Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. You are a growing business based in Canada and exploring other countries to establish an export transaction. Describe about your company, product and services

1. You are a growing business based in Canada and exploring other countries to establish an export transaction. Describe about your company, product and services and choose a country that you would like to export your products. Explain why have you chosen a particular country? What research have you done in that country? (3 points, 1 page)

2. Pick 2 major risk (Political, economic, currency, default risk, industry risk etc) that you feel are most relevant for your business and how do you plan on mitigating it. (2 points, half a page)

3. What will be the business transactions? Which parties will be involved in signing of the contract and their role? (2 points, half a page)

4. How do you plan on involving ECA in your transaction and what will be the financial need from them? Do you plan on taking insurance from them? (2 points, half a page)

5. What delivery factors will be most relevant to your business and how do you plan on using them through out your business transaction. (2 points, half a page)

6. What is the preferred payment option that you have chosen and why? what is the frequency of payment that you expect importer to pay in and why? (2 points, half a page)

7. What kind of letter of credit do you expect importer to provide you and why? what bond/guarantee to do you plan on providing to exporter and why? ( 2 points, half a page)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Business Research Methods

Authors: Joe F. Hair, Michael Page, Niek Brunsveld

4th Edition

0367196182, 978-0367196189

More Books

Students also viewed these Business Communication questions

Question

What should Mary Lynn do?

Answered: 1 week ago

Question

Module 2 - Project: Asymmetric Key Encryption Submission

Answered: 1 week ago

Question

What is the mode?

Answered: 1 week ago