Adequate research is imperative to starting and setting up an export/import business. Vital information about the expenditure and the procedures involved can be gained from thorough online research. Any import/export business can be set up as a sole proprietorship, partnerships or a corporation. Every country has its own set of laws on this. A business license is one of the foremost requirements and you need to check with the local government agencies about licensing and tax requirements before you venture out.
There may be restrictions imposed on certain import/export activities for particular products/ services in different countries. Hence, viability of ...
Import Case Studies Samples For Students
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There are various trade barriers in the food retail industry in the United Arab Emirates. Most of these trade barriers are usually directed to the foreign multinational companies trying to enter the market. The first barrier is the food standards set by the United Arab Emirates. In the year 2008, UAE joined the gulf standards, which is an organization that develops the various food standards (Anderson et al., 2010). The organizations set standards and rules relating to labelling standards and shelf life. These regulations are normally made possible through the various committees such as the organic food and biotechnology ...
(Insert institution name)
The Labatt brewery was a well-established brewery in Ontaria, Canada, owned by John Labatt. The case study discusses Labatt’s expansion into Chicago, USA and consequently his retreat. In the first part of the case we discuss the various factors which led to Labatt’s decision to make an entry into the US market. The major push factor responsible for this decision was the incessant price-cutting of beer in the Canadian market which led to declining profits for Labatt. The major pull factors for Labatt were the market size in America and the potential profits & prestige ...
Introduction
In this paper a case study of US Steel industry has been presented to study the business and management concepts and theories applied in the industry. In this particular case study the problems faced by the industry have been described to make a conclusion of the organizational activities. At the same time the determination of the problems in not enough, the way the problems have been solved can be termed as an integral part of this paper. The activities and measures taken to redeem the problems are very essential to describe as well. Therefore the alternative measures are needed to be ...
Business operations are usually subject to various forces including the external factors that businesses have no control over. In that respect, businesses need to devise suitable strategies as a means of responding to the forces’ influence. That is applied as a means of enhancing firms’ performance and sustainability. With that view, this case analysis seeks to demonstrate how a region or a country’s economic aspects affects industries and businesses in terms of performance, value and strategies.
Synopsis and objectives
International trade is a key focus for countries in their bid to enhance growth and embrace globalization. In that respect, trade liberalization is increasingly becoming a crucial tool ...
The south Florida Jewish gastric center is a medical institution that already has presence in four foreign countries. In addition, the medical institution plan to open another 25 oncology centers outside the united states of America. This report directed to the CEO aims unfolding some of the issues which needs to be resolved before the program can be implemented to import new patients and residence. Some of the issues to consider before the program is implemented to import new patients include:
Accommodation; accommodation is very important factor which should be considered before a medical program is implemented to import new ...
Introduction
Fiji Water Company has experienced several challenges especially in 2008. The company struggled in achieving a carbon reduction in its emission levels at its production plant. Further, there were carbon emission levels that were experienced in its transportation of products. This made it difficult for the company to convince the consumers and stakeholders of its dedication in reducing its carbon production. The company’s title as a leading company, in environmental concerns involving activities such as carbon footprint disclosure created doubts among its consumers and stakeholders alike.
The company has also faced environmental protests in several markets it has tried ...
Cheung Yan’s firm’s dominance did not really start from nothing. It emerged from his idea of turning waste paper into high quality packaging materials. She knew that most, if not all, businesses that have a sales component in it have to rely on a stable supply of packaging materials in order to release the orders of their customers and that those firms have to look for cheaper packaging material alternatives in order to promote business profitability and sustainability. She capitalized on that idea. It can then be argued that her strategic management strategy is one that is ...
The paper has been developed in a case study of Tata Motors, Ltd, India’s principal multi-holding automobile manufacturer. Tata Motors, Ltd was established in 1945 and since the very beginning of its journey; the organization has made significant business growth through acquisition, joint venture strategies and introducing personal as well as passenger vehicles in the dynamic market. The automobile manufacturing company has made an efficient market breakthrough in commercializing private Indian cars such as Tata Indica and Tata Indigo. In the case of latest development Tata Motors, Ltd has launched world’s cheapest automobile, Tata Nano. Apart from ...
