Determine which of the issues would present

Reference no: EM13752724

Question 1

Use the Internet to research a publicly traded company that exports to at least one foreign country. Focus on any export challenges the company may be facing. Be prepared to discuss.

"Best Practices" Please respond to the following:

From the e-Activity, determine which of the issues would present the greatest challenge to the company you selected. Provide specific examples to support your response.

For the same company, recommend one best practice not already mentioned in Chapter 9 that would help the company address the challenge you identified. Explain your rationale.

Quesion 2

"Best Practices" Please respond to the following:

From the e-Activity, determine which of the issues would present the greatest challenge to the company you selected. Provide specific examples to support your response.

Medifast, a pre-packaged meal service ranked #1 on Forbes' 2010 list of best small companies in America and #12 in Forbes' top 20 small public companies in America exports to both Mexico and Canada. The most challenging exporting issue would be establishing a record keeping and audit process. Compliance with foreign policies on the importing of food presents a huge challenge in itself and a constant system of checks and balances would be required. As the textbook states the system in place must protect the company, the customers, and the exporting country.

For the same company, recommend one best practice not already mentioned in Chapter 9 that would help the company address the challenge you identified. Explain your rationale.

Another best practice Medifast should practice when exporting is to not falsely lead customers. Medifast was ordered by the FTC to pay a 3.7 million dollar settlement in 2012 for false/misleading advertisement. Had Medifast evaluated their advertisement strategy the possibly could have protected themselves from this loss.

Reference no: EM13752724

Questions Cloud

How many continents in world : How many continents in world?

What combination of a and b will maximize contribution : What combination of A and B will maximize contribution, and what is the maximum possible contribution

What was the nature of the american affluent society : Between the end of the Korean War and the start of the Vietnam War what was the nature of the American "affluent society"? Why was youth culture such an integral part of this era?

Describe a time when you were trying to communicate : Describe a time when you were trying to communicate with another person and active listening would have been helpful. What was the situation. How did he/she respond. How did you respond. What could you have done to improve the communication

Determine which of the issues would present : Determine which of the issues would present the greatest challenge to the company you selected. Provide specific examples to support your response.

The uninsured and under-insured population : The uninsured and under-insured population, The U.S. health care system has numerous known issues that affect the overall quality, access, and cost of services available. For your Final Paper, you will create an eight- to ten-page proposal

What explanations convincing for why rome fell : Do you agree or disagree with this conclusion? What other explanations do you find particularly convincing for why Rome fell?

How a company achieve lower production costs : Briefly explain how a company can achieve lower production costs and increase productivity by improving the quality of its products or services.

Who were leading proponents of close to government-business : Discuss the federal government's attitude toward business in the 1920's. Who were the leading proponents of close government-business relations?

User Account

All Pages