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INB 205 WK 7 DQ 2 with class answers

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Wk 7 DQ 2
Post your response to the following: There are many reasons a company would
choose to export their products to a different country. Likewise, there are also
many reasons a company would choose to import products from another country.
Imagine that you are the manufacturer of a product. What are two potential
reasons you may choose to export your product rather than selling it only in the
United States? Provide a brief description of the product you are exporting in your
response.
 When responding to your classmates, imagine that you are involved with a
company that is interested in importing their product into your country. What are
a few of the reasons you would or would not choose to import their product?
If I was to manufacture a product I would choose to export my product rather than sell it
domestically due to profit margins and lower taxes.
Profit margins. I think profit margins are the most important when selling a product
internationally. When a company is considering selling any product outside the U.S.A it
is usually due to increased profits.
Lower taxes. Many Companies are now looking in changing their headquarters to other
more friendly states and countries that have lower taxes which will increase profits
and save tax money from the local government on sales in the U.S.A
If I did decide to develop a product and sell it abroad, I think it would have to be a food
product such as Beef, Produce or possibly Candy and Sweets.
My company is exporting a new car that is small and runs on solar power in the day and
gas at night. I choose to export my car to the UK to see if they might catch on before I
choose to open up a manufacturing plant there. I might get tax credits and grants from the
United States government to help fund production because this product aids in
environmental issues so I might produce it in the United States but also export it to other
countries that are environmentally conscious. I might look to expand production
internationally once I get a strong customer base overseas.
The product that I choose would be a new type of amplifier for guitars. This product
gives consumers the many tones and sounds most professional guitar players make. This
can be anything from Led Zeppelin, to BB King, all the way to Metallica. The main
reasons why our company wants to export this to across the globe, is that America is not
the only country that plays music.
This product deserves to be played, and used by every person across the globe. This will
increase profits, as well as a larger consumer fan base. This is both logical, and a smart
financial game plane.

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