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Showing posts from December 29, 2016

Introduction to Exporting - Part 1

1. ASSESSING YOUR EXPORT POTENTIAL Exporting The globalization of the world’s economies has been proceeding rapidly since the early 1990s. Many companies that once used little but domestic materials and labor to manufacture their products or services now go to markets abroad to acquire the resources they need. These developments, coupled with the steady dismantling of trade barriers around the world, have opened up the global marketplace to an unprecedented degree. There are several good reasons would a company that’s already doing well consider becoming an exporter. These reasons including as below: Increased Sales —if domestic sales are good, exporting is a way to expand your market and take advantage of demand around the world. You may also find foreign niche markets where your product is rare or unique. Higher Profits —if you can cover fixed costs through domestic operations or other types of financing, your export profits can grow very quickly. Economi