Enrile, Juevyllee Azshley B.

BSCS4B

Activity 5.1

Apple Inc (Apple) designs, manufactures, and markets smartphones, tablets, personal
computers (PCs), portable and wearable devices. The company also offers software and
related services, accessories, and third-party digital content and applications. Apple’s
product portfolio includes iPhone, iPad, Mac, iPod, Apple Watch, and Apple TV. It offers
various consumer and professional software applications such as iOS, macOS, iPadOS,
and watchOS, iCloud, AppleCare, Apple Pay, and accessories. Apple sells and delivers
digital content and applications through Apple Store, App Store, Apple Arcade, Apple
News+, Apple Fitness+, Apple Card, Apple Pay, and Apple Music. The company has business presence across the
Americas, Europe, the Middle East, Africa, and Asia-Pacific. Apple is headquartered in Cupertino, California, the US.

Apple’s total net sales amounted to 394.33 billion U.S. dollars in their 2022 financial year, an increase from the historical
record of 274.52 billion U.S. dollars in financial year 2020. Apple’s annual revenue quadrupled in the last ten years.

Activity 5.2

1. Both goods and services can be imported or exported. Identify and discuss some of the likely differences in
exporting a good (physical product) versus a service.
- An exported good is tangible, whereas a service is primarily an experience. A service is something that you
experience at a certain time and it can't be repeated, whether it's a telephone call or working with a
professional like an accountant or lawyer.
2. Discuss how the association of Southeast Asian Nations (member countries) is likely to influence decisions
regarding import and export of their products within the region.
- The member states of the Association of Southeast Asian Nations (ASEAN) have not only abolished almost all
import and export duties on items traded between them but have also signed several Free Trade Agreements
(FTAs) both bilaterally as well as regionally via their membership of the bloc
 3. Assume you are exporting a perishable product from the Philippines to the United States. Identify the various
options available and discuss the advantages and disadvantages of each.
Advantages of Exporting perishable products
 Increase in Sales and Profits - Selling perishable products abroad boost sales and increase profits because
you will be introducing your product to an international market.
 Diversification - Selling to international market allows you to diversify your business.
 Potential for expanding the company - Exporting to an international market will increase your chance of
expanding your company.
 Sell Excess Products - If you have excess production of your products, you will be able to sell these products
abroad.
 Gain new knowledge and experience - Expanding your business internationally can help you gain ideas and
information about new business strategies, marketing techniques, and foreign competitors.

Disadvantages of exporting perishable products

 Extra costs - Venturing to international markets takes more time so you will spend some extra costs in
marketing materials, travel and transportation.
 Product Modification - When exporting to foreign countries, you need to modify your product to qualify for
the foreign country's safety standards and packaging requirements.
 Payment risks - Collections for payments maybe at risk but if you ask the customers to pay ahead through
paypal or bank deposit before exporting the product then there will be no problem.
 Export Licensing - You need to comply for the documentation and licensing requirements before you can
export.
 Market Information - Finding information abroad is more difficult and requires more time.

Exporting perishable products in the United States requires careful planning, organizing, financial management
and marketing plan, commitment and so on.

Activity 5.3