Global opportunities 3

• Economie

Chapter 4

Section 4.2:Ways to Enter the Global Market

Pages 85-93

Objectives

Describe importing and exporting

Compare importing and exporting

Discuss on import and export opportunities

Try this

Importing refers to

Exporting refers to

What is selling and shipping goods to another country?

1. Import
2. Selling goods
3. Buying goods
4. Export

Why do countries import goods?

Based on the video seen give the difference between imports and exports.

Which benefits your country exports or imports?

To find opportunities in importing, attend trade shows.

Read trade publications and catalogs that
show products available for importing and give you an idea of what  is available.

you must research the market

Talk to potential customers

Disposable
income is money people have to spend after paying for necessary  expenses.

What is money people have to spend after paying for necessary
expenses?

1. Gross Pay
2. Disposable income
3. Income
4. Commission

What are the reasons that some countries import goods from other countries?

One reason is that the low labor costs in other countries results in lower prices to U.S. consumers.

The second reason is that some products are found only in other countries

Exporting is a way to expand your business to a new market.

Exporting is more complicated than importing.

It also takes longer to make a profit exporting.

Why does it takes longer to make profit when exporting?

1. Businesses have to finance startups
2. Businesses have to buy products
3. Because businesses have to build relationship
4. Businesses have to know the goods for exporting

Why is exporting more complicated than importing goods?

Definition

A trade intermediary is an agency that serves as a distributor in a foreign country

A foreign joint venture is an alliance between an American small business and a company

in another nation.

An export management company is a business that handles all the tasks related to

exporting for a manufacturer in exchange for a commission

Freight forwarder, a business that handles overseas
shipments.

How using a trade
intermediary could help a
company spend less money to
do business in a foreign country?

Answer

The business would not have to pay to have employees 

learn the culture of the country.

Give the important points of the lesson