Question 3 (5 marks) Although some products may not require any alterations to sell in a foreign market, several factors may give rise to the need for some modifications. Taking the case study into consideration, what you have learned in your study guide and by answering question 1 and 2, explain in practical terms to Theakston how the import countries legal requirements may give rise to product modification. Question 4 Entering a new country/market means dealing with a different kind of customer in a foreign environment with laws and regulations that may differ radically from those of the domestic market. Explain to Theakston some of the differences that they, as exporters will face when selling across national borders. You answer should be based on information you have gathered thus far, the case study and your study guide. 4.14.24.34.4FinanceandlogisticsDocumentationCustomsrulesandregulationExchangeControlRulesandRegulations (5) (5) (5) Question 5 (8 marks) Explain to Theakston's management why exporting is important at an individual company level. Your explanation should be practical and incorporate material provided in your study guide and what you have learned by answering the previous questions. 5.1 Lower unit costs 5.2 Spread of risk TOTAL MARKS: 75 marks Question 3 (5 marks) Although some products may not require any alterations to sell in a foreign market, several factors may give rise to the need for some modifications. Taking the case study into consideration, what you have learned in your study guide and by answering question 1 and 2, explain in practical terms to Theakston how the import countries legal requirements may give rise to product modification. Question 4 Entering a new country/market means dealing with a different kind of customer in a foreign environment with laws and regulations that may differ radically from those of the domestic market. Explain to Theakston some of the differences that they, as exporters will face when selling across national borders. You answer should be based on information you have gathered thus far, the case study and your study guide. 4.14.24.34.4FinanceandlogisticsDocumentationCustomsrulesandregulationExchangeControlRulesandRegulations (5) (5) (5) Question 5 (8 marks) Explain to Theakston's management why exporting is important at an individual company level. Your explanation should be practical and incorporate material provided in your study guide and what you have learned by answering the previous questions. 5.1 Lower unit costs 5.2 Spread of risk TOTAL MARKS: 75 marks