The topic is a financial advising company. Consider these factors as they relate to the...

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The topic is a financial advising company. Consider these factors as they relate to the international arm of your business: (Address the R&D involved in your business and address the three different phases of planning your production overseas)

·How your product will be shipped to overseas customers and the price of that shipping.

·How Australian GST laws will affect overseas prices

·How laws in other countries or international agreements might have a major impact on your business. This may not be too relevant to your product, but if, for example, your product is a military one or one that disrupts the environment, you should discuss the laws that might impinge on your business.

2. Explain the purpose a “Freight Forwarder” typically serves and explain how a Freight Forwarder could help in your business.

3. Explain how you could set up an international marketing campaign with both Google and Facebook. That is, provide a broad outline of the most useful marketing strategies you could take advantage of and provide an indication of possible costs.

4. Explain how you and your internationalbusiness team would approach managing your financial commitments and keeping financial records. In particular:

·Would you do it yourself or hire someone to manage it for you? If you would hire, when would you do so and how much would it likely cost in the first year. If you would do it yourself, explain the legal obligations that the government imposes on businesses in order to fulfil their taxation obligations in Australia.

·What are the most important documents you would need to keep?

5. Identify what is meant by risk and reward in the international space and define economics withtypes of economic systems likely to be encountered internationally for your business.

Ishita · Accepted Answer

INTERNATIONAL EXPANSION OF COMPAREZ
Executive Summary
This report discusses about Comparez’s expansion into the international market. The report discusses about the methods of expansion into the overseas market and the impact of Australian GST on the expansion of the business. Management of finances along with the freight and marketing strategies has been discussed. The report shall also discuss about the risks and rewards Comparez will have after expanding its business into the international market.
Table of contents
Introduction	4
Shipping to Overseas Markets	5
Freight Forward	5
Marketing Campaign	6
Managing Financial Commitments	7
Risks and Rewards	8
References	10
Introduction
For Comparez to grow its business it is important that Comparez should expand its operations into the international market. The company must choose the right product to expand itself into the international market and should also choose right distribution channels to launch its products and services across the borders. Launching the products into international market require a lot of extensive research of the target market as well as the economic and political conditions of the market to which the product or service needs to be shipped. 
Shipping to Overseas Markets
There could be a number of ways to ship the product or services into the international market. Comparez must know the demand for their services into the international market and should know how the targeted countries regulate these services. Comparez must understand whether there services are taxable in the international market outside Australia. To provide its services into the international market Comparez might need to send its employees to the other countries. Automation software might also prove extremely helpful in sending these services to the overseas market. As suggested by Ozturk, Joiner and Cavusgi (2015) information technology and human resources might be combined for successfully providing the services to the overseas customers.
Comparez might first know the average cost of their services in order to ensure that they don’t overprice or under price their services. International customers are attracted to the best deals available therefore while deciding the method of expansion into the international market the company must understand the cost which the company will have to bear to expand their business into the international markets. The price of services in the international market must be decided on the average domestic orders. For deciding the shipping cost to the overseas market it is also important to decide who will be paying the import taxes and other fees. Shipping prices can be decided based on the flat rate of the services or the calculated rate of the services. Technology based rate shopping can also prove beneficial in determining the total delivery costs. GST might have a little impact on the overseas expansion of the business. However, credits for GST can be claimed after registering Comparez as an exporter of services with GST. To reduce the impact of GST on the products Comparez can reduce their profit margins.
Before expanding the operations into the overseas market Comparez must conduct a PESTLE analysis of the market mostly focusing on the economic and political conditions of the target market. As mentioned by Boulbaba (2018) conducting PESTLE analysis of the market will help Comparez to perform a situational analysis of the market. The taxation and other fees of import at the other country might have an impact on the expansion of business into the other markets. The political and economic conditions of the country are a major factor in determining the import and export rules for services and products. 
Freight Forward
Freight forward is a process through which individuals or firms helps in the shopping process of the business organisations.

The topic is a financial advising company. Consider these factors as they relate to the international arm of your business: (Address the R&D involved in your business and address the three different...

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