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How entrepreneurship leads to import substitution and utilization of local resources?
Wiki User
∙ 13y ago
Explain how entrepreneurship can lead to import substitution and utilization of resources
ISRAEL HOPE FAVOUR
Nehemiah Misalai
Nehemiah Misalai
Nehemiah Misalai
How entrepreneurship lead to import substitution and utilization of local resources
Anonymous
By producing and processing local goods in the country can leed to loss of interest of that country to import goods from abroad rather than just use the locally available in the country.
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What does England import and export?
An example of some products that are imported and exported in and out of the Country are as follows:Imports:FruitVegetablesToysOilGasSteelTexttillesCocoaTea leavesCoffeeSugarTimberWheatMeatButterLivestock feedTobaccoWoolVehiclesExports:MeatLivestockWeaponsFishSugarBuilding materialsIron oreNorth sea oilVehiclesAircraftWaste productsMetals
What is international marketing intermediaries?
International trade can have all the intermediaries present in domestic trade. This includes the chain of distributors, wholesalers, and retailers. In addition they have some other intermediaries also, which are not required in domestic trade. These include, direct importers, import agents, direct exporters, export agents, and clearing and forwarding agents.Direct importers:They purchase material from foreign markets an import in the home country.Import agents:They are like direct importers, but the do not import themselves. They possess knowledge of the overseas foreign markets from where merchandise is to be imported and they sell this knowledge and expertise to their clients for importing.Direct exporters:They purchase merchandise in home country and export it to other countries.Export agents: hey are like direct exporters, but the do not export themselves. They possess knowledge of the overseas foreign markets where merchandise is to be exported and they sell this knowledge and expertise to their clients for exporting.Clearing and forwarding (C&F) agents:They specialize in arranging overseas transportation and handling the various formalities of import and export procedures including payment of duties.
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What factor must the exporter consider when marketing a decision on price quotation?
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How enterpreneurship lead to import substitution and utilization to local resources?
True
What is import substitution industrialisatoin?
what are the main criticism of import substitution industrialisation
Difference between export promotion and import substitution?
what is d difference between import substitution and export promotion
What is export promotion and import substitution?
export promotion is exporting morn than import when production is more there is more export to other states and countries . import substitution means substituting import from one place to other.
Disadvantages and advantages of import substitution?
gererate employment
When the Australian economy was based on import-substitution manufacturing?
protectionist policies were emphasized
Types of trade policy?
import substitution(impex) and export promotion(exim)
Does Canada has an abundance of natural resources?
They import those resources from other countries.
What would be one effect of import substitution on the balance of trade of a country?
What would be one effect of import substition on the balance of trade of a country
What are ways the government can reduce its imports?
One way is by imposing tariffs
When the Australian economy was based on import- substitution manufacturing?
protectionist policies were emphasized
How import substitution can protect domestic industry?
when i get the ans i'll let u know all
