IB0016/SC0006/IB0019 – INTERNATIONAL LOGISTICS & DISTRIBUTION MANAGEMENT

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ASSIGNMENT

DRIVE	FALL 2016
PROGRAM	Master of Business Administration- MBA
SEMESTER	Semester 4
SUBJECT CODE & NAME	IB0016/SC0006/IB0019 – INTERNATIONAL LOGISTICS & DISTRIBUTION MANAGEMENT
BK ID	B1661
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Question.1. Write a note on the difference between national and international logistics.

Answer:Logistics is the organization and implementation of a complex operation that incorporates management of flow of things between the points of origin and consumption to meet the requirements of the customers. Any type of physical products can be shipped through logistics with a planned process that involves integration of information flow, material handling, packaging, inventory, warehousing and transportation.

Domestic logistics is the distribution of goods within a country, while international logistics is the distribution of goods beyond the country

Question.2. Explain the term trade blocs and list out the various advantages and disadvantages of trade blocs.

Answer:A trade bloc is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where regional barriers to trade, (tariffs and non-tariff barriers) are reduced or eliminated among the participating states.

Question.3. Distinguish between time charter and voyage charter.

Answer:There are different standard format time and voyage charter party contracts available that can be used with different type of commodity transportation. For example;

·       BIMCHEMTIME 2005 is a standard format time charter party contract, which is created by BIMCO, is used when chartering vessels carrying

Question.4. Discuss about air cargo documentation

Answer:For customs clearance and delivery at destination - and to fulfil HM Revenue & Customs tax requirements before export - freight forwarders should have a commercial invoice detailing the description, quantity and value of the goods being sold. This is attached to the air waybill and forwarded to the destination airport.

Air waybills

Question.5. Explain the various functions of outbound logistics.

Answer:Logistics is the efficient management of the storage and movement of products and information within a supply chain. Outbound logistics refers specifically to the planning and implementation of the distribution of goods to a business buyer or consumer. It differs from inbound logistics, where you manage income goods and information.

Storage and Retrieval: Before goods can be moved, they must be retrieved in your company's warehouse or inventory storage area. Typically,

Question.6. Explain some of the frictions and frauds observed in the distribution channel.

Answer:Channel conflict occurs when manufacturers (brands) disintermediate their channel partners, such as distributors, retailers, dealers, and sales representatives, by selling their products directly to consumers through general marketing methods and/or over the Internet.

Some manufacturers want to capture online markets for

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IB0015- Foreign Trade of India

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ASSIGNMENT

DRIVE	FALL 2016
PROGRAM	Master of Business Administration- MBA
SEMESTER	Semester 4
SUBJECT CODE & NAME	IB0015- Foreign Trade of India
BK ID	B1908
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Question.1. Write a note on composition of India’s foreign trade?

Answer: Composition of foreign Indian foreign trade means major commodity or sectors in which India is doing export and import. India is a very old participant in world trade. Indian foreign trade registered a number of structural changes during the planning period. The percentage of non- traditional goods in total export has increased i.e, export of chemical and engineering goods have shown a good rise. Some other items are gems and Jewellery. India is making export of few traditional goods like; tea, coffee, rice, pulses, spices, tobacco, jute, iron ore etc.

Question.2. Explain the composition of India’s import in detail?

Answer:Foreign Trade is one of the significant macro fundamental variable of an economy. India till recently was predominantly a primary goods exporting and mainly an industrial goods importing country.

In 1950s, India's share in the world trade was 1.78% which was decline to 0.59% in 1990 and continues to remain around 0.60% till now. India's share in world exports was 0.8% in 2006.

Question.3. What are the main features of India’s foreign trade policy and what are the various EPCG schemes?

Answer:EPCG scheme allows import of capital goods for pre production, production and post production (including CKD / SKD thereof as well as computer software systems) at 3% Customs duty, subject to an export obligation equivalent to 8 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled in 8 years reckoned from Authorisation issue-date. In case of agro units, and units in cottage or tiny sector, import of capital goods at 3% Customs duty shall be allowed subject to fulfillment of export obligation equivalent to 6 times of duty saved on capital goods imported, in 12 years from Authorisation issue- date.

b. Commodity boards

Answer:There are five statutory Commodity Boards under the Department of Commerce. These Boards are responsible for production, development and export of tea, coffee, rubber, spices and tobacco.

