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DRIVE - winter 2016
PROGRAM - Master of
Business Administration- MBA
SEMESTER - Semester
3
SUBJECT CODE &
NAME - IB0013 Export- Import management
BK ID - B 1907
CREDIT & MARKS
- 4 CREDITS, 60 MARKS
Q1. What are the
key processes involved in starting export business? 10
Ans:
key processes involved in starting export business: This section deals with the key
processes involved in starting an export business.
Identifying opportunities: It outlines the two phases of
market research used to identify and assess potential export markets:
firstly, local research to decide whether it is worth pursuing and secondly,
overseas research in the export country.
Preparing strategy: There is a need for preparing a
systematic strategy of export business based on the market as done
Q2. Explain in
detail procedure for the allotment of importer-exporter code number? 10
Ans;
Procedure for the allotment of importer-exporter code number: Application form in ANF 2A for
allotment of Importer-Exporter Code Number along with the following documents
should be submitted to the Regional Licensing Authority.
i)
Demand
Draft of Rs. 250/- evidencing payment of application fee in favour of the
concerned regional office of DGFT. Money can also be paid through
Q3. What are the
format and contents of an international export contract? 10
Ans:
Format and Contents of an International
Export Contract: The
contracts are based on the contents rather than the format of a contract which
spells out the terms and conditions. In particular:
• specific terms and conditions
pertaining to the product/products that are subject matter of sale/purchase
•
general terms and conditions
In the first group, quality and
specifications of the product are to be included. These would naturally differ
from product to product. It is essential that in the contract, detailed and
careful description is given about the characteristics, design and
specifications of the product. As far as general conditions are concerned, the
standardized position can be a good guide, but it is essential that the
exporter and importer do understand
Q4. What are the
various Risk management service available in India? 10
Ans:
Risk Management Services Available in
India: Depending
upon the type and range of risk services required by the producers/ exporters,
a number of sources are available which include some multilateral and
bilateral risk providers as well as some local private insurance companies. Some
brief details are provided on these sources below:
Multilateral Investment Guarantee
Agency (MIGA) –
It is part of the World Bank Group, where its role is to promote foreign direct
investment into developing countries. MIGA is a global insurer to private
investors
Q5. Explain in
detail about Quality Assurance Certification procedure to be followed. 10
Ans:
Quality Assurance Certification: The exporter can attain quality
assurance through committing his/her enterprise to quality, not just in
terms of the final product but also regarding various aspects of
functioning of the business enterprise. Quality system can be defined as ‘organization
structure, responsibilities, procedures and processes, and resources for
implementing quality management’. By analysing this definition, it is proved
Q6. Explain in
detail about export opportunities and capabilities for service sector. 10
Ans:
Export Opportunities and Capabilities
for Service Sector: As
per Central Statistics Office (CSO)’s classification, the services have been
divided into four broad categories, namely a) trade, hotels, and
restaurants; b) transport, storage, and communication; c) financing,
insurance, real estate, and business services; and d)
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