INTERNATIONAL BUSINESS AND TRADE

A. Differentiation.Distinct the following pair of words with one another.

1. Exporting to GlobalSourcing
2. Outsourcing toOffshoring
3. Proforma Invoice to CommercialInvoice
4. Foreign Distributor to Manufacturer'sRepresentative
5. Direct Export to IndirectExport

b. Cite at least 3 examples of companies or business (local or international) adapting or engaging the following concept.

		Source:
Exporting Mgt. Company	1.
	2.
	3.
Global Sourcing	1.
	2.
	3.
Offshoring	1.
	2.
	3.
Trade Associations	1.
	2.
	3.
Freight Forwarder	1.
	2.
	3.

C. follow-up question given the scenario below.

"Moose & Walrus (M&W) is a manufacturer of a popular line of clothing for young people. M&W is firmly established in its home market, which is relatively saturated and has little prospects for future sales growth. Top management has decided to export M&W's clothing line to Japan, Turkey, and various European countries. Suppose M&W hires you to assist with internationalization.

Source: Cavusgil, S.T., Knight, G., & Riesenberger, J. (2017). Intenational business: the new realities.

Questions:Prepare briefing for senior managers that describes:

1. The advantages and disadvantages of exporting.
2. A systematic approach to exporting.
3. A systematic approach to managing exportimport transactions.