Exporting And Importing Free Essay Example, 2500 words

Superior product quality will boost the sales of the firm and help it to further expand its business in other nations. It will enhance the confidence of the staff and help them produce better. Price competitiveness i. e. value for money: Value for money is another important factor that may affect export performance in a positive or a negative manner. Consumers, in the age of such a high inflation in almost all the countries, want the value for their money. The firms’ while deciding the cost of their products must make sure that in addition to earning them profit, the price must be in accordance with the buying capacity of the people in the country they are exporting their products to. Only a worthy deal on the products will attract consumers and earn profit for the businesses. Service quality: Offering a great and responsible service quality will definitely build up the customers trust in the company. Being accessible easily and at the times of need will relieve customers’ headache and pamper firm’s growth. After selling the product it is the duty of the company to assist the customers with any hassles associated with their product. We will write a custom essay sample on Exporting And Importing or any topic specifically for you Only $17.96 $11.86/pageorder now Relationship with importers: Trust and sincerity is also an important factor which is the basis of relationships in the international scenario. International networking: Relationships are an essential mode of expansion of trade. Reputation and characteristics of firm: Reputation of the firm in the international market is the result of its product quality and responsibility. Some enthusiasm and driving force to export: Motivation keeps the working force behind the company inspired to work and perform. Capability to market the firm and its products internationally: It is vital for the business to market and present itself on the global front. A good marketing strategy will connect consumers and the exporter and boost up sales. Managements’ approach towards exporting and marketing: Responsible and dedicated behavior of the management is very important. Meeting the expectations of the customers and keeping up with the latest technological developments in other countries are the duties of the management. Personal attributes of the managing staff: Innovation, confidence, motivation and reliability are the key attributes of a good managing staff. Endorsement and promotion tactics: Impressive promotion of the business communicates well with the consumers and helps them know and identify the firm. Assistance from Foreign Credit Insurance Association: Limitation of finance can hamper the growth of a good business.