Export and Import merchants

Export merchants

• Perform the functions of traders (i.e. wholesalers or retailers).
• Buy goods from local manufacturers.
• Sell these goods abroad.
• Buy and sell goods in their own names.
• Sell goods at a profit.
• Pay cash immediately for goods bought.
• Reduce manufactures’ problems by exporting the goods because they:
• Transport goods on their own.
• Store these goods.
• Handle customs clearance.
• Advertise the goods abroad.
• Provide manufacturers with information on market conditions overseas e.g. on how well goods are selling abroad.

Import merchants.

• Act as traders.
• Buy goods from manufacturers abroad.
• Sell these goods locally.
• Pay cash promptly for the goods they buy.
• Buy and sell goods using their own names.
• Sell these goods to earn a profit.
• Warehouse the goods.
• Advertise the goods.
• Handle customs clearance.
• Inform the manufacturers overseas of goods with a fast rate of turnover locally.

To access more topics go to the Commerce Notes page.