ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
EXPORTING AND IMPORTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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arranging transportation
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licencing
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trade restrictions
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locating markets
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Detailed explanation-1: -Inexperience With Border Control And Distribution Laws. Customs clearance, unforeseen tariffs, a check of compliance with local rules and regulations-these are just some of the problems that may appear before the goods even enter the market.
Detailed explanation-2: -Challenge 1: Inadequate infrastructure. Challenge 2: Low credit access. Challenge 3: Document-heavy process. Challenge 4: Trade barriers. The solutions. 02-Aug-2021
Detailed explanation-3: -Researching potential markets. Check out documentation on exports of products and services identical to yours (government websites, statistics, existing market research). Assessing target markets. Analyze demand and need changes, potential buyers and socio-economic data.
Detailed explanation-4: -Foreign exchange risk. There is the danger that there will be a sudden large change in the currency exchange rate. Piracy risk. Even if rare, this possibility must be considered. Political risk. There are many scenarios where this may be a hindrance. Legal risk. Cultural risk.