What is domestic goods consumption in SAP SD-FT - Foreign Trade?

SAP Term: domestic goods consumption

• Component: SD-FT

• Component Name: Foreign Trade

• Description: The processing and trading of goods that have a customs status of domestic goods.

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• Key Concepts: 
  Domestic goods consumption is a term used in SAP Foreign Trade (SD-FT) to refer to the consumption of goods within a country's own borders. This includes both the purchase of goods from domestic suppliers and the import of goods from abroad. Domestic goods consumption is an important factor in determining a country's economic health. 
  
  How to use it: 
  In SAP Foreign Trade, domestic goods consumption is tracked and monitored using various reports and analytics. This data can be used to identify trends in domestic consumption, as well as to compare domestic consumption with that of other countries. This data can also be used to inform decisions about pricing, marketing, and other aspects of business strategy. 
  
  Tips & Tricks: 
  When tracking domestic goods consumption in SAP Foreign Trade, it is important to consider both the quantity and quality of the goods being consumed. Quality can be measured by looking at factors such as product durability, customer satisfaction, and environmental impact. Additionally, it is important to consider the impact of taxes and tariffs on domestic goods consumption. 
  
  Related Information: 
  Domestic goods consumption is closely related to international trade. When a country imports more than it exports, it is said to have a trade deficit. Conversely, when a country exports more than it imports, it is said to have a trade surplus. Understanding the relationship between domestic goods consumption and international trade can help businesses make informed decisions about their strategies for global markets.