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It was my last mid term examination question One of your friends is a talented young agricultural entrepreneur who recently made an offer to you

It was my last mid term examination question

One of your friends is a talented young agricultural entrepreneur who recently made an offer to you to start a joint venture. He will look after the production of different foreign vegetables like capsicum, cherry tomato, cabbage, beetroot, celery, Chinese cabbage, baby corn, sweet corn, Nira leaf, broccoli, and you will take charge of the exporting activities. Now, as an exporter of foreign vegetables from Bangladesh, outline the process of completing the initial requirements, documents, certifications, and permissions from concerned organizations/authorities.

Question : Inyourlastmid-term examination,youwereintroducedtoasituationthatyouandone of your friends will start a vegetable export business from Bangladesh. Asvegetable items are not unique, foreign importers are expected to pay for theirconvenient currency and terms. Do you think such a situation will create a risk toyourregularpayment fromexport?Ifso,giveanideaofhowsuchforeign exchangeriskarise sandaffectsbusinesses.Also,suggestsomeriskminimizationtechniques.

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