The GM Micro-Challenges are intended to help you appreciate the resources available and challenges associated with global marketing to another country. For these assignments, you will assume the role of an employee at a company providing global marketing assistance. You will engage in tasks and research related to the specific country and US state which you have been assigned (YOUR COUNTRY/YOUR STATE).
The GM Micro-Challenges will involve your responding to a selection of memos from your manager. Your responses will require the collection, analysis, and concise provision of the information requested of you in a business memo format. YOUR COUNTRY/YOUR STATE ( Country Denmark, State Connecticut)Memo FormaUse a standard business memo format for your response. Your memo should include all the pertinent parts of a business memo.
A sample memo can be found HERE (Links to an external site.).M6 – GM Micro-Challenge: Export PriceYour manager’s next memo to you is below. In it your manager is giving you tasks to address regarding international trade. You are not expected to be an expert, just willing and able to use the resources available to develop an accurate response.
Your memo should start with an intro statement that reminds the manager what questions you are responding to. Next, respond to each question in sequence. For each response, clearly state the question(s) you understand you are to address.
Then give a written answer to the question that summarizes your understanding of the source info and state what source you used. Your written answer should then be supported with
(1) an image that shows the specific source info you used, and
(2) a weblink for that source in case your manager wants to get additional info. To: YouFrom: Your ManagerDate: June 27, 2021Subject: Export PriceNow that shipping details have been considered, clients need some additional information to estimate landed cost for export pricing purposes. They have contacted your company for help.
Consider each subject, examine sources, and provide a brief response. Screen clip and include an image of your source material. That image should show the name of YOUR COUNTRY/YOUR STATE and the exact information that supports your response. If you cannot find the exact information, use a port very close by to get a rough idea.
Some potential sources you might find helpful are provided.
1. Collect the specific information needed to estimate the export price or “landed” cost for their product – roasted, decaffeinated instant coffee (in bulk) – which is to be exported from YOUR STATE in the US to YOUR COUNTRY. To estimate landed costs for pricing purposes, the company will need the information below. This video on how to determine total export price HERE (Links to an external site.) will help.
A. Determine the US’ 6-Digit HS Code for that product. (The Schedule B Search Engine is HERE (Links to an external site.).)
B. Determine the tariff category used for imports into YOUR COUNTRY from the US (“General Rate,” “Most Favored Nation” (MFN) Rate, OR “United States of America Rate”). MFN rates apply to WTO members. A list of WTO members can be found HERE (Links to an external site.). A list of countries with Free Trade Agreements with the US which would have a special rate is HERE (Links to an external site.).
C. The US company will be shipping a 40′ standard Full Load Container (FCL) of the product to YOUR COUNTRY. The invoice value of the shipment is $20,000. Insurance is 10% of the invoice value.
2. Estimate the market rate for ocean freight from YOUR STATE to YOUR COUNTRY in US dollars.
A. Using the two relevant maritime ports and the containerized shipping option, get the current market rate estimate in dollars between these two ports. Use the higher end of the range for your calculations. (Use the Freight Calculator tool available at World Freight Rates HERE (Links to an external site.))
3. Calculate CIF. Show all your calculations.
4. Determine tariffs and taxes.
A. Based on the tariff category, determine the tariff percentage and calculate the duty that would be associated with these imported products. Access the US Country Commercial Guide for YOUR COUNTRY HERE (Links to an external site.) and look under the “Customs, Regulations & Standards” tab for Import Tariffs. Use the average tariff rate and calculate it (CIF).
B. Determine the value-added tax (VAT). Access the US Country Commercial Guide for YOUR COUNTRY HERE (Links to an external site.) and look under the “Customs, Regulations & Standards” tab for Import Tariffs to get the value-added tax (VAT). Use the average rate and calculate it (CIF+duty amount).
5. Estimate the landed cost. Show your calculations. This video on how to determine total export price HERE (Links to an external site.) will help.
6. What are the import requirements and documentation needed for YOUR COUNTRY?
A. Access the US Country Commercial Guide for YOUR COUNTRY HERE and look under the “Customs, Regulations & Standards” tab for Import Requirements and Documentation.
7. Is there a customs broker that has an office in YOUR COUNTRY?
A. Visit the website of two customs brokers with offices in YOUR COUNTRY. Detail the services that each company provides. Provide contact information for each.
Why Choose Us
Top Quality and Well-Researched Papers
Keeping in mind your instructions and guidelines, our writers ensure to do extensive research before beginning to write. Unique and quality paper is our top priority.
Professional and Experienced Academic Writers
Our team of writers and editors have many years of experience in academic writing. They are native English speakers and able to handle any academic task with ease.
Free Unlimited Revisions
We offer free unlimited revision to our clients. Whenever you feel the need to revise your work submit to our able editors. Our editors will ensure that your paper will be revised to meet your guidelines.
Prompt Delivery and 100% Money-Back-Guarantee
As a team we work hard to ensure a timely delivery of your papers. All you need to do is specify the time frame that you want you paper be submitted. We will work round the clock to beat the deadline.
Original & Confidential
We value your confidentiality and all our payment method are secure. We also use high end writing tools to ensure that all papers delivered are unique.
Customer Support 24/7
Our customer support team are available 24/7 to accept your orders and queries. We are committed to provide you with the best customer experience.
What Our Paper Writing Service Guarantees
You do not have to worry on what to expect because at mypaperwriterspro.com we guarantee you;
Our team of writers and editors is composed of people with diverse writing experiences. All of them have a Ph.D. They are all Ph.D. or M.A. graduates with extensive experience in academic and essay writing. We offer high-quality, original academic writing at an affordable cost.
Every order is written from scratch. We ensure that your papers conform to English conventions and the requirements of your discipline. To ensure originality, we also perform originality checks on all academic papers. Our success rate is 99% and many of our clients achieves their desired grades.
Mypaperwriterspro has a strict anti-plagiarism policy. To ensure that your paper is not flagged as plagiarism, we take extra precautions when writing it. Professional plagiarism detection software is used by our custom paper experts.
Mypaperwriterspro takes the privacy of clients' information very seriously. Mypaperwriterspro does not disclose any information about our transactions with third-party services. Nobody will ever know that you have hired our paper writing service to help with your paper.
Our website offers online security for our customers. Your passwords and personal information are protected and cannot be accessed by anyone else. Our customers are assured that their accounts will not be compromised by hackers. Learn more about the data that we store and how it is used in our privacy statement.
When you order our paper service, you get unlimited free revisions and unlimited drafts. We will ensure that you submit flawless papers. Our paper help website allows you to request multiple revisions.
If the order form indicates that modifications or adjustments are required, only those should be made. These guidelines include, but are not limited to:
You can reach us by email, phone, and live chat. We are always interested in hearing from our customers. We welcome any feedback regarding our paper assistance service. Our customer service representatives are available 24/7, even on holidays and weekends. They can help you place orders, check the status of your order, answer questions, or simply provide information.
Chat with your paper specialist via our live chat. Our professionals are available for unlimited chats. All your questions will be answered within minutes
Do you still feel dissatisfied with your final paper? Don't worry. Mypaperwriterspro is committed to customer satisfaction.
Although it is rare, you can request a partial or full refund if your final paper is not written to your satisfaction. Mypaperwriterspro views our money-back guarantee more as a right than a benefit.
We believe that our clients deserve the best paper services available online. We offer a simple and straightforward refund process if you are not satisfied with the paper.