5. Do you think Danny is equipped to be bringing the product to a foreign country? Why?

If not,
who should be executing this?
Yes, Danny is capable of transporting the product to another country for the following reasons:
 They will travel to a particular country to examine the potential of expanding their
product line. To take in as much as they can about the culture, behaviour, preferences,
and taste, which is a good step to make in terms of expanding product into other
countries, because numerous variables are always vital, regardless of which entrance
strategy a company picks.
– Differences in culture and language. These have an impact on all internal and
external connections, as well as dealings with customers and the government. It is
vital to understand the local business culture in order to be successful.
– Concerns about politics and the economy. Companies must decide how much
investment they are willing to undertake, what is required to make this
investment, and how much of their revenues they may repatriate as policy
changes frequently.
 The corporation chooses the right person to examine the product potential to foreign
countries. Because a product manager is the person who identifies the customer need and
the larger business objectives that a product or feature will fulfill, articulates what success
looks like for a product, and rallies a team to turn that vision into a reality
 They have an office in Thailand, which is only a 20-minute drive from Bangkok, the
country's capital and most populous city.
6. Is this idea a smart idea, a necessary step, or an uncalculated risk?
The corporation's decision to bring their product to foreign countries is a wise one because it will
allow them to expand.
Benefits of bringing the product to a foreign country:
 Markets. The business will have access to a new market, which will result in increased
profit.
 Money. They will have access to foreign currency, which will benefit businesses in
various parts of the world.
 Manufacturing. The cost of manufacturing a given unit reduced because the company
was able to manufacture in higher volumes and buy source materials in larger quantities,
getting the benefit of volume discounts.
7. What challenges in importation can he encounter?
Global import can be extremely rewarding, but there are frequently obstacles to overcome.
– Possibility of loss or damage to goods in transit
– Supplier problems, such as failure to supply
– Transport delays and potential port hold-ups
– The possibility of performance or health and safety problems
 – tariffs on imports
– goods storage in bonded warehouses
– changes in currency
8. If RICAN builds a plant in Thailand to reduce import costs and tariffs, what challenges can
they encounter?
While outsourcing manufacturing may reduce production costs, it also introduces a number of
challenges and risks that could impact profits.
 Barriers to Communication. Sending production to other countries can create
communication barriers, which can impede timely production and delivery of goods.
Foreign managers and workers may not be fluent in English, which can lead to confusion
or miscommunication about production quantities, costs, and deadlines.
 Time Zone. Time zone differences can make it difficult to schedule meetings and cause a
lag in electronic response time.
 Dependability on suppliers. Outsourcing production overseas makes a company reliant
on foreign suppliers. Wages in other countries can rise, and foreign manufacturers' prices
can increase, reducing the cost benefit of manufacturing abroad over time. Furthermore,
if a supplier runs into financial difficulties, it may be unable to complete orders, resulting
in a disruption in the supply chain.
 Control. Managers will not have the same level of control over costs and production
processes as they do over domestic facilities if manufacturing is moved abroad.
 Public Relations. Sending factories to other countries can harm a company's and its
brands' reputations. Companies that use foreign manufacturing sites may be perceived as
giving domestic jobs to foreign workers, which can lead to a negative public image.

REFERENCES:
https://courses.lumenlearning.com/suny-internationalbusiness/chapter/9-1-what-is-importing-
and-exporting/
https://www.nibusinessinfo.co.uk/content/insurance-export-and-import-risks
https://bolstglobal.com/portfolio-items/5-common-challenges-faced-by-importers/
https://yourbusiness.azcentral.com/disadvantages-manufacturing-sites-other-countries-
20922.html