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Explain how entrepreneurship can lead to import substitution and utilization of resources

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What factors promote settlement in a certain place?

people will settle in a certain place so they have easy access to export and import economics. they will also settle where there's resources.


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.


What implications does the product life cycle theory have for international product development strategy?

for each curve net export results when the curve is above the holizontal line if the curve is below the holizontal line net import results for a particular country.


What factor must the exporter consider when marketing a decision on price quotation?

The single factor would be point of delivery. If your point of delivery leaves all export and import to the buyer there is no need to investigate; shipping, restrictions, taxes and fees, shipping costs, etc.

Related Questions

How enterpreneurship lead to import substitution and utilization to local resources?

Entrepreneurship can lead to import substitution by creating products and services locally that were previously imported. By utilizing local resources, entrepreneurs can create innovative solutions that reduce the dependency on foreign imports. This can help boost the local economy, create jobs, and contribute to sustainable development.


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


Types of trade policy?

import substitution(impex) and export promotion(exim)


When the Australian economy was based on import-substitution manufacturing?

protectionist policies were emphasized


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