Question

The _____________________ sometimes called a mother hen, a piggyback exporter, or an export vendor, is an export organization of a manufacturing company retained by other independent manufacturers to sell their products in foreign markets?

Answer 1

The Export Management Company (EMC) is the term used to describe an export organization retained by manufacturers to sell their products in foreign markets, managing tasks like sales, marketing, and logistics.

Step-by-step explanation:

The term you're looking for is Export Management Company (EMC). An EMC is an export organization of a manufacturing company retained by other independent manufacturers to sell their products in foreign markets. It acts as the export department for manufacturers, taking on the tasks of foreign sales and marketing, logistics, invoicing, and sometimes financing. In the scenario given, a foreign firm that has sold goods in the United States has earned U.S. dollars. This firm would look to an EMC to help repatriate those earnings to pay expenses in its home country. Similarly, U.S. tourists visiting other countries indirectly contribute to the balance of payments, which is another aspect of international trade where EMCs might be involved, ensuring that the earnings from exports exceed the costs of imports and other financial transfers.