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Posted: May 7th, 2020

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Section E

This week, in order to pace your work, you are encouraged to write your export / import strategy, in preparation for the next section of the paper, due at the end of Week 10.

Assignment:

Develop an EXIM Strategy for your company that includes your understanding of some key shipping and export/import factors involved for your company and your target country. Where available, offer assumptions, explanations, and data to support these factors.

Clearly label this section and add it to your International Business Plan.

It is not due until the end of next week – W10, as reflected in the due date. It will be submitted and graded next week, at the end of Week 10, as part of Section E.

However, you may submit it early (during W9), if you so desire.

Outline Section E – EXIM Strategy – prepare in W9, submit W10

Develop EXIM Strategy(prepared during W9)
OBJECTIVES
At the end of this week’s activities, you will be able to:

Assess the complexity of import and export transactions, along with the roles of governments.
Apply specific international trade terminology to global business decisions.
Start by watching with this helpful video:

Video – Demystifying Freight Terms (Duration 4:20). Link (Links to an external site.)

Websites

Freight Quote – What are the most common freight shipping terms? (Links to an external site.)
Freight Quote – Bill of lading: What you need to know.

(Links to an external site.)
Shipping Terms Resources
YRC Freight – Glossary of Terms (Links to an external site.)
Freight Quote – Freight transportation and logistics terminology (Links to an external site.)
MSC – Interactive Shipping Glossary
On the Country Club Plaza in Kansas City, each year in June, the Society for Friendship with China hosts a Dragon Boat Race on Brush Creek. A few years ago, this non-profit organization imported new dragon boats from China.

Attached are all the documents required to import them from China – all the way to Kansas City.

In order to assist them with this complicated process, the Society hired a third-party agent called Scarbrough, who acted as the middleman to complete the entire import process (including a random inspection by Homeland Security, which cost them an additional $1222.30 to have the shipping container X-rayed – vs. inspected manually).

Dragon Boat Shipping Invoices 05-14-14.pdf

Documents included:

Invoice from Scarbrough, the import agent – notice FOURTEEN fees listed: customs duty, fees, taxes, ocean freight, delivery & service, insurance, single entry bond, exam fees for terminal, exam fees at price transfer, ISF filing, ISF single entry bond, AMS fees , customs entry , courier, communications, and government integration fee.
U.S. Customs and Border Protection ENTRY SUMMARY – from Dept of Homeland Security
Invoice from Dalian Yiran Trading Co. – 4 dragon boats @$4,500 = $18,000.00 (notice the trade term “FOB Dalian) with Dalian being the name of the shipping PORT in China
Packing List – “4 NUDE dragon boats” = boats without motors. Notice two lines: measurements in KG and CM and M3 (cubic meters)
Ocean Bill of Lading (issued by the shipping company – Dynamic Network Container Line Ltd)
The Bill of Lading is the legal document that certifies the cargo was loaded onto the vessel (lading = loading). See the date: “Shipped on Board April 16, 2014.”

This document begins the transfer of money between the buyer’s bank and the seller’s bank.

See the chart that explains the flow of an International Transaction for further details – steps 6 and 7 are where the money starts to move.

Section F

Sections E & F Assignment – Export/Import Strategy (Section E) & Financials (Section F)
Purpose
This week you will continue working on your paper by calculating realistic financial estimates for your company. This is one of the most important parts of a business plan and this week you will create your spreadsheets to support your work. In addition, you will evaluate the export and import transactions required, the shipping terms (where applicable) and the financial viability of your plan.

