Investing in Chinese Manufacturing Industry

ACKNOWLEDGEMENTS
I would like to thank our lecturer, Mr. A.B Teoh for the great help and support he has given me. He was always ready to help me whenever I had a problem. I would also like to thank my senior mates who helped me when I didn’t understand some areas. Lastly, I shouldn’t forget God, who has given me the strength in completing this assignment without any major problems.

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Choosing an Import Agent

In exporting, an agent overseas might be a company or partnership or an individual working on a self-employed basis. The agent agrees to try to win orders for you (the principal, i.e. the would-be exporter), and pass such orders on to you for possible acceptance, without the agent taking title to the goods. That’s how the word agent is used narrowly, but it’s also used in a wider sense to include some intermediaries who do buy and sell on their own account. Thus, there are several different types of agent in international trade. As an assessor for the professional body The Institute Of Export IOE International Trade www.export.org.uk

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Riordan – International Marketing Plan

Riordan Manufacturing is an industry leader in the manufacturing of plastic injection molding. Currently, Riordan Manufacturing employs 550 people and has annual earnings of nearly $46 million. Their parent company, Riordan Industries, exceeds $1 billion dollars per year in revenue. Currently, Riordan markets their products predominately in the United States but are in the process of developing an International marketing campaign for several countries in Asian market with an emphasis on South Korea. Ethical business practices need to be a part of the marketing strategy implemented. When it comes to South Korea, “It is a major international economic power; it has the 15th economy in the world and the 4th in Asia, behind Japan,China and India. Its largest trading partner and export market today is China.South Korea has achieved rapid economic growth through exports of manufactured goods, and is one of the Four Asian Tigers. Major industries in South Korea today are automobiles, semiconductor, electronics, shipbuilding, and steel.”

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