Author Question: What is an export management company? Why would an exporter hire an EMC? What are the two ways that ... (Read 84 times)

wenmo

  • Hero Member
  • *****
  • Posts: 540
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?


lindahyatt42

  • Sr. Member
  • ****
  • Posts: 322
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
 

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Medication errors are three times higher among children and infants than with adults.

For a complete list of videos, visit our video library