StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

ExpoArte and Alternative Trade Organization - Case Study Example

Cite this document
Summary
From the paper "ExpoArte and Alternative Trade Organization" it is clear that ExpoArte generated a lot of revenues and sales from exports realized in North America and Europe. The potential clients for the company were Holland, Switzerland, and Germany…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.7% of users find it useful
ExpoArte and Alternative Trade Organization
Read Text Preview

Extract of sample "ExpoArte and Alternative Trade Organization"

1. Companies that survive in this market depended on maintaining their commercial buyers who specialized in handicrafts. Additionally, to survive in the market firms need to carry out large exports. The market under which ExpoArte operate has a variety of distribution channels that occur within the US and the European market. The common wholesale and retail importers are ATO. The department store regarded themselves as both the retailers and the importers selling their products at a considerably high price (NICARAGUA, n.d.). This departmental store serves the higher segment of the market.

Firms that concentrated on importing their purchased products sold them to domestic and regional retailers who later sold them at a higher markup. The retail importers manage to sell their stores to the public. Based on the market analysis, ExpoArte needs to focus on its generation of profits until they secure its bottom line. The company needs to embrace product differentiation and implementation of the economics of scale to increase its sales. The company also needs to cut down on its operational cost and increase its profits. This will help the company to strategize on passing their production costs off to their artisans. The company also needs to come up with a new management culture. The new management culture will incorporate setting up an appropriate organizational structure that will safeguard every aspect of the company’s operation.

This will entail setting up operation managers in each department within the company. The move will help the company improve and distribute its administrative power efficiently. The company also needs to focus on its website for the market, the website will help the company to expand its advertising strategy. The strategy will help the company market itself beyond its stakeholders. Financial forecasting and encouraging their clients to pay a higher percentage for their upfront will be important. The strategy will help the company to plan well and ensure that they meet their short-term financial obligations. The short-term effect of the strategy will make the company be rated as a going concern business.

2. The strategic plan for the company needs to be based on its inventory. The company needs to come up with an updated inventory system that will streamline the procedures and the firm to run its operations smoothly. To ensure that the new system works at its best, the company needs to train its employees on how to use the system. The company needs to come up with a short-term plan that will update all its records. This is because old and outdated data were still included in their current stock. This is dangerous for the company for it will not be able to keep track of its proceedings (NICARAGUA, n.d.). This tends to affect the decision-making process for the company.

The company also needs to organize its inventory items. From the case study, it is evident that at times it happened that a single product code was used for a similar product with varied colors. The company also needs to align some of its products. From the analysis, the ceramics were not easy to organize due to varied finishes, forms, colors, and designs. Therefore, a plan will need to come to incorporate a varied technique that will cater to the finishes and processes for the ceramic. Some of the anticipated processes include relief carving, molding, and spinning. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Case Study (2 Questions) Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from https://studentshare.org/business/1696575-case-study-2-questions
(Case Study (2 Questions) Example | Topics and Well Written Essays - 500 Words)
https://studentshare.org/business/1696575-case-study-2-questions.
“Case Study (2 Questions) Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/business/1696575-case-study-2-questions.
  • Cited: 0 times

CHECK THESE SAMPLES OF ExpoArte and Alternative Trade Organization

Impact of Export Subsidy on Demand, Supply, and Price

An export subsidy will cause the domestic production to increase, thereby enhancing exports in turn (World trade organization, 2006).... The author of the paper "Impact of Export Subsidy on Demand, Supply, and Price" argues in a well-organized manner that with the birth of free trade and the associated institutions such as WTO it was realized that subsidies do more harm than good in the longer run.... Also, the export subsidy is an alternative to the provision of production subsidy to producers competing with imported goods in the domestic market....
22 Pages (5500 words) Assignment

The Issues Pertaining with the Export and Import Transactions That Are Conducted by the Organizations

The laws and regulatory framework of any country are extremely important for any organization so that they can successfully conduct their export and import business.... nternational trade is a common practice by organizations so that they can gain their status of having a global presence....
10 Pages (2500 words) Essay

International Trade

he table obtained from the World trade organization in 2010, showed International Trade Statistics-Growth in the volume of world merchandise exports and production 2000-2007.... This paper ''International trade'' tells us that international trade is the exchange of goods and services across international borders.... While international trade has been present throughout much of history, economic, and political importance has been on the rise in recent centuries....
10 Pages (2500 words) Essay

Factors Affecting Trade of Sugar

The amount set for import must meet the US World trade organization requirement which is 1,117,195 tons of raw sugar and 22,000 tons of refined sugar.... These are trade barriers such as quota and bilateral agreements that limits trading opportunities of least developed countries.... As 120 countries partake of sugar allocations imposed by importing countries, it is important to understand if trade barriers create equal opportunity.... rg) Tariff quotas and bilateral agreements limit the free trade of small producing country with the US while farmers support policy is addressed to maintain the domestic farmers....
4 Pages (1000 words) Assignment

Quality And Export Products Of Ethiopian Trade Point

The paper "Quality And Export Products Of Ethiopian trade Point" examines the impact of international trading regulations as they now exist, on the activities of Ethiopian coffee farmers.... General Agreement on Tariffs and trade (GATT) is a UN agency for the promotion of free trade between signatory countries (called contracting parties).... Ethiopia earned $525 million from exporting 170,888 tonnes in the 2007/08 season, and hopes to earn $800 million from 224,831 of exports this year, according to the trade Ministry"....
14 Pages (3500 words) Case Study

Why Does Countertrade Persist

Since its manifestation in East-West trade in the midst of 1970, countertrade has increased and widened geographically to the entire world – the number of dealings actually increasing year by year.... ounter trading is also eminent as a means of financing global trade.... Such nations often have to deal out their overseas exchange assets consistent with a prioritized list of goods they desire to trade-in....
9 Pages (2250 words) Essay

Does Increase Trade Between the U.S. and China Benefits Both Countries International Trade Economic

This paper "Does Increase trade Between the U.... and China Benefits Both Countries International trade Economic?... gives an insight on the trade between the US and China; it provides import and export figures as well as, benefits and protectionism of this partnership to both countries.... Though China is still, by and large, a developing country, when one looks at the trade between the country and the United States, one will be shocked to find that the balance of trade is actually in favor of China....
14 Pages (3500 words) Essay

What Is Free Trade

This report "What Is Free trade" sheds some light on the classical free-trade theory that does not exist anymore.... However, neo-liberal theorists have continued to insist upon free trade, claiming that this increases efficiencies in production in all countries.... However, historical and present evidence shows that free trade leads to inequalities across countries, gains from trade being unequal, differences in welfare, and distortions in labor and product markets, particularly in the developing nations....
8 Pages (2000 words) Report
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us