ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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trade intermediary
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foreign joint venture
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export management company
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freight forwarder
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Detailed explanation-1: -Export management company. A foreign or domestic company that acts as a sales agent and distributor for domestic exporters in international markets.
Detailed explanation-2: -The Bureau of Industry and Security (BIS) regulates exports of most commercial items and some defense items through the Export Administration Regulations (EAR). Many companies are looking for information about foreign markets as possible opportunities to enter for their product.
Detailed explanation-3: -Export managers serve as intermediaries between foreign buyers and domestic sellers. Unlike export traders, who buy the products before selling directly to foreign buyers, export managers find buyers internationally for domestic product manufacturers . Export Manager is a key person.
Detailed explanation-4: -Types of Export Business Export businesses can mainly be classified into three categories: Manufacturing – Export Units, Export Traders and. Service Export Units.