The FETC IIEI CE® Body of Knowledge You’ll Learn
- Exporting Today - Identify the current trends in global exporting. Assess exporter’s expectations. Recognize how small businesses are competing with large corporations in today’s global market.
- Export Plan - Discuss the elements of an export plan.
- International Markets - Understand the process of introducing a product (or products) to the international market. Describe the importance of a “slow introduction” of products to a new market.
- Market Research and Entry - Identify target markets. Assess choosing a research strategy. Explain the importance of market research when introducing a product to a foreign market.
- Export Distribution -Understand and explain basic logistical and distribution methodologies in moving goods into the foreign market.. Assess the value and importance of various international distribution methods Recognize the value of distribution agreements.
- Pricing - Recognize proper prices of goods in an international market. Distinguish the difference between domestic and international pricing.
- Getting Paid - Differentiate the methods of payment involved in the exporting of goods. Distinguish the risks involved with the different payment methods.
- Shipping & Documentation - Explain the importance of proper documentation when exporting goods. Describe why proper documentation is vital when entering the international market.
- International Law, Duty and Taxes - Review the various international legal issues impacting international trade. Recognize patent and intellectual property legal considerations. Review international licensing issues. Assess export tax incentives. Discuss Free Trade Zone benefits. Recognize that there are special laws for “controlled goods”.
- Applications in Canada-Philippines Trading -Learn the cultural backdrop of doing business with Filipinos at home in their native land and as overseas workers and traders. The size and capacities of the niche market of Canadians of Filipino origin, as an economic, cultural, and social unit. Exercise the chance to export goods and services between the two economies.
