Question by happypenguindude: How does a business decide whether to trade with a foreign country?
How does a business decide whether to trade with a foreign country?
Best answer:
Answer by royalcres
You should find out a few important things like :
1)does the country need your product ?
2)will your product be competitively priced after shipping ?,
3)any other costs that may need to be factored in such as brokerage and duties.foreign exchange- still profitable?
4)Can you get invoicing insurance or prepaid ?, (as it is pretty hard to collect from a far away place)
If the answer is yes to all 4 , I would then say this will help you decide.
Know better? Leave your own answer in the comments!
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