Global Trade:-

This type of trade is important as it promotes and encourages the growth, movement and purchase of your products from the international markets. The development of a detailed and thorough strategy is an important part of the planning process. Steps in developing a strategy include:

Evaluating your product’s export potential;Determining if you are really willing to make a commitment to international markets and evaluating whether your company is “export-ready”;Identifying key foreign markets for your products through market research;Evaluating distribution and promotional options and establishing an overseas distribution system;Determining export prices, payment terms, methods, and techniques;Familiarizing yourself with shipping methods, export documentation procedures, export financing, and other requirements for exporting.