Exporting, Importing, And Countertrade. Bethel University.

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Exporting, Importing, and Countertrade
Bethel University
Alacia Mitchell
Dustin Warmath

Exporting, Importing, and Countertrade are three key factors of the barter and trade system between different countries and nations. Although there are many negatives when it comes to the barter system between countries, there are far more positives at hand. With a greater number of positives to take into account, the negatives are outweighed. While these key factors are very similar, they are very different in their specific jobs, and come with different risks. In the barter and trade process between nations these three tactics are used to achieve the same goal, receiving goods that are not locally attainable. The first key
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Often these steps are followed by negatives. According to page 3, firms must face and understand the risks accompanied by foreign exchange, note the possible challenges of doing business with foreign markets, and identify marketing opportunities (Farooq). While these steps are carried out by all firms, they can be very daunting. This is why large firms, that are more experienced, proactively seek marketing opportunities. Due to their size, these small firms tend to be intimidated when it comes to seeking opportunities, therefore they seek them reactively. When these steps are not carried out carefully and as planned, the negatives of exportation come forth. Where most firms find themselves in trouble is when they have poorly analyzed the market in which they are trying to export, lacking expertise required to enter a foreign market, or poorly executed campaigns with their desired market. The reasons stated above are why the barter and trade system needs the two other key factors in order to successfully work.
The second key factor is importing. The process of importation is defined as bringing goods or services into a country from abroad for sale. If one were to consider importing and exporting as a push/pull relationship, importing would be the pull while exporting would be the push. Both importing and exporting play a crucial role in the make-up of a nation’s economy, importing is
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