1) Explain foreign-trade zones and illustrate how an exporter may use them. By an importer.

How do foreign-trade zones differ from bonded warehouses?

Foreign trade zones are designed to manage the goods which are being exported by the other countries in United States. The custom duties and tariffs on goods which imported are defined by the foreign trade zone. The major benefit of foreign trade is that any exporter exporting through foreign trade zone, it can avoid many custom duties and taxes on the products, and another benefit is that the products are securely traded and there is surety to exporter that goods will reach their destination.
2) You are the manager of a small company that manufacturers and sells various types of personal restraints, for example, handcuffs, leg irons, that you sell to law enforcement agencies, private security companies, and novelty stores. You receive a larger order from an importer in Madrid. You have never done business with this importer although you have previously sold your product in Spain. Do you need a special export license? Outline the steps you would take to ensure that your transaction is legal. (Note: The solution to this problem cannot be completely answered from information in the text. Information will have to be obtained from sources on the Internet.) 3) You are the sales manager of a small company with sales in the United States. About 30 percent of your business is mail order and the remainder from your two retail stores. You have recently created an e-store on the Web and a few days later received an order from a potential customer from a city near Paris, France. The shipping charges listed on the Web are all for locations in the United States. You dont want to lose this $350 order. You know you can use the postal service but the customer indicated she wanted the item in about a week. Air Express seems logical but how much will it cost? Consult both the FedEx homepage http://www.fedex.com and the UPS homepage http://www.ups.com and get some estimates on shipping costs. Here are some details you will need: Value $350, total weight of the package, 2.5 pounds, package dimensions, height: 4 inches, and length: 6 inches width: 4.5 inches. U.S. zip code: 97035 and French zip code: 91400. (Note: Its not fair to call UPS or FedEx use the Internet) 4) With satellite TV able to reach many countries, discuss how a company can use satellite TV and deal effectively with different languages, different cultures, and different legal systems. To advertise globally satellite TV provides the hat mean. The satellite TV has raised question about locally produced advertisement versus standard advertisement. The ads should be produced according to culture where the segmentation has been done, it enhances acceptability of the product and the consumer can easily understand the message. On the other side producing standardized ads can create many problems in the targeted country or the region, one of major disadvantage of producing standardized ads can be, it can violate the cultural norms and values. But producing ads differently for different counties can be too costly so produce standardized ads and dubbed these ads in to the local languages. 5) Will the ability to broadcast advertisements over TV satellites increase or decrease the need for standardization of advertisements? What are the problems associated with satellite broadcasting? Comment. The need of standardized advertisement will increase if those ads are broadcasted at satellite TV, but there is a problem related to satellite TV broadcasting, it will focus on channeling those advertisement which are culturally acceptable in this regards the language differences will not affect the message to be communicated

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6) Borrow a foreign magazine from the library. Compare the foreign advertising to that in a Pakistani magazine. By analyzing foreign magazine it came to know me that it was totally different from the Pakistani magazine advertisement because in foreign magazine the pictures which were used were against the culture of Pakistan but in Pakistani magazines the pictures were according to the culture which was acceptable in our norm. one thing which is noticeable in foreign magazine that it was not much informative as Pakistani magazines are, 7) Select a local company which has a foreign sales operation. Draw an organization chart for the sales function and explain why that company used particular structure.

8) Evaluate the three major sources of multinational manpower. 9) Why do companies include an evaluation of their employees families among selection criteria? It important to evaluate the family background of the employee which is going to be selected because it help to predict behavior of that particular employee and it also helps to define future turnover because if a employee is not financially strong then he will be not be thinking of leaving the that job. If a employee is financially strong than that employee can show rude behavior to the management.

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