Coffee Board

·       The primary functions of the Board include formulating and implementing programmes and projects for growth and development of the coffee industry.

·       Promoting coffee consumption in India and exports in the international market.

·       Supporting research.

Question.5. What are the various schemes under India’s foreign trade policy?

Answer:India's Foreign Trade Policy also known as Export Import Policy (EXIM) in general, aims at developing export potential, improving export performance, encouraging foreign trade and creating favorable balance of payments position. Foreign Trade Policy is prepared and announced by the Central Government (Ministry of Commerce). Foreign Trade Policy or EXIM Policy is a set of guidelines and instructions established by the DGFT (Directorate General of Foreign Trade) in matters related to the import and export of goods in India.

Question.6. Write a short note on WTO and dispute settlement?

Answer:Dispute settlement is the central pillar of the multilateral trading system, and the WTO’s unique contribution to the stability of the global economy. Without a means of settling disputes, the rules-based system would be less effective because the rules could not be enforced. The WTO’s procedure underscores the rule of law, and it makes the trading system more secure and predictable. The system is based on clearly-defined rules, with timetables for completing a case. First rulings are made by a panel and endorsed (or rejected) by the WTO’s full membership. Appeals based on points of law are possible.

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Certificate in export import management – IB specialization

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ASSIGNMENT

DRIVE	FALL 2016
PROGRAM	Certificate in export import management
SEMESTER	Semester IV
SUBJECT CODE & NAME	Certificate in export import management – IB specialization
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Question.1. With reference to FTP 2015-2020, Explain the various measures introduced for Trade Facilitation and ease of doing business. Explain the MEIS Scheme

Answer:The much awaited Foreign Trade Policy 2015-20 was unveiled today by Minister of Commerce & Industry Mrs.NirmalaSitharaman, at VigyanBhawan. The new five year Foreign Trade Policy, 2015-20 provides a framework for increasing exports of goods and services as well as generation of employment and increasing value addition in the country, in keeping with the “Make in India” vision of Prime Minister.  The focus of the new policy is to support both the manufacturing and services sectors, with a special emphasis on improving the ‘ease of doing business’.

Question.2. Discuss application of Stretch Wrapping in Packaging.

What are the different cushioning materials used for packaging.

Answer:Stretch wrap or stretch film is a highly stretchable plastic film that is wrapped around items. The elastic recovery keeps the items tightly bound. In contrast, shrink wrap is applied loosely around an item and shrinks tightly with heat.

It is frequently used to unitize pallet loads but also may be used for bundling smaller items. The development provides a film around one or more products with the aim to stabilize protect and secure the cargo from tampering or theft. There are two main methods of the Pallet Wrapping process; the Vertical Development and the Horizontal

Question.3. Who is a CHA? Explain the responsibilities and duties of a CHA?

Answer:In India, a customs house agent (CHA) is licensed to act as an agent for transaction of any business relating to the entry or departure of conveyances or the import or export of goods at a customs station. CHAs maintain detailed, itemized and up-to-date accounts. A CHA license may be temporary or permanent.

CHA licensing regulations, 1984

·      No ceiling on the number of CHAs who may be

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Question.4. Explain about Export Credit Guarantee Corporation of India? What are the different policies offered by the ECGC?

Answer:The ECGC Limited (Formerly Export Credit Guarantee Corporation of India Ltd) is a company wholly owned by the Government of India based in Mumbai, Maharashtra. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce. Government of India had initially set up Export Risks Insurance Corporation (ERIC) in July 1957. It was transformed into Export Credit and Guarantee Corporation Limited (ECGC) in 1964 and to Export Credit Guarantee Corporation of India in 1983.

Question.5. Explain the different Avenues to enter business in a foreign market.What is Embargo?

Answer:Foreign market entry modes (Participation strategy) differ in degree of risk they present, the control and commitment of resources they require and the return on investment they promise.

