The post second world war period witnessed a growing interest in integrating national economies at regional levels. The need for Realization of limitations imposed by national frontiers, Benefits
General Agreement on Tariffs and Trade (GATT) brought about an orderly development of the International trade. It established a forum for continuing consultations. It brought to the conference
Functions of GATT In fulfillment of its objectives, GATT adopted certain measures. These may be discussed under the following headings. Most favored nation clause Trade negotiations Tariff and
The following are the non tariff measures of General Agreement on Tariffs and Trade (GATT) for effective international discipline and favorable treatment for developing countries. Non-Tariff measures of
The World Bank recommended the establishment of an International Trade Organization (ITO). Instead of ITO, General Agreement on Tariff and Trade (GATT) was formed in 1948. Objectives of
Certain institutions have been established exclusively for the purpose of quality control and inspection in India. These include export inspection council, export inspection agencies, Bureau of Indian Standards,
Disadvantages, drawbacks or Challenges in distributing services through electronic channels The service principals face the following problems in distributing services through electronic channels: customers are active and they
The service principal provider encounters the following challenges while involving agents and brokers in distribution process: Disadvantages of delivering services through agents and brokers 1. Loss of control
The following are the benefits of electronic channels. Consistent delivery for standardized services Low cost Customer convenience Wide distribution Customer choice Quick customer feedback. Benefits of electronic channels
The advantages of using agents and brokers are explained below: Advantages of agents and brokers 1. Reducing selling and distribution costs: If a service firm needs to contact