Define the difference between an Export Management Company and an Export Trading Company. Explain why a firm would want to use either
Often, a firm wishes to sell its products in a foreign market but lacks the resources to conduct the foreign business itself. An export management company (EMC) can supply the expertise such firms need to operate in foreign environments. EMCs act as agents for domestic firms in the international arena. Their primary function is to obtain orders for their clients' products by selecting appropriate markets, distribution channels, and promotional campaigns.
An export trading company (ETC) exports goods and services. The ETC locates overseas buyers and handles most of the export arrangements, including documentation, inland and overseas transportation, and the meeting of foreign government requirements. The ETC may or may not take title to the goods.
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While some food preferences remain deeply embedded in culture, there is plenty of evidence that global dietary preferences are converging. Examples of such a change can be predicted from the:
A) popularity of Domino's Pizza in Italy. B) preference for local hamburgers from a local chain, Jollibee's, in the Philippines. C) growing number of McDonald's restaurants globally. D) increased sales of soups and noodles in Thailand. E) popularity of Chinese foods in Taiwan.
One-time costs include operating and maintenance costs
Indicate whether the statement is true or false
Joshua and Alyssa dated for two years before deciding to get married. Joshua gave Alyssa a $20,000 diamond ring on the occasion of their engagement. Two months later, Joshua called off the engagement without giving Alyssa a valid reason. Under the traditional rule that uses a fault-based approach, ________.
A. the ring must be sold and the proceeds divided between Joshua and Alyssa B. Alyssa must return the ring C. Alyssa may retain the ring only if she pays its fair value to Joshua D. Joshua cannot recover the ring
The most important ingredient of a press release is ________; articles that merely plug products often get thrown away or remain unread
Fill in the blank(s) with correct word