An entrepreneur should select the right product for export because selection of the right export product is crucial for success in export business. The selection can be made on the basis of consideration of various factors. Some of these factors are explained below:
Image Source: blog.marshallreddick.com/wp-content/uploads/2013/01/checklist.jpg
1. Trends in exports
2. Production capacity and product availability
ADVERTISEMENTS:
3. Product adaptability
4. Demand in potential export market
5. Trade restrictions
6. Incentives/facilities offered by the Government