In a short essay, compare the advantages of using direct exporting and indirect exporting
What will be an ideal response?
Indirect exporting is accomplished by contracting with intermediaries in the firm's home market who assume responsibility for finding foreign buyers, shipping products, and getting paid. The main advantage of indirect exporting for most companies is it provides a relatively inexpensive way to penetrate foreign markets without the complexities and risks of more direct exporting. In contrast, direct exporting is typically achieved by contracting with intermediaries located in the foreign market. The foreign intermediaries serve as an extension of the exporter, negotiating on behalf of the exporter and assuming such responsibilities as local supply-chain management, pricing, and customer service. The exporter retains greater control over the export process but also must dedicate substantial time and resources to developing and managing export operations.
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In AMJ Campbell v. Kord Products Inc., a comma was inserted into the contract with the effect that both "freight" and "rebates" would be deducted from the sale price, rather than simply "freight rebates." This resulted in a difference of price amounting to $759,000. What was the result?
A) The Court denied a request for rectification because a Court will not rectify a contract that is in writing. B) The Court denied a request for rectification because it was not clear both parties had the same intention. C) The Court denied a request for rectification because the appropriate remedy was rescission. D) The Court allowed the request for rectification because the price difference was significant. E) The Court allowed the request for rectification because one party had obviously made a mistake.
In general partnership, each partner is personally liable for:
a. only the partnership debts that he or she personally created b. his or her proportionate share of all partnership debts regardless of which partner incurred that debt c. the total debts of the partnership, even if he or she was unaware of those debts d. the debts of the partnership up to the amount he or she invested in the firm e. all personal and partnership debts incurred by any partner, even if he or she was unaware of those debts