Problem statement
Any company or individual planning to import any products or materials from overseas, use foreign manufacturers or outsource work from abroad, it is ethical recommended to consider the working conditions of people involved in the sourcing and production of the products and raw materials. There is increasing concern among customers on ethical practices involved in the production and importation process of products and services. Using the utilitarian view, this paper attempts to analyze the ethics of importing, purchasing, and using Apple iPhone 4S in Canada. The iPhone 4S has been marred with many problems including abhorrent working conditions at ...
UPS and Twitter
Question 1: UPS
One way that UPS uses technology to gain a competitive edge is by providing its clients with solutions that would enable them to easily and quickly manage their shipping needs, especially if they regularly ship in bulk. These tools automate the supply chain management process such that the gathering, tracking, and maintenance of the different logistics necessary for delivering the output no longer need to be performed manually. This results in the faster and more efficient delivery of products and services, which in turn results in increased customer satisfaction (UPS, 2012).
Examples of these solutions are ...
Business Ethics
In the United States, drug companies enjoy a high-profit margin. It means that when purchasing different commodities, Americans incur high costs, unlike Canadians or Europeans. The drug industry has been noted as the most profitable sector in the economy in the last two years. The United States drug prices do not indicate a fair and competitive market since they sell only a handful of essential drugs with the aim of establishing a top selling market (Williams, 1985). Pharmaceutical companies have ethical responsibilities that contrast with that of small biotechnology organizations regarding research and innovation. For instance, CV Therapeutic is ...
Tourists Relationship with Food and Drinks
Introduction
According to Dale (2006, p.2), tourism involves activities of people travelling to take vacationsin places that are outside their typical environments. These vacations do not exceed one consecutive year. Tourism is driven by several factors such as leisure, business, or any other purpose (Dale, 2006 p.2). The definition indicates that tourists move away from their usual homes to a destination where food, drinks, and culture are different.Food and culture are strongly linked. Food choices reflect the identity of the eater (Hurh and Kim, 1998 p.72). Human beings tend to adhere to taking familiar foods and drinks because of ...
Introduction
International trade, which involves an exchange of goods and services across the geographical boundaries of a country, is one of the major determinants of the economic stability of a country. The volume of trade indicates the effect of trade on the economies of the participating countries. The economy of the United Kingdom has continuously experienced expansion despite the presence of rampant unemployment and inflation until the 2008 recession. This resulted from the failure of the government to take actions to correct economic instabilities (Washington et al. n.p).
The relative value of currency between countries involved in exchange is essential ...
Dealing with import glitches
In the first situation, the only thing is to stay calm and try to explain it to the customers and to find out whether it is possible to speed up the custom clearance. It is highly probable that to do so personal attendance is needed, but is even more important the documents. In future, I would place an order in advance and store the goods for one or two additional weeks.
In the second situation, a customer complaint must be sent to the supplier with clear indication of the quality issue. I would not risk trying to remove odor ...
Management and Leadership
Part 1: Theory and reviewSection 1: Introduction
There are two major views regarding contemporary management and leadership. The first is the personality perspective. In this perspective, the major influence of the leader is shaped by his power to influence other individuals towards achieving some goals. Therefore, the leader uses special traits that serve as bait and amalgamation for these individuals to work towards some common objectives. The other view is the behavioral aspect. In this case, the leader selects some tools that are directive, participative, and achievement oriented. The basis for selecting these tools is the needs of ...
International Business - H&M
H&M is ranked as one of the world’s largest clothing companies and is based in Stockholm, Sweden. As a clothing industry, the company has to ensure it captures the latest fashion trend in order to match the market demand for clothing industry. This is crucial because today’s customers tend to be trendy in terms of the type of clothes they wear. Given the changing dynamic of the fashion culture, the industry has to be cost effective in terms of their production to keep up with the customer’s demand. H&M is large clothing industry, which means it has ...
Sources of currency values
These currency values have been obtained from several sources. The first source is Bloomberg. This site offered the values of these currencies for comparison purposes. There was a need for computation and conversion in order to obtain accurate values. Bloomberg offers currency values for international financial markets (Watson, 2013). The other source for these currency values is yahoo finance. This platform provides currency values on a historical trend basis. It provides charts and trends depiction for a clear and illustrative comparison. Yahoo Finance has been a key source for financial values; aiding financial analysts in their analysis (Elliott, 2012). The final source for ...
