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chapter 3 Flashcards

(2 cards)

0
Q

Different global intermediaries? explain the differences between:

  1. foreign freight forwarders
  2. airfreight forwarders
  3. non vessel operating common carriers
  4. export management companies
  5. export trading companies
  6. customs house brokers
A
  1. foreign freight forwarders
    - consolidate small international shipments into economical sizes for small international businesses.
  2. airfreight forwarders
    - consolidate small shipments for businesses. same as land forwarders but in the air.
  3. non vessel operating common carriers
    - consolidate and dispense containers. group freight together from multiple companies that are going to a similar location. benefit from economies of scale.
  4. export management companies
    - sell products in a foreign market for companies that want to expand their market but can’t do it themselves . they don’t buy the goods and resell, they are AGENTS.
  5. export trading companies
    - locates oversea buyers and handles export arrangements. does not take title of goods.
  6. customs house brokers
    - oversee movement of goods through customs. make sure documents are complete and accurate for entry.
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1
Q

what are some challenges with the global market

A
  • tariffs and trade barriers
  • comps must standardize products
  • comps must reduce product life cycle. this is because products can be copied easily.
  • supply chain changes frequently. supplies and transportation and customers
  • volatility and complexity . weather, terrorism, strikes, and other threats become potentials.
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