Instructions

Review the full Global Business Plan project and continue analyzing the country you have chosen. Use the resources in the Modules – Section E – to support your research.
Develop an EXIM Strategy for your company that includes your understanding of key shipping and export/import factors involved for your company and your target country. Where available, offer assumptions, explanations, and data to support these factors. Note: you actually completed this section last week in W9, as preparation for this week’s paper, although it is not due until this week. Please make sure that this section has been added to your Google Doc prior to the end of W10. (25 points which will be recorded in the W9 assignment link.)
Develop a financial plan for your company that includes a spreadsheet based on your best estimates along with a written narrative of your plan. (25 points)
Create a spreadsheet with three tabs for each of the categories listed below.
Start up costs
Cost/Revenue Analysis
Break-even Analysis
(How many months or years will it take to recover the costs and start making a profit?
How many units do you need to sell, in order to break-even?).
NOTE: Be sure to format your Spreadsheet with a title (your name, company name, and country – inside the document, so that it is seen when printed out).
Compose a written narrative within the body of the main paper, summarizing the highlights from the spreadsheets, In addition, be sure to explain your rationale and the assumptions used to obtain these financial estimates.
Section F – Financial Plan –
Research Start-up Costs
Conduct Cost/Revenue Analysis
Conduct a Break-even Analysis
Submit spreadsheet with 3 tabs to reflect above
Include narrative to describe your assumption

Research for section F
1) Money and Exchange RatesCurrency fluctuations, corporate strategies, and joint-ventures gone awry — these can bring down even the largest global corporations. The foreign exchange market, and the impacts of currency fluctuations can make or break a business. In week 3, we read Chapter 8 about the Foreign Exchange Market. It is important to understand how your Country of Study’s currency relates to the global capital markets.1,000,000% Inflationw3 moneyHow much of your paycheck would be left, if you lived in a country that suffered from 1,000,000% inflation? Visualize a single bill worth 100 billion dollars. Imagine needing a wheelbarrow of cash to pay for a loaf of bread. While this seems impossible to most of us, it’s a very serious reality to some nations. Read more about countries plagued by Worthless Currencies Link (Links to an external site.)These types of issues are devastating for the people who live there and can be disastrous for the businesses trying to survive a market with such turmoil.
2) Objectives
At the end of this week’s activities, you will be able to:
Correlate the various exchange rate mechanisms with their impact on a company’s global expansion strategy.
Develop a financial plan that estimates the: Startup Costs, Monthly Operating Expenses and the Break-Even Point
Articles
NPR – How Venezuela’s Currency Became So Worthless Link (Links to an external site.)
Los Angeles Times – In Venezuela, where the currency is unstable and scares, many relay on debit cards Link (Links to an external site.)
Websites
The Economist – The Big Mac Index – Burgernomics (Links to an external site.)
Investopedia – What is the Big Mac Index? (Links to an external site.)
Historical Exchange Rates
Oanda.com (Links to an external site.)
x-rates.com (Links to an external site.)
XE.com (Links to an external site.)
FXTop.com (Links to an external site.)
Submission:

Write a minimum of 1 to 3 pages compiling your research from Section E. The paper should include the following parts:
Export Import Strategy (narrative)
Financial Plan (narrative)
Financials – Spreadsheet – submitted separately from Google doc (3 tabs – Start up costs, Monthly Operating Costs & Revenue Analysis, Break-even Analysis)
MLA formatting is required. Be sure to include citations and references for the research that supports your paper and continue using concepts, theory, and evidence from your textbook and course content to help justify your decisions.
Submit both your Financial Plan Spreadsheets (Excel or Google Sheets), in addition to your financial / EXIM narrative in the Google Doc (which explains your rationale) .
Please resubmit your personal link to your Google Doc in the assignment link below. This should be done each week that an assignment is due, in order to facilitate grading.

The narrative for Section E should appear CLEARLY LABELED in your Google Document, including Section Headings – “EXIM strategy” and “Financials”

Please follow MLA format, including a cover page with the name of the Company and the Country clearly seen. Label each Section of the paper, and include citations and an alphabetized Works Best paper writer websites, Custom term paper writing service and Research papers owl essays – Professional help in research projects for students – Cite d at the end.

For examples of MLA format, refer to Purdue’s Online Writing Lab (OWL). Click here for a link to a Sample Paper in MLA.

Requirements: 1 | .doc file

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