Source Google
Export Readiness:
Costing, Financial Forecasting and Product Pricing
Section 3 Part 3 c
International Payment Methods
This section of the export planning process also has a lot of detailed information. It will also be broke down into parts A,B, C etc ...
First post the worksheets covered in Section 3 Part 3 A
- Sales Forecasts—First Five Years
- Cost of Goods Sold—First Five Years
- Export Costing
- Worksheet: Marketing Expense Costs
On the last post Section 3 Part 3 B we covered worksheets
- Projected Income - First Five Years In All Markets
- Sales Forecast worksheet
- Cost of Goods Sold worksheet
On this post we are covering International Payment Methods
Source Google
To succeed in the international marketplace, you need to offer your customers competitive payment terms and methods. As a small business exporter, your principal concern will be to ensure that your company gets paid in full and on time for each export sale.
- It does little good to make an export sale if your buyer delays payment so long that the financing cost eats up the profit.
- Foreign buyers have concerns as well, such as ...
All Related Posts Are On
The Left Side Of This Blog
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MORE INFORMATION
Describe the major agencies that facilitate international trade with export insurance and/or loan programs. In any international trade transaction, credit is provided by either the supplier (ex- porter), the buyer (importer), one or more financial institutions, or any combination of these.
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Letter of Credit
a letter issued by a bank to another bank (typically in a different country) to serve as a guarantee for payments made to a specified person under specified conditions.
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What Are the Different Methods of Financing International Trade?
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