Final answer:
Mother hen, piggyback exporter, and export vendor are other names for an Export Management Company (EMC), which is a firm that assists businesses in exporting their products by handling functions like market research, distribution, and logistics.
Step-by-step explanation:
The terms mother hen, piggyback exporter, and export vendor refer to an Export Management Company (EMC). An EMC is an independent firm that helps manufacturers and producers with the complex tasks of exporting goods and services. They perform a variety of functions including market research, distribution, company branding, and logistics.
EMCs are quite beneficial to companies that lack the expertise or resources necessary to manage exports on their own. They can also act as the export department for a company that prefers to outsource this aspect of their business. Using an EMC allows a company to enter foreign markets more easily and swiftly, as the EMC usually has established relationships and knowledge of the local markets.
These companies offer a comprehensive solution for businesses aiming to internationalize their operations but do not want to handle the intricacies of international trade themselves. From finding buyers for products to dealing with overseas regulations and documentation, EMCs cover all aspects of exporting processes, allowing businesses to focus on their core competencies while expanding into new markets.