International Trade and Effective Communication Styles
1. What is the role of export in the international trade? What benefits can the company get if it starts exporting its goods to other countries? Why are the fluctuations in the exchange rate between currencies worth paying attention to in exporting?
International trade is the exchange of goods and services between countries. This type of trade gives rise to a(приводит к возникновению) world economy, in which prices, or supply and demand, affect and are affected by global events. Trading globally gives consumers and countries the opportunity to be exposed to goods and services not available in their own countries. Almost every kind of product can be found on the international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies and water. The two most important reason are likely to be under-used capacity and diversity. Exporting will allow you to increase production, reduce unit costs and increase profits. Relying on just your own domestic market is risky because the market may decline. Selling in other countries allows you to spread the risk and develop opportunities abroad. With a decrease in the market value the ruble, of the dollar is rising and when you export it's beneficial for you. Because you get more profit. Advantages Increase of sales and profits Another possible advantage of tapping the international market is the lower cost of production. Disadvantages Taxes or tariffs imposed on imports from other countries Trade restrictions imposed at the government-level
6. What is factoring? How does it work and what are its advantages and disadvantages? What other ways of solving cash flow problems do you know?
Factoring is a business activity in which a firm sells its receivables to a third party and obtains cash in return. There are three main participants in this process; seller of the firm (client), customer, and the factor. In most of the cases, the factor is responsible for the bad debt, if the customer is incapable of
International trade is the exchange of goods and services between countries. This type of trade gives rise to a(приводит к возникновению) world economy, in which prices, or supply and demand, affect and are affected by global events. Trading globally gives consumers and countries the opportunity to be exposed to goods and services not available in their own countries. Almost every kind of product can be found on the international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies and water. The two most important reason are likely to be under-used capacity and diversity. Exporting will allow you to increase production, reduce unit costs and increase profits. Relying on just your own domestic market is risky because the market may decline. Selling in other countries allows you to spread the risk and develop opportunities abroad. With a decrease in the market value the ruble, of the dollar is rising and when you export it's beneficial for you. Because you get more profit. Advantages Increase of sales and profits Another possible advantage of tapping the international market is the lower cost of production. Disadvantages Taxes or tariffs imposed on imports from other countries Trade restrictions imposed at the government-level
6. What is factoring? How does it work and what are its advantages and disadvantages? What other ways of solving cash flow problems do you know?
Factoring is a business activity in which a firm sells its receivables to a third party and obtains cash in return. There are three main participants in this process; seller of the firm (client), customer, and the factor. In most of the cases, the factor is responsible for the bad debt, if the customer is incapable of