There are two major types of entry modes: equity and non-equity modes. The non-equity modes category includes export and contractual agreements. The equity modes category includes: joint venture and wholly owned subsidiaries.

Exporting is the process of selling of goods and services produced in one country to other countries.

Question.6. You are a Handicraft products exporter. A prospective overseas client has shown interest in your products. Write a letter making a firm offer mentioning all relevant facts regardingproduct features, payment terms, transport details, insurance, delivery schedules,packaging etc.,? Assume all relevant details about the product and the client.

Answer:

Dear Sir/Madam

Sub : Offering Our Products to export

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Subject :Marketing Management

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AEREN FOUNDATION’S                                                           Maharashtra Govt. Reg. No.: F-11724

 

Name :Veerthapa                                                                                                                              Marks : 80

Course : Masters in Business Administration (MBA 4 Sem)

Subject :Marketing Management

Answer the following question.

Question.1. Explain Test Marketing. (10 marks)

Answer:Product development stage where the product and its marketing plan are exposed to a carefully chosen sample of the population for deciding if to reject it before its full scale launch. Test marketing is an experiment conducted in a field laboratory (the test market) comprising of actual stores and real-life buying situations, without the buyers knowing they are participating in an evaluation exercise. It simulates the eventual market-mix to ascertain consumer reaction. Depending on the quality and quantity of sales data required for the final decision, test marketing may last from few weeks to several months.

Question.2. Explain Forms of Direct Marketing. (10 marks)

Answer:Direct marketing is a form of advertising which allows businesses and nonprofit organizations to communicate directly to customers through a variety of media including cell phone text messaging, email, websites, online adverts, database marketing, fliers, catalog distribution, promotional letters and targeted television, newspaper and magazine advertisements as well as outdoor advertising. Among practitioners, it is also known as direct response.

Question.3. Explain Significance of Branding. (10 marks)

Answer:Branding is the marketing strategy used by firms to differentiate their products from similar offerings. It is especially important for small marketers who lack the promotional resources of big competitors. When a product has a unique name, appearance and image, it is easier for shoppers to find in a crowded marketplace. A strong brand identity can also affect consumer behavior by building emotional connections and reinforcing buying habits.

Question.4. Explain Sales Promotion Techniques. (10 marks)

Answer:Consumer sales promotion is a marketing technique that is used to entice customers to purchase a product. The promotions typically last for a set period of time and are used to achieve a specific purpose, such as increasing market share or unveiling a new product. A number of promotional techniques are commonly used by product manufacturers and sellers.

Sampling: Providing free samples is a technique used to

Question.5. Explain Warehousing and Inventory Decisions. (10 marks)

Answer:A simple definition of a warehouse is:

‘A warehouse is a planned space for the storage and handling of goods and material.’ (Fritz Institute)

In general, warehouses are focal points for product and information flow between sources of supply and beneficiaries. However, in humanitarian supply chains, warehouses vary greatly in terms of their role and their characteristics.

Question.6. What is Branding? (10 marks)

Answer:An effective brand strategy gives you a major edge in increasingly competitive markets. But what exactly does "branding" mean? Simply put, your brand is your promise to your customer. It tells them what they can expect from your products and services, and it differentiates your offering from that of your competitors. Your brand is derived from who you are, who you want to be and who people perceive you to be.

Question.7. Explain Channel conflicts. (10 marks)

Answer:Channel conflict occurs when manufacturers (brands) disintermediate their channel partners, such as distributors, retailers, dealers, and sales representatives, by selling their products directly to consumers through general marketing methods and/or over the Internet.

Some manufacturers want to capture online markets for their brands but do not want to create conflicts with their other distribution channels

Question.8. What is Nonstoreretailing? (10 marks)

Answer:Non-store retailing is the selling of goods and services outside the confines of a retail facility. It is a generic term describing retailing taking place outside of shops and stores (that is, off the premises of fixed retail locations and of markets stands). The non-store distribution channel can be divided into direct selling (off-premises sales) and distance selling, the latter including all forms of electronic commerce. Distance selling includes mail order, catalogue sales, telephone solicitations and automated vending. Electronic commerce includes online shopping, internet trading platforms, travel portals, global distribution systems and teleshopping.

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