For your business plan, you'll need to determine how a product like yours is manufactured. Try using sources like scholarly articles, books, and videos. Take notes on machines, materials or processes that are identified and use these words as search terms later.
Once you have an idea about the process for making a product siimilar to yours, you can search for companies that sell the equipment or materials you'll need.
Transportation concerns the movement of products from a source—such as a plant, factory, or workshop—to a destination—such as a warehouse, customer, or retail store, according to the Encyclopedia of Small Business (2007, p. 1125). It includes both getting materials to your facility for production and distributing your finished goods. Transportation may occur by air, water, rail or road. Transportation costs "generally depend upon the distance between the source and the destination, the means of transportation chosen, and the size and quantity of the product to be shipped."
Image source: Storyblocks
Transportation. (2007). In Encyclopedia of Small Business (3rd ed., Vol. 2, pp. 1125-1127). Gale.
A freight rate is the cost of transporting goods from one point to another. The freight rate is affected by the distance the goods need to travel as well as the nature of the goods, including whether they are breakable or perishable (Mayhew, 2023).
Search in Google for international freight calculator to see options like Freightos or Freightfinders. Almost all of these sites will require you to sign up for a free account to see your estimated costs.
Image source: Tiry Nelson Gono on Unsplash
Mayhew, S. "freight rate." In A Dictionary of Geography. Oxford University Press, 2023.
The International Trade Association define a tariff as "a tax levied by governments on the value ... of imported products" (ITA, n.d.). The company buying the product pays this tax to the U.S. Custom and Border Protection agency. Tariff rates differ by product category and export country.
Businesses can determine tariff rates by searching the Harmonized Tariff System (HTS).
Image source: Storyblocks
JMU Libraries has created several tutorials in Google Slides to help students use our specialized business resources.
Click on the name of the database to open the tutorial that shows how to search for data and cite the information you find in APA style.