MKT 310 Lecture Notes - Lecture 10: High-Context And Low-Context Cultures, Pro Forma, Global Sourcing
Document Summary
The importance of body language high context culture. The boss is expected to make decisions high power distance. Characteristics of brazil lots of corruption, big gap between rich and poor. The state of transportation in brazil terrible infrastructure. Importing: buying of products and services from foreign services and bringing them into the home market, also known as global sourcing, global procurement, or global purchasing. Managing export/import transactions: documentation: refers to the official forms and other paperwork that are required for export sales to transport goods and clear customs, documentation comes from supplier. Clear bill of lading: the shipment was good. Foul bill of lading: the shipment was damaged: export declaration, certificate of origin. Incoterms (international commerce terms: specify how the buyer and seller share the cost of freight and insurance, and at which point the buyer takes title to the goods, examples include: Fob (free on board named port of shipment) Cif (cost, insurance, and freight port of entry.
