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week5discussionthread_replies_1.docx

If you read these two discussion thread comments (excerpts) below in a forum, what would your response be? Please note: There is a 80 minimum word count per reply.

Excerpt 1

Jean-Pierre,

Great post! Imports and exports are the two components of a foreign trade. Foreign trade is the exchange of goods and services between the two countries, across their international borders. In India, exports and Imports are regulated by the Foreign Trade (Development and Regulation) Act, 1992, which replaced the Imports and Export and gave the Government of India enormous powers to control it.

Your Reply:

Excerpt 2 Jennifer, I agree that a major advantage of using licensing as a marketing tool is the independence that it creates. It is most beneficial when you want to market your product in different countries where the culture may be different from the home country that the product was created in. With the ease of ability to modify, products can easily be made suitable for other countries and cultures. Great post!

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