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The term import is derived from the conceptual meaning as to bring in the goods and services into the port of a country. The buyer of such goods and services is referred to an "importer" who is based in the country of import where the overseas based seller is referred to as an "exporter". Thus an import is any good(e.g. a commodity) or service brought in from one country to another country in a legitimate fashion, typically for use in trade. It is a good that is brought in from another country for sale. Imported goods or services are provided to domestic consumers by foreign producers. An import in the receiving country is an export to the sending country.
Import: Import refers to the process of bringing goods or services into a country from another country. When a country purchases products or services from overseas suppliers or other nations, it is engaging in import activities.
Export, on the other hand, refers to the process of selling goods or services produced within a country to other countries. When a company or individual sells products or services to international markets, they are engaged in export activities. Exports can range from agricultural produce and manufactured goods to specialized services, software, or intellectual property.
The term import is derived from the conceptual meaning as to bring in the goods and services into the port of a country. The buyer of such goods and services is referred to an "importer" who is based in the country of import where the overseas based seller is referred to as an "exporter". Thus an import is any good(e.g. a commodity) or service brought in from one country to another country in a legitimate fashion, typically for use in trade. It is a good that is brought in from another country for sale. Imported goods or services are provided to domestic consumers by foreign producers. An import in the receiving country is an export to the sending country.
Import: Import refers to the process of bringing goods or services into a country from another country. When a country purchases products or services from overseas suppliers or other nations, it is engaging in import activities.
Export, on the other hand, refers to the process of selling goods or services produced within a country to other countries. When a company or individual sells products or services to international markets, they are engaged in export activities. Exports can range from agricultural produce and manufactured goods to specialized services, software, or intellectual property.
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13. DEFINITION
The term import is derived
from the conceptual
meaning as to bring in the
goods and services into the
port of a country. The buyer
of such goods and services
is referred to an "importer".
14. TYPES OF IMPORTS
Industrial and consumer goods-
(machinery, plants, and raw
materials) (clothing, food, drinks)
Intermediate goods and services
– are goods that are used by
businesses for producing goods
and services
There are two basic types of import:
15. IMPORTS
ADVANTAGES DISADVANTAGES
Reduce dependence on existing
markets
Importation of items from other
countries can increase the risk of
getting them which is no more
common in the warm weather.
Exploit international trade technology It leads to excessive competition
Extend sales potential of existing
products
It also increases risks of other
diseases from which the country is
exporting the goods.
17. DEFINITION
This term export is derived
from the conceptual
meaning as to ship the
goods and services out of
the port of a country. The
seller of such goods and
services is referred to as an
"exporter".
18. TYPES OF EXPORT
Physical Export: If the goods and
services physically go out of the country.
Direct Export: means direct sales of your
goods and services to a customer
abroad.
Indirect Export: means you appoint third
parties, like agents or distributor to
represent your company and your
products abroad.
There are three basic types of export:
19. EXPORT
ADVANTAGES DISADVANTAGES
Increasing sale& profits Extra Costs
Reducing risk and
balancing growth
Financial Risk
Sell Excess Production
Capacity
Export Licenses and
Documentation
Gain New Knowledge and
Experience
Market Information
20. BALANCE OF
TRADE
Balance of trade represents a
difference in value for import and
export for a country.
A Trade deficit occurs when
imports are large relative to exports.
A Trade surplus occurs when
nation exports are more compared
to imports.
22. DEFINITION
• A joint venture is when two or more companies
perform a business project together for a set period
of time.
• Joint Venture is a win /win collaboration between
two or more Companies, sharing resources to solve
common problems and achieve goals.
• It can be called a Strategic Alliance or Partnering
as well.
23. TYPES OF JOINT VENTURES
1. Domestic Joint Venture:
The Domestic Joint Venture means
all partners with the same nationality.
2. International Joint Venture:
The international Joint Venture set up
by partners of different nationalities.
There are two types of Joint Ventures: