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International Business: The New Realities, 5th Edition
book

International Business: The New Realities, 5th Edition

by S. Tamer Cavusgil, Gary Knight, John R. Riesenberger
January 2019
Intermediate to advanced content levelIntermediate to advanced
576 pages
33h 19m
English
Pearson
Content preview from International Business: The New Realities, 5th Edition

Payment Methods in Exporting and Importing

In the course of business transactions, receiving payment is relatively complicated in international business. Foreign currencies may be unstable. Governments may be reluctant to allow funds to leave the country. In the event of disputes, local laws and enforcement systems may favor local companies over foreign firms.

In advanced economies and many emerging markets, firms may extend credit to buyers with the assurance that they will be paid. It is typical for exporters to allow these customers several months to make payments or to structure payment on open account. In trading with some developing economies, however, exporters extend credit cautiously because of the risk that some customers may fail ...

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Publisher Resources

ISBN: 9780136763017