Discuss the Steps Companies Should Take to Avoid Export and Import

question 43

Essay

Discuss the steps companies should take to avoid export and import blunders.How can an advance payment method help exporters reduce financial risk?

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Definitions:

Company

An organization engaged in commercial, industrial, or professional activities, which can be a legal entity separate from its owners.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and have original maturities of three months or less.

Liquid Investment Assets

Liquid investment assets are financial assets that can be quickly converted into cash with minimal loss of value, such as stocks and bonds.

Market Value

The current market rate for acquiring or selling an asset or service openly.