Business Studies, asked by amaanrao1142, 5 months ago

collects information of various trade fairs
and exhibition to be held abroad.​

Answers

Answered by sachinknair
0

Answer:

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Answered by ahmadfardeen571
0

Answer:

1. Personal Contacts

2. Information

3. Deal Making

Explanation:

1. Personal Contacts:

Internet, e-mails, Skype, and video conferences provide for real-time contact and information exchange; but, they do not allow for physical product testing and lack personal interaction. Physical presence is extremely crucial in intercultural communication and can make all the difference. Furthermore, fast feedback and communication adaptation are essential. Trade shows bring suppliers and buyers together and, in most situations, provide the maximum concentration of decision-makers. Furthermore, they allow you to contact certain people who would otherwise be impossible to reach. Another advantage of trade shows is that attendees are eager to learn new things because that is the whole point of going.

2. Information

It can be gathered through desk research, but trade shows provide the most up-to-date competition data because every trade show participant displays his or her latest items or services: A single day at a trade show may supply you with more competition information than a week of internet research. Products from competitions can be inspected and tested, sometimes even under working situations. Furthermore, competitors' marketing activities can be watched, and best practices can be brought home.

3. Deal Making

Real people conduct business transactions. However, in order to reach an agreement, the parties must first establish confidence. Trade shows are an excellent place to meet new people and establish trust. A successful business meeting at a trade show can be the start of a long-term commercial partnership.

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