Intl. Marketing/Fnd.

Effects of Import.

  1. Lower domestic costs of productions.
  2. Enable production of goods that depends exclusively on non-domestic source of supply.
  3. Acquisition of technologies.
  4. Labor force as major driven factor for resorting to imports.

 

Effects of export.

  1. Boostering economic of scale for producing in home country.
  2. Shortages of goods may exist, leading to higher prices for domestic consumers.
  3. Major role in providing jobs and expansion of useful sources such as raw materials and information.

 

  • Proactive -> strategy or plan to endorse before problematic issues occur.
  • Reactive  -> plan commencing right after problem occur and to deploy corrective action.Image

 

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