« previous next »

Author Question: What is an export management company? Why would an exporter hire an EMC? What are the two ways that ... (Read 70 times)

wenmo

  • Hero Member
  • *****
  • Posts: 540
on: Jul 7, 2018
What is an export management company? Why would an exporter hire an EMC? What are the two ways that EMCs operate?
 
  What will be an ideal response?

Question 2

What is a single-business strategy?
 
  What will be an ideal response?
International Business: A Managerial Perspective ¦ Griffin, Pustay ¦ 9th Edition
Buy Test-Bank


lindahyatt42

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jul 7, 2018
Answer to Question 1

An export management company (EMC) is a firm that acts as its client's export department. Most are small operations that rely on the services of a handful of professionals. An EMC's staff typically is knowledgeable about the legal, financial, and logistical details of exporting and so frees the exporter from having to develop this expertise in-house. The EMC may also provide advice about consumer needs and available distribution channels in the foreign markets the exporter wants to penetrate EMCs can act as commission agents where they handle the details of shipping, clearing customs, and documentation in exchange for an agreed-upon fee, or they can take title to the goods and resell them at a higher price.

Answer to Question 2

A single-business strategy calls for a firm to rely on a single business, product, or service for all its revenue.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Rules of Impression Management Rules of Impression Management
Principles of time management Principles of time management
Operations Management question: Operations Management question:
Chemicals can adversely affect personal protective equipment (PPE) in three ways: They can permeate ... Chemicals can adversely affect personal protective equipment (PPE) in three ways: They can permeate ...
Waste Generation and Management Waste Generation and Management
One of the best ways to reduce your chances of catching a cold One of the best ways to reduce your chances of catching a cold
Video: Cellular Respiration & Glucose Mobilization (Glucose transport & Phosphorylation of Glucose)

For a complete list of videos, visit our video library