How important has government assistance been to Vellus Products? Do you think helping firms such as Vellus represents good use of taxpayer money?

Answer:

Government assistance has been of great help to Vellus products. It has helped a lot in expanding its export through U.S commercial service which would be way more difficult on their own.

• They help small and medium enterprises by providing customised market research which leads to an increase in sells.
• They help in attracting potential business partners to their firms.
• Exposers to qualified purchasers and distributors with the help of expense based projects.
• Advising and backing individualised trade.
• Programs on training and development on subjects such as trading and documentation.

The U.S commercial service has a Public-Private partnership agreement. Yes, helping firms such as Vellus represent a good use of taxpayer money.

Promotion of exports has contributed significantly to GDP of a country since a century. It is an important step toward economic growth and unemployment. The export was $ 1.7 trillion in 2008 which accounted for 12.7 percent of GDP. More than 10 million jobs were created.