Export: A Economy boosting Activity

An export is a good that is produced domestically but sold to a consumer overseas. Export is necessary to boost the country’s economy and create a global impact on foreign countries. Export marketing involves shipping goods abroad according to procedures established by both the exporting and importing countries. Exports are important for all countries, whether developed or underdeveloped. Export has broader economic importance as it offers multiple benefits to the national economy. Exports facilitate international trade and stimulate domestic economic activity by creating jobs, boosting production and also increasing government revenue collection. It is highly competitive as the different countries involved are at different stages of economic and industrial growth. Well, the export is mainly customer-oriented. The Exporter must identify the needs and wants of the customers and Consequently, they design and develop products to create and improve customer satisfaction. The focus on ...