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DRIVE SPRING 2016
PROGRAM Master of Business Administration- MBA
SEMESTER 3
SUBJECT CODE &
NAME
IB0013
Export- Import management
1 What
are the various approaches to exporting? Explain the benefits of export?
Approaches
benefits
Answer: The various
approaches of exporting are classified as follows:
Golden Rule
The Golden Rule
primarily focuses on the initial approach of doing market research successfully
in the overseas
2
Explain the procedure for Establishing a Business Firm.
Procedure
Answer: Establishing a
Business Firm
I. Selection of the
name of the firm
An entrepreneur has
the freedom to select any name for his proposed business firm. However, since
it is proposed to start export business, it is desirable that the name should
convey the meaning that this firm is engaged in export/ import business. The
name should be simple, short and precise. Various words
3 What
are the Terms and Conditions of an Export Order?
Stag Terms and condition 10 10
Answer: Terms and
Conditions of an Export Order
The terms and
conditions of an export order would vary from order to order depending on the
nature of product, parties involved and so on. The following are the standard
clauses of an export order:
• Product and its
description
• Product
5 What
are the various types of commercial documents used in export trade?
Explain in detail.
Types of commercial documents 10
Answer: Types of commercial documents
Invoice: An invoice is
commercial document issued by a seller, indicating the product detail, quantity
and negotiated prices for product or service, the seller has to provide to the
buyer. It indicates sales detail (
6 What
are the Various Schemes Offered to Exporters?
types of schemes offered
Answer: Various
Schemes Offered to Exporters
Assistance to States
for Developing Export Infrastructure and Allied Activities (ASIDE) Scheme
Scheme for Assistance
to States for Developing Export Infrastructure and Allied Activities (ASIDE) is
formulated to involve the States in the export effort by providing assistance
to the States Governments for creating appropriate infrastructure for the
development and growth of exports. The Scheme is administered by Department of
Commerce (DoC). The objective of scheme is to establish a mechanism for
involving the State Governments to participate in funding of infrastructure
critical for
growth of
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