Question and answer Assignment Example | Topics and Well Written Essays - 500 words - 2

Question and answer - Assignment Example I think the writer should have tried to explain briefly what Incoterm is in order for the readers who are not well versed to this subject to understand it. As it is, the answer is evasive and does not directly answer the question that has been asked.  Ã‚   I would have to agree that depending where one falls on the spectrum of the chart (EXW (higher risk to buyer) – DDP (higher risk to seller)), how the transaction is negotiated via contract, decides on the risk one inherits.   With that said, as we have discussed this week regarding documents used in export financing and the terms and conditions expressed in them, some of the risks associated with Incoterms 2010, may be mitigated through the use of these documents and as well as wording added to the sales contracts containing these commercial terms/definitions.   One needs to keep in mind that Incoterms doesn’t specify or involve questions as to title or ownership or deal with breach of contract†¦these questions/details need to be resolved in specific provisions in the contract. This part of the answer is vague since it does not directly answer the question. The writer is repeatedly saying â€Å"documents† used for exporting. What are these documents? This leaves us with many questions than answers. Using instruments such as a letter of credit or documentary collection, requirements and stipulations may be added by the banks so that their clients and they are covered barring circumstances when it comes to payment.   It makes sense to me that buyers and sellers would opt for something whereas they meet in the middle.   The seller takes care of costs incurred up to loading goods on method of transportation to import country with the buyer picking up responsibility from there or once loaded on transportation in the exporting country.   Using CIF or CFR rules would make sense as costs and risks are closely split.   Granted as a seller, I have something the

Strategic Management for FMCG Market During Recession Dissertation

Strategic Management for FMCG Market During Recession - Dissertation Example During recessions depending on its severity, the only surviving product that is still moving is the FMCG's otherwise known as FMCG. These are the essential products that are used by the consumers in their everyday lives. An example of FMCGs is coffee, milk, and sugars. Infant foods or pharmaceutical products used in the maintenance of ailments such as anti-hyper tension and anti rejections are also considered FMCGs. Laundry and dish washing soaps, including body soaps and shampoos, are also considered as FMCGs. Every FMCG manufacturer’s or distributor’s goal is to capture a big chunk of the market as much as possible during a recession since the trust that will be gained from the brand will be carried over until the recession is over. The foot in the door approach as a strategy for FMCG is an effective way of capturing a large chunk of the market. The most efficacious way of staying on the radar of consumers is the FMCGs price. During a recession, the resource that is the most affected is the liquidity of the company and most especially the consumers. Thus maximizing the use of money is the most potent approach for consumers to survive the recession. Armed with this knowledge further investigation was conducted for the purpose of determining the efficacy of the strategy of value-pack packaging as the direction of capturing the FMCG market. However, the investigation leads to the realization that value pack packaging is also environmentally harmful since it costs a lot of packaging raw material to packaging FMCG in smaller packs or volumes. ... Thus maximizing the use of money is the most potent approach for consumers to survive the recession. This paper investigated the theory by conducting a survey to verify the behaviour of consumers during recessions. Further investigation through the use of surveys determined that due to the affordability of products that are packaged in smaller volumes consumer behaviour therefore gravitate towards this direction. Armed with this knowledge further investigation was conducted for the purpose of determining the efficacy of the strategy of value-pack packaging as the direction of capturing the FMCG market. However, the investigation lead to the realization that value pack packaging is also environmentally harmful since it costs a lot of packaging raw material to package FMCG in smaller packs or volumes. Not only that but the intended reduction in price may not be realized since the cost will be eaten by the packaging materials and the increased cost of warehousing the added volume of sma ller packs packaging. Acknowledgement I would like to acknowledge the many people who have supported me and provided me with moral and actual assistance during the time when I needed it most. The many stress filled sleepless nights has been made bearable with the help of the following people. My family who has given me the strength and moral support to continue to be resilient and strong while making this paper, my MBA Course Moderator, Ms. Helen Goworek for the guidance and support, Dr. Paul Yap (Executive Director, FMCG Company) for writing approach and Guidance. The many unknown faces of grocers, store owners and FMCG industry packaging supervisors who was patient in answering incessant questions about the FMCG industry. Table of Contents Abstract 2 Executive Summary 3