ADVANTAGES OF IMPORT AND EXPORT

ADVANTAGES OF IMPORT AND EXPORT

In each country, the ways to do business are differences, but the main point they need to import and export their product to be interrelationship. The import and export product can make business grow up or go down because they have either advantage or disadvantage. Here are the advantages below:

Advantage of import and export:

           + Import:

                   - Enhance your domestic competitiveness

                   - Increase sales and profit in all the way

                   - Crain your global market share

                   - Reduce dependence on existing markets

                   - Exploit international trade technology

                   - Extend sales potential of existing product

                   - Stabilize seasonal market fluctuation

                   - Enhance potential for expand of your business

                   - Sell excess production capacity

                   - Maintain cost competitiveness in your domestic market.

           + Export:

                   - Improved profit and sales

                   - Develop domestic competitiveness

                   - increase worldwide market shares

                   - Diversification and risk minimization

                   - Minimize per unit overheads

                   - Balance for seasonal demands

                   - Potential for company development

                   - Sell surplus production capacity

                   - Expend new knowledge and experience

                   - Develop life cycle of item.

All in all, all countries around the world have to import things from other countries into their own countries and export things to other countries to meet the demand for their own people as well as to make a better relationship with other countries in the world.