You and two of your friends have decided to apply some of the knowledge that you are learning in your business classes. You plan to start a wholesale business, buying goods in the Czech Republic and selling them to small specialty stores. One of your friends has an uncle in the Czech Republic who has some contacts that will enable you to buy the merchandise you want. Another friend has an aunt who owns a trucking company that transports merchandise all over Europe. You hope to use the trucking company to transport your merchandise from the Czech Republic to Rotterdam, in the Netherlands, for shipment to Canada.
You are going to have a meeting to discuss the necessary details surrounding the buying and selling of the inventory. In preparation for the meeting, write a short report outlining the items that you think should be discussed. To make this more realistic and to make your task easier, decide on what types of inventory you are going to buy. The type of inventory you import will affect some of the decisions you need to make.