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.
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