Maricopa Community Colleges  IBS106   19946-19976 
Official Course Description: MCCCD Approval: 11/26/96
IBS106 19946-19976 LEC 1 Credit(s) 1 Period(s)
Basics of Import Operations
An overview of the steps involved in importing a product or service from beginning to end. Course includes an introduction to the United States Customs Service, what customs brokers do, duty rate structure and determination, basic laws affecting imports, currency exchange and letters of credit. Practical advice about storage and transportation of shipments after they have cleared customs. Prerequisites: None.
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MCCCD Official Course Competencies:
 
IBS106   19946-19976 Basics of Import Operations
1. Identify important strategies in planning the importing business. (I)
2. Design a plan for setting up an import business. (I)
3. Assess the import potential of a given product or service. (I)
4. Analyze product ideas and evaluate foreign suppliers. (II)
5. Describe and evaluate various channels of distribution. (II)
6. Analyze research in choosing target markets for products. (II)
7. Describe how to modify products for the U.S. Market. (II)
8. Explain the methodology for locating and contacting sellers in foreign markets. (II)
9. Identify the various terms of payment and the advantages and disadvantages of each. (III)
10. Identify the various modes of transportation and the advantages and disadvantages of each. (III)
11. Define the risks involved with transportation and evaluate insurance options. (III)
12. Describe and evaluate the services performed by freight forwarders and customs brokers. (III)
13. Identify appropriate documentation for various import strategies. (III)
14. Describe the functions of customs and other regulatory agencies. (IV)
15. Choose and use the available sources of public and private import assistance. (IV)
16. Analyze the future trends developing in the import arena. (V)
17. Identify current issues that impact importing opportunities. (V)
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MCCCD Official Course Outline:
 
IBS106   19946-19976 Basics of Import Operations
    I. Planning the Import Business
        A. Evaluating the planning process
        B. Self-evaluation of management ability
        C. Starting the importing business
        D. Setting up the business
      II. Terms, Markets, and Products
          A. Product and supplier selection
          B. Choosing target markets and finding customers
          C. Understanding payment information and terms
        III. Customs, Shipping and Transportation
            A. Shipping and transportation
            B. Freight forwarders and customs brokers
            C. Documents
              1. Commercial
              2. Banking
              3. Transportation
              4. Government
          IV. Governmental Assistance and Regulations
              A. U.S. Customs
              B. Other regulatory agencies
              C. Sources of assistance
            V. Challenges Faced by Importers
                A. Import quotas
                B. Policy considerations
                C. Regulatory environment
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