moreover, indirect exporting refers to sale products and services to
intermediator of a selected country. This method is used to sale products with low
risk but it also increases part for sharing profits that reduces direct profits for
organisation.
The above mention deals that are related with importing and exporting is secured
by organisation through accomplish right license from government. Therefore,
with all essential documents such as letter of credit, packing list, terms of
payment etc. management is able to formulate license for business.
Tapping into New and International Marketing_2

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