Entrepreneurship Case.. the Foreign Proposal
FACULTY OF BUSINESS, ENVIRONMENT & SOCIETY
CASE 14.3 – EDGAR’S BUSINESS
SUBMITTED BY : SODHI PRABJOT
STUDENT ID NUMBER : 30106256
LECTURER : DR. WONG WAI NAM
What type of arrangement is Edgar using in his business dealings with the firms in Australia, Singapore and Dubai? Be complete with your answers.
Edgar sells its products to different parts of the world through a contractual agreement. Edgar has a strong association in Australia, Singapore and Dubai to sell its products on the …show more content…
* Restrictions on foreign exchange: The law also stipulates that projects the following net investments in foreign currencies during the duration of the project - that is, foreign exchange, foreign currency expenditures. Funds must be removed for the Edgars Yen Chinese investment by local banks, with the exception of the purchase of shares of the capital and other specific exceptions apply.
If Edgar were looking for an alternative approach to doing business with the Chinese, what would you suggest? Defend your answer.
Enter the Asian countries and ways of doing business with the Chinese enter Edgar options: firstly, establish a new start business in China to study and analyze the current market situation there.
Setting up a new start up in china without the help of localities would prove to be senseless though. He needs to spend lot of money on just the market survey and get the right contacts. But if has a localite with him they would help him with all the hardships he faces while setting it up, infact problems can be solved in no time. On the other hand if he is selling his products through a dealership