What Is The Meaning of EPCG?
EPCG: EPCG stands for Export Promotion Capital Goods Scheme. Under this scheme, capital goods can be imported at a low duty of 5 per cent...
Enterpreneurship and Management of Small and Medium Enterprises
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What Is The Meaning of Embargo?
Embargo An embargo is a refusal to sell to a specific country. In the past, US had imposed embargo on Iran, Iraq and Cuba. When...
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What Do You Mean By Quotas?
Quotas Quotas are non-tariff trade barrier which impose quantitative restrictions. A country fixes in advance the limit of import quantity of a commodity that would...
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What Is The Meaning of Tariffs?
Tariffs Tariffs are taxes or duties on the goods which are being imported from abroad. Tariffs are in the form of customs duties. They...
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How To Evaluate Potential Markets?
Evaluation of Potential Markets. Evaluation of potential markets is an ongoing activity which is based on annual plan evaluation profitability evaluation efficiency evaluation and strategic...
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What Is The Meaning of Incipient Markets?
Incipient Markets. Incipient markets are not in existence currently. Export firms can use market research to know the trends and preferences that indicate emergence...
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What Do You Mean By International Market Segmentation?
International Market Segmentation. International market segmentation refers to process of dividing the world market into distinct subsets customers who behave in the same way...
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What Do You Mean By Geographic Segmentation?
Geographic Segmentation. Geographic segmentation is dividing the world into geographic subsets. Markets in geographic segments are proximity to one another. They are easier...
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What Do You Mean By Demographic Segmentation?
Demographic Segmentation. Consumers are grouped into homogeneous group in terms of demographic similarities such as age, sex, income level, education and occupation. This...
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What Do You Mean By Heterogeneity Segmentation?
Heterogeneity Segmentation. Heterogeneity refers to people who are unlike each other. Heterogeneity as regards income, social status, cultural background, likes and dislikes is useful for...
