answersLogoWhite

0

Advantage of import are:

  • Enhance your domestic competitiveness
  • Increase sales and profits
  • Gain your global market share
  • Reduce dependence on existing markets
  • Exploit international trade technology
  • Extend sales potential of existing products
  • Stabilize seasonal market fluctuations
  • Enhance potential for expansion of your business
  • Sell excess production capacity
  • Maintain cost competitiveness in your domestic market
User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What are the advantages and disadvantages of importing oil?

Advantage: It may help the areas where it is being transported. Disadvantage: It is really expensive to import oil.


What are the advantages of importing water from Johor?

We save on land needed for catchment areas


What are the penalties for importing prescription drugs?

Depends on what you are importing. If you're importing Astelin, probably confiscation and a fine. If you're importing schedule II narcotics with intent to distribute, 25 to life.


What are the advantages of importing fruit?

Importing fruit allows consumers access to a diverse range of fresh produce year-round, regardless of local growing seasons. It can also lead to lower prices due to increased competition and economies of scale. Additionally, importing fruits from different regions can enhance food security by diversifying sources and reducing reliance on local crops. Lastly, consumers benefit from unique varieties that may not be cultivated domestically.


How does importing help consumers?

Importing gives consumers more choices of what to buy.


Are you importing car?

no


What are the advantages of a local catchment?

Some advantages of a local catchment include reduced transportation costs and carbon emissions associated with importing goods, supporting local economies and businesses, and promoting food security and resilience by ensuring a local supply of resources.


What does importing a video game mean?

Importing a game means releasing it for a system when it already exists for another.


What were some of the industries of the Middle colonies?

Importing and Exporting


What are the advantages and disadvantages of importing fruit?

Importing fruit can provide advantages such as access to diverse varieties year-round, supporting consumer preferences and enhancing food availability. It can also stimulate economic growth by creating trade opportunities. However, disadvantages include potential environmental impacts from transportation, risks of introducing pests and diseases, and reliance on foreign supply chains that may be disrupted. Additionally, imported fruit can sometimes be less fresh and more expensive than locally sourced options.


What is the importance of presentation?

importing


What is the opposite to importing?

Export