Highlights
Task:
Instructions
You must prepare the cost of a product to be exported for the same product and market you identified in the Market Study course and will be included in the International Trade project that you have selected. The overall portfolio will be put together in the Marketing Project course, which will lead students to synthesise their learning and the outcome of their internships.
Detailed presentation of the selected product or service
The business plan must provide a short description of the selected International Trade business. The business plan will help you introduce the product/service to the prospects and help you further in put in context the specific business type you have selected (types of business, types of products or services, importation, manufacturing, etc.) and in the context of the targeted market. Student must be able to showcase the following concept to demonstrated their understanding of what was covered during the semester, as a result the student must provide the following in the term paper:
• Calculate the cost of the product using cost-per-order method (for product or service).
• A detailed calculation of your final product expenses must be provided
• Create a table that provide a distinction between raw material used for the products of their product
• Provide detailed distinction between variable and fixed cost in the process of evaluating your product price
• Provide detailed information about which incoterms used & why
• Provide a proper understanding on what influenced your pricing strategy and which pricing strategy you will be implementing
• Explanation of how you can reduce any potential risks that might impact your whole operations.
• Foreign currency calculations & which option is better.
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