1. Why is letter of credit the commonest method of payment in international trade? EX1: How to pay or be paid becomes a crucial choice as soon as you begin doing business across borders. When you do business internationally‚ there are ways of paying that you might never hear about when doing business in just one country. There are a lot of method of payment in intertraditional trade but the commonest method is letter of credit. Letters of credit are the most common method of payment in international
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Advantages: Information technology (IT) benefits the business world by allowing organizations to work more efficiently and to maximize productivity. Some of the advantages that IT can have on our enterprise are given as following. 1. Storage: Information technology creates electronic storage systems to protect our company’s valuable records. 2. Automated Process: In business‚ people look for ways to do more work in a shorter amount of time. IT improves our company’s efficiency by developing
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Lydon State University MBA (Finance) Subject:- International Business Topic:- Advantages & Disadvantages MNC to the host Country ( KSA) Submitted To :- Mr. Arman Submitted By:- Anum Latif Date:- 17 / 01 / 2012 Advantages:- | * Research and development activities: Developing countries lack in research and development areas. Expenditure on research and development is essential for the promotion of technology. Multinational corporations have greater capability for research
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identifying candidates who best meet those requirements. Succession planning involves using the supply of labour within the organization for future staffing needs. With succession planning‚ the skills and abilities of current employees are assessed to see which future positions they may take within the organization when other employees leave their positions number of key issues that need to be considered: • The succession planning program must have the support and backing of the company ’s senior level
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the cinema but also on travelling and many other things. Often‚ however‚ the cinema helps to spread knowledge. There are many films which show the activities of the various races of people living in the remote regions of the earth. Some films show how man has struggled through the centuries to make the world a better place to live in. There are also films which show the events that led to some of the important battles in the past. They are shown with so much realism that one remembers them for
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Nowadays‚ the internet is popular everywhere in the world. On my opinion ‚ the Internet provides many useful utilities for users but besides that it also has negative. This is because negative and positive of anything have to depend on their user . Advantages Communication: The foremost target of internet has always been the communication. And internet has excelled beyond the expectations .Still; innovations are going on to make it faster‚ more reliable. By the advent of computer’s Internet‚ our earth
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The advantage and Disadvantage of Stereotype In recent days‚ the definition of “green tea bitch” has been widely spread all over the Internet. That article listed dozens of characteristics of the so-called “green tea bitch” such as always feigning innocence and speaking quietly. Then there follow various similar definitions like “black tea bitch” that insult people because of those poor stereotypes. When it comes to stereotype‚ most of us will conjure up numerous images in our minds: an elegant
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to living in space‚ we have made life easier with technology. Economic survival has become more dependent upon information and communications bringing forth new technology of which was never thought possible. Just a mere thirty years ago a computer occupied a whole room compared today’s palm sized computers‚ which are faster and perform more functions. Cellular phones‚ now light and compact‚ were bulky just ten years ago. The most incredible invention‚ the Internet‚ is bringing infinite amount
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disabilities‚ and people of any age who have permanent kidney failure. It would seem as if Medicare would be one of the best programs afford to any citizen within the U.S‚ yet this program comes with same number of disadvantages and advantages. For instance‚ one of the disadvantage Medicare has is the variety of plans that the consumer must choose from. Due to the huge amount of options being provided‚ the consumer may be left confused and over whelmed. To continue‚ any consumer being helped
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well as the advantages and disadvantages of each source. In order to make effective decisions and coordinate the decisions and actions of the various departments‚ a business needs to have a plan for its operations. Planning the financial operations of a business is called budgeting. Although budgeting allows the organization to plan their work and work towards their plan‚ it also has both advantages as well shortcomings that can affect an organization’s progress. The main advantage of a budget
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