Management Questions Essay Example | Topics and Well Written Essays - 1250 words

Management Questions - Essay Example Concentration is a unit of summary measures that connects proportion with numbers. Regardless of the knowledge on customer's risks of individuals with high accuracy degree or knowledge on the relationship between customers' risks a reduced concentration will lead to an overall reduction on the organizations credit risk exposure and its range of receivables thus increasing the firm's diversification The management should be deeply concerned in overcoming initial pitfalls and in provision of the finances required in the export process. These he can do by closely monitoring the efforts towards international marketing. The management should seek export guidance from qualified personnel which will assist them in developing a good marketing strategy prior to the start of the export business. The developed strategy should incorporate the export objectives plus expected 'negatives'. The management should be extra cautious when selecting distributors from overseas. Best distributors are those who are very independent in their work. However, the international distributors should be given the same treatment as the domestic counterparts with much emphasis on orderly growth and profitable ventures. The management should never hold assumptions that given product marketing techniques will obviously succeed in all countries i.e. what works in Israel may fail in Korea. It is therefore important for the management to treat each market separately in order to succeed. Since each country has a different culture and therefore a different cultural preference the management should have the willingness to modify their products so as to meet the said differences. The management should take advantage of economies of scale. This can be made possible through the enlargement of the overall sales base so as to spread the exports fixed costs. Question five The management might be required to divert its key personnel from the domestic responsibilities so as they can help in developing the company's export procedures. The initial procedures and start-up decisions might end up consuming most of the company's precious time a thing that will slow its operations. The whole excise might turn out to be very expensive since the sales promotion material, brochures and catalogues will be required to be translated in the many foreign languages involved in the exporting business. Together with these the company might need to add its plant facilities so as to cope with the now expanding market. Export will definitely require additional funds because it is known to be a very expensive exercise which involves regular product modifications so as to meet the varying specifications of the foreign markets. The management will be required to allow credit terms so as to keep pace with the highly competitive global market, the local customs authority and the travel arrangements. Question six Where transportation means are not available the company will make low sales. Also when the transportation costs are too high the company will be constrained on the amount to

Answer The 5 Questions Provided Essay Example | Topics and Well Written Essays - 750 words

Answer The 5 Questions Provided - Essay Example For instance, in more mature markets, values such as prestige hold more sway than in less mature markets, where such things as fuel efficiency and overall cost of ownership are more important product values. So again the marketing has to be somewhat targeted to different markets rather than general or standardized for all markets. There are country arrangements such as those that exist between North and South Korea that involve the latter limiting imports of fresh produce and other farm products from the former. This hurts South Korea too, given that in general the country benefits from having more ample food sources from more places, in the same way that it hurts North Korea’s ability to make profits from its agricultural work. The idea too is that North Korea may be in a position to supply farm produce at lower prices, introducing some competition to improve farming methods and yields at home for South Korea (Yonhap News Agency). Between American and France there is a world of cultural differences and attitudes surrounding feminine values, especially with regard to what they wear, and the same applies to certain apparel, such as blue jeans. In France there is a sensitivity to blue jeans being an American product, and there may be some fashion resistance springing from France’s proud culture to the adoption of blue jeans among women. On the other hand in America there is no adoption and acceptance problem of the kind that may be present in France. Therefore in magazine advertising in particular these cultural influences, of jaded attitudes towards garments that have heavy American connotations, there has to be sensitivity to crafting messages that tone down the American elements of blue jeans in France. Recent moves by government in Colombia point toward the further strengthening of the government institutions in the country, which augur well for the