Precision is an independent firm which, in effect, acts as the exclusive import/export sales department for noncompeting manufacturers. Their loyalty is to their manufacturers and they are working hard to develop a successful import/export business.It functions in foreign markets as a sales representative or exclusive wholesaler for a manufacturer in foreign markets. Precision has a formal agreement with manufacturers (whom it often calls the "principal" or the "factory") to "manage" their exports. Generally, Precision receives exclusive rights to sell in all foreign markets.Precision has established sales networks abroad. It has established foreign sales and warehousing subsidiaries.Precision appoints export agents, or representatives, and networks of exclusive distributors and dealers in each foreign market.Precision has experience in all facets of exporting: Foreign travel, export marketing, etc.Here are the typical strengths:An ability to handle all details. Precision has the know-how to answer inquires, prepare quotations, enter orders, handle shipping details, and get paid.They are export professionals.The lifeblood of Precision is active contact with foreign firms.An ability to establish a strong foreign distribution system. They have the know-how to select agents and distributors, and to manage their distribution network.Precision is an expert on business conditions abroad. Precision executives travel for first-hand experience.At the home office in the World Trade Center Saint Louis, they constantly appraise market conditions and sales opportunities.Their profits are based on how successfully they export.Thus, they&＃39;re motivated to do a good job.What makes Precision unique is it acts as a principle or intermediary with smaller carefully selected manufactures. Precision specializes in certain products and/or focus on the E. U. Canada, Brazil, China, and India, while other EMC are generalists. Precision also, acts has an EMC for foreign principles in China, Brazil, and India. Precision may be involved in other export related activities such as procurement on behalf of foreign clients. Most of the Precisions clients are independent businesses.