2019-01-25T11:32:03+00:00 Assignments

Every exporter will require an effective costing system to support their business. Explain why this is the case

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EXPORT PRACTICE & MANAGEMENT

 

Instructions to candidates:

 

a) Time allowed: Three hours (plus an extra ten minutes’ reading time at the start – do not write anything during this time)

 

b) Answer any FIVE questions

 

c) All questions carry equal marks. Marks for each question are shown in [ ]

 

1. Every exporter will require an effective costing system to support their business. Explain why this is the case. [20]

 

2. Analyse the various approaches available to an exporter to measure profit. [20]

 

3. Exporting as a method of trading has many characteristics which distinguish it from other forms of business. Analyse these characteristics. [20]

 

4. Analyse the advantages and disadvantages of the partnership structure as a form of business

organisation for an exporter. [20]

 

5. Evaluate the stages and actions involved in establishing an overseas trading operation. [20]

 

6. Review the issues that an exporter and importer will consider when negotiating on the price for a product. [20]

 

7. Review the main measures of liquidity and efficiency that an exporter will use to assess business performance. [20]

 

8. Review the reasons why an exporter will write down the value of their fixed assets. [20]


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