What is the fundamental financing problem in international trade?
What will be an ideal response?
When goods are shipped internationally, it takes time to ship them, and someone must own the goods, which requires financing, during their transit between countries. The exporter would like to be paid immediately upon completion of the goods, but this requires that the importer does the financing. The importer is not interested in pre-paying for goods that may be damaged during shipment and is generally interested in paying as late as possible. The less net working capital that the importer utilizes, the more valuable is his business. These problems arise in domestic shipments of goods as well, but when the shipment and sale of goods occur within a single country, there is a common jurisdiction and system of courts that adjudicates contractual disputes between buyers and sellers. When goods are shipped across borders, though, additional legal complexities arise.
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The ________, now enforced by the Equal Employment Opportunity Commission (EEOC), prohibits unequal pay for men and women who perform equal work or work of comparable work.
A. Equal Pay Act B. Discrimination and Employment Act C. Americans with Disabilities Act D. Disparate Impact E. Fair Labor Standards Act
A destination store has a larger primary, secondary, and fringe trading area than other stores in the same shopping center
Indicate whether the statement is true or false
A person must have contractual capacity to be an agent
a. True b. False Indicate whether the statement is true or false
Stream City, Inc. is an independent business that takes title to products and carries inventories. Stream City, Inc. is most likely a(n)
A. industrial distributor. B. intermediary. C. agency. D. wholesaler. E. producer.