Assignment on Modes of International Business Operations
DEFINITION OF 'EXPORT
A function of international trade whereby goods produced in one country are shipped to another country for future sale or trade. The sale of such goods adds to the producing nation's gross output. If used for trade, exports are exchanged for other products or services. Exports are one of the oldest forms of economic transfer, and occur on a large scale between nations that have fewer restrictions on trade, such as tariffs or subsidies
Example: Powertax fashion,GK Enterprise,Cotton Line International
DEFINITION OF 'IMPORT'
A good or service brought into one country from another. Along with exports, imports form the backbone of international trade. The higher the value of imports entering a country, compared to the value of exports, the more negative that country's balance of trade becomes.
Example: Hamim Distribution ( Iphone & Ipads)
Advantage and Disadvantage of Export and Export
Cost Reduction
Manufacturing garments and accessories in developing countries can offer fashion-related companies opportunities to cut fixed costs through reductions in the price of production labor. Overseas employers pay lower wages based on local standards of living, abusive practices toward their workers or both. Vertical integration within some manufacturing firms enables them to control entire production processes from textile agriculture through finished goods, lowering costs in comparison to producers who must purchase raw materials. If your company imports its fashion merchandise from offshore firms or uses offshore production, you must verify that your trading partners offer cost savings without engaging in practices that violate human rights in field or factory.
Product Quality
For a company that sends its manufacturing work overseas, monitoring a production line from afar poses challenges ranging from travel time and costs to language barriers. Likewise, producing goods for a distant client can complicate the steps involved in clarifying and
A function of international trade whereby goods produced in one country are shipped to another country for future sale or trade. The sale of such goods adds to the producing nation's gross output. If used for trade, exports are exchanged for other products or services. Exports are one of the oldest forms of economic transfer, and occur on a large scale between nations that have fewer restrictions on trade, such as tariffs or subsidies
Example: Powertax fashion,GK Enterprise,Cotton Line International
DEFINITION OF 'IMPORT'
A good or service brought into one country from another. Along with exports, imports form the backbone of international trade. The higher the value of imports entering a country, compared to the value of exports, the more negative that country's balance of trade becomes.
Example: Hamim Distribution ( Iphone & Ipads)
Advantage and Disadvantage of Export and Export
Cost Reduction
Manufacturing garments and accessories in developing countries can offer fashion-related companies opportunities to cut fixed costs through reductions in the price of production labor. Overseas employers pay lower wages based on local standards of living, abusive practices toward their workers or both. Vertical integration within some manufacturing firms enables them to control entire production processes from textile agriculture through finished goods, lowering costs in comparison to producers who must purchase raw materials. If your company imports its fashion merchandise from offshore firms or uses offshore production, you must verify that your trading partners offer cost savings without engaging in practices that violate human rights in field or factory.
Product Quality
For a company that sends its manufacturing work overseas, monitoring a production line from afar poses challenges ranging from travel time and costs to language barriers. Likewise, producing goods for a distant client can complicate the steps involved in clarifying and