Which is profitable importing from other countries or try to produce in upgraded way in our country.?

Answer 1

For immediate profit, you look for a cheap source of product to sell. If you find a source outside your country, then you consider the transportation and customs costs, as well as the quality of the item(s) and compare it t what you can either buy or produce locally.

If it is cheaper to buy abroad, then you do that.

Producing at home is ideal for the domestic market and for the balance of trade for the country if the product is exported, but it tends to require a greater investment of both money and time.

As an example, Japan looked at a product idea that was rejected in USA as being too expensive to produce.

Japanese people looked at the rejected idea, and decided they might like to try it, so they bought the rights, and spent the time and money to fully develop it.

There was a considerable investment involved, but the results could not have been more positive, as they developed a device that changed many of our lives, a device we know as video tape machines , or Video Cassette Recorders (VCRs).

Answer 2

This is a permanent management concern and has no clear answer.

U need to check the volume of business to make an informed decision.

all low volume item, high capital intensive and tech. based products should always be imported. But in this case u loose your command on the product and market as soon u have more competitors.
In long run and if the capital is available and the demand is growing and the technology is stabled then investment may be made in India.
Last advice if U have a good feeling of the manufacturing environment in India then it would be better to start the up gradation or expansion.

Answer 3

I'd go with trying to produce in upgraded way in our country. The other sounds real expensive.

Answer 4

i do no longer think of it concerns precisely the place the money comes from this is going to fee so plenty extra money than what it does authentic now. If those costs are exceeded directly to the buyer then all of us will pay for it that way if law is exceeded to strengthen up taxes to cover it then (those without sensible accountants will probably ought to pay) the common public will pay. IF the fee spiral could nicely be controlled as is was hoping via Obama then the well-being besides by way of fact the profitability of yank company will boost. the main excellent earnings of time-honored well-being care is the humanity afforded via getting help to those in choose. Reluctance and scoffing at its proposed earnings is end results of the the massive ABUSE perpetrated via unscrupulous operators who've been defrauding the Medicare & different structures. the ecu equipment of fee further tax is a validation of the basis of all members paying a share for the easy solid---it sounds fairly great yet my chum in Germany who has corollary economic problems has no scientific coverage and is tax broke besides!! Germany remains paying for the absorption of Deutsche Demokratische Republic so won't be a honest parallel even nonetheless our equipment is overburdened with welfare for undesirable people and for Wall highway. considering that our government is now interior the corporate of bailing out failed organisations whilst they attain a definite length what's the definition of earnings any way ??

Answer 5

Ithink that producing American goods is the best rather than importing Chinese.