According to the U.S. Customs and Border Protection (CBP), Foreign-Trade Zones (FTZ) are areas which are supervised and secured by the CBP in a CBP port of entry although they are considered to be outside the CBP territory (U.S. Customs and Border Protection, 2018). The FTZs are established under the...
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International trade is a generally positive development for countries because it contributes to the creation of new jobs and speeds up economic growth due to the increased volumes of trade (J. J. Wild & K. J. Wild, 2015). Nevertheless, regardless of the benefits of international trade, in some instances, governments...
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The United States is involved in a number of trade agreements. As a long-time proponent of free trade around the world, the US has at times tried to lead by example by entering into such agreements. With this in mind, one of the most important agreements for the US has...
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When Benjamin Barber asserts, “Black Friday is not something we do; it is something being done to us.” he means that corporate America is imposing consumerism on Americans. Barber claims that businesses do not respond to our needs as much as they attempt to create our wants. In other words,...
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Wal-Mart currently represents the largest retailer in the world, which indicates that this organization provides an excellent paradigm for examining the concept of forecasting and planning from a human resource management perspective. One area that would benefit significantly from forecasting and planning would be determining seasonal labor requirements during an...
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1a) The strengths of DCHS include the knowledge of customs, import and export regulations and processes which comply with them, and streamlining processes in transportation and storage to maximize efficiency. The weaknesses include challenges in new markets, and pressure on price from new entrants to the market. The increased competition...
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E-commerce refers to a business model in which the buying and selling of goods and services is conducted through the internet. It is inclusive of online advertising, electronic transfer of funds after which delivery of the said goods and services is done either via courier of a delivery person. E-commerce...
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Electronic commerce has become part of mainstream business, and as such there have been failures and disputes which have resulted in litigation, court decisions and a developing body of case law. Despite this there are no real barriers to the use of ecommerce by federal agencies, although there are some...
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How have Portakabin used MR to develop their market Position? It has helped them to know exactly what the customers want and what is required in the market. This makes them to stay up to date on the changing needs and trends in the market and work towards providing satisfaction...
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The global supply chain ensures that individuals from almost anywhere in the world can access products from anywhere in the world. The global supply chain is formed by the steps taken to bring a local product to the global market. Supply chain management is now seen as the ultimate competitive...
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The latest e-commerce technology is rapidly altering the business transactions both globally and locally. In the 1980s, the retail trade hinged on location, but the advent of internet technology enabled online trade. Today, the internet is the world’s marketplace as people conduct businesses virtually. Measuring the impact of e-commerce is...
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Use of E-commerce technology is one of the most commonly used strategies for enhancing the performance of business. However, several crucial factors will be considered to ensure that the implementation of e-commerce is successful. One of the most fundamental issues is that the there is a substantial need for a...
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There are eight indicators that make up the Market Potential Indicator (MPI) Index. These eight indicators are market size, market growth rate, market intensity, market consumption capacity, commercial infrastructure, economic freedom, market receptivity, and country risk. The indicator with the greatest weight in the MPI index is the market size...
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Greg Mankiw argues that trade can lower prices, meaning that free “trade lowers the price of a basket of consumer goods for a given price of labor,” in other words, by allowing free trade to occur, the overall total price of the basket of goods is decreased versus the amount...
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In October 2015, Al Jazeera published a revealing article about the illegal market for kidneys. In the article, some of the participants in the market were interviewed, revealing their practices and the general dynamics of the industry. After reading the article and evaluating the situation, I support the selling of...
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With global consumerism ever increasing, and continually so, it is important to reflect on the periods of history that this attitude seemed to have sprung from, particularly the post-war era. MacDonald introduces this idea with a brief historical discussion on the progression of the word “design” through time, and space....
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Major retailers in the United States have been closing their doors to their brick and mortar stores. A grand majority of these decisions have come in after a surge in online shopping which has put up fierce competition against brick and mortar retail stores. Online retailing offers convenience and consumer...
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The modern-day assimilation of the internet in business function has made it easier for organizations to conduct business and reach larger market pools. For this to be achieved, it is necessary that a company has a functioning and well-structured website. A website acts as a platform for which consumers can...
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Personal selling refers to the process whereby a business uses its employees, usually called sales representatives or salespersons, to conduct face to face meetings with the prospective customers with the aim of convincing the customers to purchase a company’s products or services. The meetings with the sales representatives can be...
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Within the context of customer engagements and marketing, the marketing process and selling process are entirely separate from one another. Both of these processes are meant to inherently influence the customer but the end goal between the marketing process and the selling process are different: in marketing, the process focuses...
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There are four elements of a case. These include the fact pattern, the issues, the outcome, and the ratio. The fact pattern consists of the facts that form the issues, the issues are the points of contention formed by the facts, and the outcome is composed of the decisions that...
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Abstract Comparison of sales, profits and activities between the northeast district of the Hanover-Bates Chemical Corporation (HBCC) and other districts reveals that that northeast district is not as efficient. There are fewer sales per sales person, and sales costs are higher for each dollar in revenue. Optimization is required to...
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To be successful in today’s highly competitive, global economy, a business must consider the psychological elements of consumer sales when determining how to price their products and services. Studies have continued to demonstrate that buyers are more likely to buy on emotion first, then justify the purchase through more logical...
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Pricing strategy A pricing strategy is a market plan that a company sets to determine how to sell its products. When setting a pricing strategy, a company should be able to consider setting a price that is higher than the cost of production. The price that an enterprise sets has...
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Consumers today have a choice when it comes to where they go to shop. They can get dressed, and drive in their car and visit their favorite mall or store, or they can simply flip on their computer and shop from their bed in their pj’s, or from any other...
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