Summary of Main Issues Discussed within the Case Study
Further, the author talks about OPT contracts and how they have been beneficial to countries located within Europe. OPT contracts refer to agreements through which firms within the Euro Zone are protected from stiff competition from other regions such as China due to the production costs differential. One of the privileges they enjoy is the freedom to export temporarily. One of the countries that have gained from OPT agreements is Romania, which is one of the poorest countries in Western Europe. This is because OPT agreements led to a significant increase in the orders made from Europe. This in turn ...
Finance
1. What are the advantages Blades could gain from importing from and/or exporting to a foreign country such as Thailand?
ANSWER: The cost of rubber and plastics i.e. the basic inputs for Blades Inc. in Thailand is very cheap and by importing inputs from Thailand, Blades Inc. will get an opportunity to reduce its cost of production. The reduction in the cost of production will directly benefit the company in increasing its profits and the lower cost of production will also increase the competitiveness of Blades Inc. With the increased competitiveness, the company can beat its competitors. Not only ...
Question 1: Is it the right time to think about expansion? Why?
The Jabwood International Company should think about expanding its functions into other foreign countries now due to the present circumstances that have been experienced of late. The company relies mostly on the sale of TANITA wood products of which it has exclusive rights to distribute the products to the Middle East companies. The exclusivity however is about to be jeopardized with the low returns that has been experienced. The trading company in Russia wishes to remove the exclusive rights of Jabwood International and allow other trading companies from different countries the chance to distribute the products. The Jabwood International ...
Introduction
Managerial ethics requires that a proper management system should always aim at reducing the cost of production to maximize on their profits. This is the most possible way of enlarging on the profit margin, even though other companies would use other methods to increase on their profits. Linear programming model is a tool used in operation management to be able to maximize on production subject to certain constrains. In the case study; Nissan battery electric vehicle, we target to use these managerial models to determine on the achievable managerial targets by the company.
Discussion and calculation
Taking into consideration the production capacity for the ...
H&M
The case describes the state of the fashion and textile industry, with particular orientation to the European market, and a Swedish company H&M. The discussion involves the merits of sourcing short lead time “fast fashion” clothes from either Romania or Asia.
Years of politically-motivated quota restrictions distorted the normal market processes. These restrictions, called the Multi Fibre Agreement (MFA), were phased out in 2005. The MFA phase out gave new opportunities to formerly excluded countries like China, at the expense of formerly protected countries. Under MFA, there was an exception that benefitted countries like Romania, which did not ...
India on the Move
India is a diverse land which is although enriches with resources but still faces the issues of slow economic growth and unemployment. The country got freedom in the year 1947 and since then financial controllers of this developing country have been making every possible effort to increase the pace of growth and prosperity. In the meantime, India has suffered a financial collapse, abandoned import substitution, and also moved very slowly to adopt the Washington Consensus. The turning point came in the year 2003 and after that it seems that there is now not any stoppage to the fiscal pace. But the ...
Thailand with a population of close to 70 million people and ranked 50th in terms of global land mass is a relative small country economically. On the brighter side of things it is the second largest economy in South East Asia, a member of the new tier. Over the last 45 years, the Thai economy has undergone a substantial transformation. Agriculture was the largest sector in terms of contribution to the GDP though there was an active contribution from the non agricultural sectors as well. The winds of change were seen during the early 1990’s when the Japanese took a labour intensive approach ...
How the Developing Market Escaped the Debt Trap
1.0 Introduction
The debt crisis between the years 2007 and 2008 had huge impacts on the performance of many economies across the world. This saw many industries in such economies collapse while others report very poor performance as a result of lack of funds to invest in them. This is because many people who had funds were afraid of losing their hard-earned money were they to invest it in the various industries. Moreover, people had lost confidence in the financial institutions and were therefore afraid of investing any funds in such sectors for fear of losing their investments. This ...
A.
This case is about morals and employer versus employee conflict of interest. Its focal point is twenty eight years old, Elaine Hunt--a recently promoted senior financial manager--whose husband, Dennis is involved in export-import business. Being in charge of ten branch loan office managers, Elaine Hunt is charged with the responsibility of signing–off loans well over $500,000. Nonetheless, the signing off of larger loans must be authenticated by the United Bank Cooperation’s vice president. The case focuses principally on conflicting morals. It is evident that Elaine Hunt makes several financial business decisions which are impacting ...