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Case Study 12 Singapore Rises To Prominence in The World Market

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Jona Francisco

Singapore has risen to prominence through a strategy of extended entrepôt trading, which involves importing raw materials, refining them through adding value via changes to materials or production methods, and exporting the goods to foreign countries for profit. This strategy is effective for several reasons: it allows for product differentiation through refining materials; adds value at low cost; and occurs duty-free through ports, avoiding additional import/export duties and taxes.

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Case Study 12 Singapore Rises To Prominence in The World Market

Uploaded by

Jona Francisco
210 views1 page
Singapore has risen to prominence through a strategy of extended entrepôt trading, which involves importing raw materials, refining them through adding value via changes to materials or production methods, and exporting the goods to foreign countries for profit. This strategy is effective for several reasons: it allows for product differentiation through refining materials; adds value at low cost; and occurs duty-free through ports, avoiding additional import/export duties and taxes.

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Singapore has risen to prominence through a strategy of extended entrepôt trading, which involves importing raw materials, refining them through adding value via changes to materials or production methods, and exporting the goods to foreign countries for profit. This strategy is effective for several reasons: it allows for product differentiation through refining materials; adds value at low cost; and occurs duty-free through ports, avoiding additional import/export duties and taxes.

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© All Rights Reserved
Download as DOCX, PDF, TXT or read online from Scribd
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210 views1 page

Case Study 12 Singapore Rises To Prominence in The World Market

Uploaded by

Jona Francisco
Singapore has risen to prominence through a strategy of extended entrepôt trading, which involves importing raw materials, refining them through adding value via changes to materials or production methods, and exporting the goods to foreign countries for profit. This strategy is effective for several reasons: it allows for product differentiation through refining materials; adds value at low cost; and occurs duty-free through ports, avoiding additional import/export duties and taxes.

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Case Study 12

Singapore Rises to Prominence in the World Market

Why do you think the strategy of extended entrepôt  trading – importing raw
materials, refining them, then exporting them to foreign countries – is effective?

The strategy of extended entrepot trading is effective because of several factors that
involve both cost and revenue in the importing of raw materials and exporting to foreign
countries. First the materials, a country need to change the type of raw additives in
order to provide product differentiation for superiority of countries. Second the methods,
in order to add value based on this aspect is by changing the production methods or
regular work done which leads to giving added value at low cost. Third the market which
include mechanisms or means for determining price of the traded item, communicating
the price information, facilitating deals and transactions and effecting distribution.
Entrepot trading is also effective because trade occurs at duty-free ports, where these
goods do not have additional import or export duties, or taxes placed upon them.

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