This document discusses export strategies for PRAN RFL group, a Bangladeshi company. It describes exporting as selling goods and services in foreign countries from one's home country. When exporting, a company must consider labeling, packaging, and marketing to fit foreign demand. PRAN RFL group exports juices, drinks, confectionary, snacks, plastic furniture, and plastic household items. Their export strategies include using foreign distribution channels or establishing foreign subsidiaries. Foreign distribution channels involve contracting with a local distributor and can be direct or indirect. A foreign subsidiary channel involves opening branches in other countries to directly sell and distribute products.
This document discusses export strategies for PRAN RFL group, a Bangladeshi company. It describes exporting as selling goods and services in foreign countries from one's home country. When exporting, a company must consider labeling, packaging, and marketing to fit foreign demand. PRAN RFL group exports juices, drinks, confectionary, snacks, plastic furniture, and plastic household items. Their export strategies include using foreign distribution channels or establishing foreign subsidiaries. Foreign distribution channels involve contracting with a local distributor and can be direct or indirect. A foreign subsidiary channel involves opening branches in other countries to directly sell and distribute products.
This document discusses export strategies for PRAN RFL group, a Bangladeshi company. It describes exporting as selling goods and services in foreign countries from one's home country. When exporting, a company must consider labeling, packaging, and marketing to fit foreign demand. PRAN RFL group exports juices, drinks, confectionary, snacks, plastic furniture, and plastic household items. Their export strategies include using foreign distribution channels or establishing foreign subsidiaries. Foreign distribution channels involve contracting with a local distributor and can be direct or indirect. A foreign subsidiary channel involves opening branches in other countries to directly sell and distribute products.
International Business (INB 301) Group Assignment Semester- Spring 2020 Section-5, Group Name- Submitted to: Mr. Kazi Md. Jamshed Submitted by: Mohyminul Haque ID: 1810117 Foisal Haider ID: 1822111 Sayid Hasan Jordar ID: 1910861 Alidur Isnad Alid ID: 1931255 Md. Mahmudul Hasan Emon ID: 2020808
Date of Submission: 22/04/21
Exporting Exporting is the selling of goods and services in foreign countries that are sourced from the home country. Since exporting is usually the simplest way to reach a foreign market, most businesses begin their international expansion with this strategy. This mode of entry has the benefit of avoiding the costs of developing operations in a new country. However, the PRAN RFL group must find a way to sell and distribute their goods in the new country, which they usually do through contractual arrangements with a local company or distributor. When exporting, the company must consider labeling, packaging, and selling the product to fit the demand. In terms of marketing and promotion, the company would need to inform potential customers about its products and services, whether through advertisements, trade shows, or a local sales force. The costs of shipping goods into the world, which can be high and have a negative effect on the climate, are one of the drawbacks of exporting. Furthermore, several countries levy tariffs on imported products, which would have an effect on the company's earnings. Furthermore, companies that sell and distribute goods under a contractual arrangement have little power over such activities and, as a result, must pay a fee to their distribution partner. The exporting products of PRAN RFL group are Juices Drinks Confectionary Snacks Plastic Furniture Plastic Household PVC Pipes, Fittings PRAN RFL groups export is limited in two types of exporting Foreign distribution channel Foreign subsidiary channel
Foreign distribution channel
The term "distribution" refers to the location and manner in which a product or service will be shipped for sale, as well as all of the necessary mechanisms and logistical support for the delivery of goods and services to customers. A effective marketing channel ensures that a desired product is distributed in the desired quantity to the desired outlets, thus satisfying customers. If someone considers the main strategy of the marketing mix the greatest opportunity for gaining a competitive advantage over other firms, marketing channel decisions are the most important decisions for a company. Wholesalers, manufacturers, and distributors are all part of a distribution system, which is a network of businesses or intermediaries through which a product or service moves before it meets the end customer. They can use two types of distribution channels 1) Direct channels 2) Indirect channels Direct channel: The term "direct channel" refers to when a manufacturer approaches a customer directly to sell a product. Methods of Direct Channels they can use: 1) Door to door selling- Company can use some worker for selling their product door to door. 2) Internet selling- Company can create online platform for customer. Customer can direct order the product. 3) Mail order selling- For the people who don’t use social media company can also use this method. 4) Company owned retail outlets- In this method company use their own outlet for selling. And by this method company can miss the middle mans. Indirect channels: The term "indirect channel" refers to when there is a middleman between the end user and the distributor. Indirect channel can be:
Manufacturer Retailer consumer
Foreign branch/ subsidiary channel:
Company may use many countries, like USA, Australia, UAE, Saudi-Arabia, Qatar, Oman, Malaysia, Singapore, Somalia PRAN-RFL company have got its own foreign branch or subsidiary channel for Drinks, Bakery and confectionary items equipped with full-fledged office, warehouse, distribution vehicle, sales force,& other sophisticated supports.