Sources of information- exports, Marketing Research

Assignment Help:

SOURCES OF INFORMATION : An exporter would like to know about the market conditions and business practices in foreign countries. Let us study some major sources of information which may provide the exporter with a lot of useful information.

i) India's export statistics: as provided in monthly bulletin of Foreign Trade Statistics, volume I - These will enable the exporter to know where his product is being exported, to what extent and what the value realisation per unit is.

ii) Import statistics of foreign countries: The exporter can find out the overall size of a particular foreign market for his product, which are the competing countries and what are approximate unit value paid to each individual country.

iii) Import promotion centres established in most developed countries: These centres provide a lot of valuable information to the exports of developing countries including India. The information provided by these centres include : (i) Statistical information on the market concerned (ii) Information on marketing techniques and business practices (iii) Information on import regulations and practices, (i") List of importers, wholesalers, agents and distributors and (v) Dates of various trade fairs and exhibitions.

iv) India's commercial representatives abroad: They can inform the exporters about the export potential of their products in their respective countries, tariff and non-tariff barriers facing them and the government procedures in the importing countries.

v. Exports promotion Counsels and commodity boards: They can provide information about where and to what extent your product can be sold in different countries. They also provide information about export incentive ability of shipping services and freight rates, approximate prices which can be realised for your products and also provide you overall guidance in your export operations.

vi) India Trade Promotion Organisation (ITPO): India Trade Promotion Organisation has been formed by merging Trade Fair Authority of India and Trade Development Authority. This is the premier trade promotion agency of the Government of India with the head quarter in New Delhi.


Related Discussions:- Sources of information- exports

Exploratory research, Here the hypothetical solution or actions are explore...

Here the hypothetical solution or actions are explored and evaluated by the decision marker. These studies do not require extensive efforts as information from previous studies can

Explain in details the process of marketing research, Explain in details th...

Explain in details the process of marketing research. Answer Most marketing research involves attaining information from marketplace indirectly or directly and hence the

Types of cognitive involvement, Types of cognitive involvement Cogniti...

Types of cognitive involvement Cognitive involvement - where a person is enthused to learn all s/he can about the product. Product involvement > the consumer's stage

Sources of information comprise, Once the buyer has recognised a problem th...

Once the buyer has recognised a problem they search for information on products and services that can solve that problem. Belch and Belch (2007) describe that consumers undertake b

Importance of exports , IMPORTANCE OF EXPORTS  : Look at Table for clear u...

IMPORTANCE OF EXPORTS  : Look at Table for clear understanding of India's Exports Imports and Trade Balance. The table shows that India's Trade Balance was -2 Crores during 1950-5

Legal framework, Legal Framework : Section 50 of the Indian Customs Act re...

Legal Framework : Section 50 of the Indian Customs Act requires the exporter to file a declaration in a prescribed form and submit supporting documents to enable the customs autho

Recoverable expenses, Recoverable Expenses: An insurance company will pay ...

Recoverable Expenses: An insurance company will pay expenses incurred by the insured for recovering loss for preventing it to the cargo. This is, however, subject to two condition

Sampling errors, Quite frequently marketing studies are based on sample of ...

Quite frequently marketing studies are based on sample of people or products or stores. The results emerging from such studies are then generalized that is applied to the entire po

Evidence based forecast, how to apply the judgemental and observation forec...

how to apply the judgemental and observation forecasting techniques in clothing store

Export claims, Export Claims: Authorised dealers are permitted to remit ex...

Export Claims: Authorised dealers are permitted to remit export claims by exporters on application by letter. The application contains particulars such as Reserve Hank Code Num

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd