The Forlan Group is an export management company (EMC).It has found that potential clients are often confused as to what an EMC does.Which of the following is a function of an export management company such as The Forlan Group?
A)It starts exporting operations for a firm with the understanding that the firm will take over operations after they are well established.
B)It coordinates the Export Legal Assistance Network,a nationwide group of international trade attorneys.
C)It oversees volunteers with international trade experience to provide one-on-one counseling to active and new-to-export businesses.
D)It collects duties on exported products and sets interest rates for charging foreign investors.
E)It gives novice exporters the names and addresses of potential distributors in foreign markets along with businesses they are in.

Question

Quizplus · Accepted Answer

An export management company such as The Forlan Group acts as an outsourced export department for client firms. It helps firms start exporting operations and guides them through the process until they are well-established, at which point the firm takes over operations. Option A correctly describes this function. Option B describes a service offered by the Export-Import Bank of the United States, not by an EMC. Option C describes a service offered by the U.S. Small Business Administration, not by an EMC. Option D describes functions of government agencies such as Customs and Border Protection and the Federal Reserve, not of an EMC. Option E describes a common service offered by EMCs, but it is not the best choice in this case because it does not clearly differentiate an EMC from other service providers.

The Forlan Group Is an Export Management Company (EMC)