Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: the legal aspects of contracting internationally.
A: There are two basic issues to consider when getting started in import/export: (1) business structure and (2) business contacts. [ Business structure generally refers to and is tremendously determined by your role in the importing and exporting of goods. In the simplest terms and for our purposes, the four major players are defined below: Importer - person or entity that brings in foreign
goods or services into the country for its own use, but more often for resale. Exporter - person or entity that sells their own goods or services to foreign buyers. Import/Export Merchant - person or entity who buys goods or services from one country for the purposes of resale in another country. Import/Export Management Company (IEMC)- essentially a person or entity that serves as the middleman in deals between importers and exporters. The person or entity may serve as an import management company (IMC) by setting up deals between domestic businesses and foreign suppliers. Alternatively, the person or entity may serve as an export management company (EMC) by setting up deals between domestic suppliers and foreign buyers. Finally, this person or entity may serve as an import/export management company (IEMC) by setting up deals in both directions. Of the four structures/roles listed above, the IEMC offers advantages particularly for the small business or solo player since there is little need to spend huge amounts of capital to purchase goods first, and then to tie up the capital waiting to sell these goods. The IEMC functions exclusively as the middleman in deal negotiations and profits only when a deal is closed. In this respect, the IEMC must be knowledgeable about trade, good at negotiators, and have an extensive contact list. Once the business structure is determined, the second basic consideration is business contacts, which is especially important for IEMC's and others just starting out in this field. There are four major and preliminary contacts to be established by the IEMC ]
selymi|Points 7522|
Question
Asked 2/27/2012 5:52:11 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
26,434,949 questions answered
Popular Conversations
What is the solution to the proportion? n/18 = 5/9 A. n = 2.5 B. n ...
Weegy: n/18 = 5/9; 9n = 5 * 18 9n = 90 n = 90/9 n = 10
10/12/2017 10:59:55 AM| 8 Answers
Which of the following has kinetic energy? a. a rock poised for a ...
Weegy: A bow that is drawn back by an archer. B. Has kinetic energy.
10/10/2017 2:00:05 PM| 3 Answers
3. Infants can sit with support when they're approximately _______ ...
Weegy: Infants can sit with support when they're approximately six months old. User: 4. The term parallel play ...
10/6/2017 6:01:09 AM| 2 Answers
Which is the adjective phrase in the sentence? Especially in ...
Weegy: Especially in bilingual classrooms, the new dictionaries are a better option for language learners. User: ...
10/6/2017 3:33:04 PM| 2 Answers
What does everyone have planned for today " What type of sentence is ...
Weegy: "I think it would be best to study the problem carefully." The purpose of the above sentence is: It makes a ...
10/8/2017 2:18:49 PM| 2 Answers
What type of sentence tends to express a strong emotion? A. ...
Weegy: Do your work! The sentence is imperative. User: Which of the following pairs of words are homophones? ...
10/8/2017 2:25:51 PM| 2 Answers
_______ are words that are spelled alike, but have different ...
Weegy: "Near the computer" is a prepositional phrase. User: In which sentence is a homophone used correctly? ...
10/8/2017 2:29:20 PM| 2 Answers
Weegy Stuff
S
P
P
L
P
P
P
Points 135 [Total 2027] Ratings 11 Comments 25 Invitations 0 Offline
S
P
L
Points 97 [Total 119] Ratings 0 Comments 97 Invitations 0 Offline
S
Points 51 [Total 51] Ratings 4 Comments 11 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
L
Points 1 [Total 100] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.