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Exporting and Importing

Post your response to the following: There are many reasons a company would choose to export their products to a different country. Likewise, there are also many reasons a company would choose to import products from another country. Imagine that you are the manufacturer of a product.

What are two potential reasons you may choose to export your product rather than selling it only in the United States? Provide a brief description of the product you are exporting in your response.

Imagine that you are involved with a company that is interested in importing someone else product into your country. What are a few of the reasons you would or would not choose to import their product?

Solution Preview

What are two potential reasons you may choose to export your product rather than selling it only in the United States? Provide a brief description of the product you are exporting in your response.

The primary reason to export my product rather than selling it only in the United States is to enhance my revenues and thus profitability by exploring other attractive markets around the world. This is to ensure that my target market base expands and is not limited to US markets. This strategy also allows me to obtain economies of scale, thereby reducing my cost of production due ...

Solution Summary

In 393 words, this solution discusses reasons as to why a company would want to export a product, as well as reasons to decide not to import a product.

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