IBM 416 Lecture Notes - Lecture 7: Original Equipment Manufacturer
17 Mar 2016
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Article 1: how to start an import/export business (nicole) What are their characteristics?- emc he emc does it all--hiring dealers, distributors and representatives; handling advertising, marketing and promotions; overseeing marking and packaging; arranging shipping; and sometimes arranging financing. In some cases, the emc even takes title to the goods, in essence becoming its own distributor. Emcs usually specialize by product, foreign market or both, and--unless they"ve taken title--are paid by commission, salary or retainer plus commission. Export trading company (etc): while an emc has merchandise to sell and is using its energies to seek out buyers, an etc attacks the other side of the trading coin. It identifies what foreign buyers want to spend their money on and then hunts down domestic sources willing to export. An etc sometimes takes title to the goods and sometimes works on a commission basis. Import/export merchant: this international entrepreneur is a sort of free agent.
