Discuss the Intrinsic and Extrinsic Factors That a Firm Faces

question 48

Essay

Discuss the intrinsic and extrinsic factors that a firm faces at the different stages of screening when bidding for an international project.

---

Definitions:

Stop Payment

A banking process through which an account holder can request the bank to stop the payment of a cheque or payment transaction that has been issued but not yet processed.

Drawer

In banking and finance, refers to the party that writes and signs a check or draft, instructing their bank to pay a specified sum to the named party.

Calendar Days

All days in a month or year, including working days, weekends, and public holidays, considered without exception.

Dishonored

Pertains to a financial instrument, such as a check or bill of exchange, that has been presented for payment and rejected.