NMIMS JUNE 2023 INTERNATIONAL TRADE MANAGEMENT ASSIGNMENT
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Custom Shipping and Insurance
1. Your company imported one consignment on1st January 2022. The rate of duty of goods imported is 15%. Your company has kept the goods in the bonded stores for 6 months and went to clear the same in July 2022. At this time the rate of duty has increased to 20%. Your company insists on paying 15% duty which was prevailing at time of import and sought your advice on this. Please give the right advice to your company based on The Customs Act 1962.
2. Your company has imported one aluminium product from China after checking the rate of duty which was 20%. At the time of clearance customs has added anti-dumping duty 75% on your product. Your company got confused and asked your opinion whether this is correct. Kindly guide your company on anti-dumping duty.
3. You have joined a company as an Import Export Manager. The company is new and they seek your advice on the following:
a. What is first check of import clearance?
b. What is second check of import clearance?
Case Studies & Projects
Export Import Procedures and Documentation
1. You have been shortlisted for a campus interview for a position in Import Export documentation department. During the interview you are asked to give a list of at least 3 important documents required for Exports. Kindly explain any 3 documents that you feel are important for Exports.
2. Your company wants to export one consignment to a new customer in UK. Company is a bit skeptical about the on time payment from this new customer. Company wants to sell the product against Letter of credit and they ask you to provide information on LC and the number of parties involved. Please give your inputs on this.
3. Your company has got an order to export plastic glasses to Singapore. During the discussion of various documents requirements, the importer has asked your sales director to provide preferential certificate of origin. The sales director requests you to advise him on the following:
a. What is certificate of origin and how many types are there?
b. What is preferential certificate of origin and what is the purpose of this?
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India's Foreign Trade
Scenario
Domestically well-established brand called “HAND&CRAFT’ (H&C) which is an Indian Handicrafts manufacturing company called INDIC CRAFT (IC), involved in hand made products like carpets, carry bags, sofa covers etc. with natural fibers like Jute & Coir They were well known brand in domestic market, and they were exporting their products through Merchant exports, however now they decided to go for geographical expansion through Foreign Trade into European Union. If you are a head of their International business with IC, your task will be to establish the company as well as their INDIC CRAFT brands in the above-mentioned market/s (You can pick any one country from EU)
1. Discuss on Market identification process with respect to Indo Craft brands considering any one country from European Union. You need to discuss on regulatory requirements, how do you plan to proceed with a market survey and major non-tariff barrier and competition.
2. Once you have finalized on the target market how do you plan to work out the market entry strategy for the chosen target market.
3. a. How big is the total market size of Handicrafts exports from India, and what are the regulatory requirements for Handicrafts product exports to EU countries?
b. What is your suggestion to IC as Head of their International business, should they continue with Merchant exports of their brands or discontinue Merchant exports, give your logical response either way.
NMIMS SOLVED ASSIGNMENT JUNE 2023, NMIMS SOLVED ASSIGNMENT SOLUTION, NMIMS SOLVED ANSWERSHEET JUNE 2023
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International Business
Q1. You are a manufacturer of packaged sweets and salty snacks products from India and are keen on expanding your business globally. Discuss the challenges of marketing your product globally suggests measures to overcome them.?
Q2. Critics of WTO including economists such as Dani Rodrik and Ha Joon Chang have argued that WTO only serves the interests of multinational corporations, undermines local development, penalizes poor countries and is increasing inequality. Comment on the above and suggest the changes in your opinion can bring improvement to developing countries.
Q3. Read the following case study carefully and then answer the questions that follow: Your firm manufactures EV bicycles in India and wishes to market them globally. In spite of competition, you see that South Africa has a huge potential and plan to expand your retail operations in South Africa. a) Explain your market entry strategy to launch the EV bicycles in South Africa.
b) Explain major global pricing policies. Which of these pricing policies would you consider while launching the EV bicycles in South Africa?
SOLVED ANSWERSHEET JUNE 2023
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Operations and Supply Chain Strategies
1. List down the competencies needed for an efficient global Operations and Supply Chain. Which competency would you highly prioritize if you are a producer of a semiconductor, which has a global demand in today's scenario. Justify.
2. Online fashion retailer Zalando to lay off hundreds of employees. Google fires 450 staff, Twitter shuts 2 offices; Meta confirms 11000 layoffs etc. If you are one of the founders of service industry which steps you will take with respected to industry life cycle.
3. The Landmark Group owned "Home Centre" has grown into one of the largest retail and hospitality conglomerates in India. They have presence in India, North Africa and Dubai operating over 630 stores across 145 cities with over 9.4 million square feet of retail space. The company is planning for an aggressive growth in the next 5 years and as part of this is planning to expand to business to many countries in South America and Far East. The biggest challenge they face is of shipping the heavy furniture and maintaining the huge inventory, which adds on to a lot of costs.
a. You are appointed as business consultant in the organization. Suggest some different level of strategies that ultimately helps them.
b. Explain different expansion strategies with respect to "Home Centre".
NMIMS SOLVED ASSIGNMENT JUNE 2023, NMIMS SOLVED ASSIGNMENT SOLUTION, NMIMS SOLVED ANSWERSHEET JUNE 2023
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Project Management
1. A ABC company is launching the new project consist of designing and constructing a Cricket Stadium and Amenities around it. Prepare the RACI (Responsible, Accountable, Consult, Inform) Matrix with the following details.
a. Brief activity list (6-8 activities).
b. Figure out 4-6 project management related roles.
c. Prepare the RACI Matrix for the same.
2. A ABC company is launching the new project consist of designing and constructing a Cricket Stadium and Amenities around it. Consider following details for the project.
a. Feasibility study
b. Estimating the cost – Material and Construction
c. Designing of Stadium and Amenities.
d. Procuring the material
e. Construction and installation
f. Finishing work
You as a project controller are asked to submit your plan for project control. Cover different project control tools and explain how they will be applied in this case. Also, mention as a head of project control which control you will monitor personally and why.
3. Answer the following questions:
a. A ABC company is launching the new project consist of designing and constructing a Cricket Stadium and Amenities around it. For this work we have three options. The details for these options are given below.
I: Initial investment C1 to C6: Cash flow at the end of Year-1 to Year-6 respectively.
Consider Discounting Rate as 8% per year.
b. Consider a hypothetical project of conducting a grand event in stadium. Explain the triple constraints of a project in this context with the examples for each constraint. Give your summary comment about this.
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