Most practical terms of payment in exports
This method of payment has become the most popular form in recent times, as the credit and payment risks of the exporter can be eliminated under appropriate forms of documentary credit. Incidentally, this method of payment is the costliest from the standpoint of the importer. Documentary credits have been described in the following terms: any arrangement however named or described whereby a bank the issuing bank acting at the request and in accordance with the instructions of a customer ( the applicant for the credit) (1) is to make payment or to the order of a third party (the beneficiary), or (2) authorizes such payment to be made or such Drafts to be paid, accepted or negotiated by another bank against stipulated documents provided that the terms and conditions of the credit are complied with. In simpler terms, under documentary credits the importer approaches his bank which, on the basis of the instructions given by the importer,... (more...)
Sep 7, 2008 
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Finance Management
Equal weighted index and Value weighted index.
Most of the stock market indices used in practice are of two types: equal weighted index and value weighted index. An equal weighted index reflects the simple arithmetic average of the price relatives of the sample shares... (more...)
Banking and Investing policies during inflation
There are many reasons for the current rise in inflation but persistent commodity price increases are a key catalyst. Costs of significant raw materials such as iron ore and aluminum and production energy costs (such as coal... (more...)
SEBI and Future Challenges
Before the establishment of he Securities ad Exchange Board of India (SEBI), the principal legislations governing the securities market in India were the capital Issues Control Act, 1956 (governing the primary market) and... (more...)
Human Resource Management
Time management and marketing presentation
At any given moment there are so many competing demands on your time – deadlines, projects, meetings, client calls, customer complaints and other workplace issues. Not to forget some personal matters as well. However, time... (more...)
End-to-end automated solution - HR
In a decade when talent is the most sought after resource, HR is central to a company’s growth. And with pressures on the HR department increasing, it is also going through a series of changes to deal with the new reality,... (more...)
Investing in HR development is most vital for any organization
It is unproductive to take an absolutely “raw” individual and put the person on the job however good the job induction may be. Here, the speed-to-job is anything between six months to nine months and with the... (more...)
Sales/Marketing Management
Most practical terms of payment in exports
This method of payment has become the most popular form in recent times, as the credit and payment risks of the exporter can be eliminated under appropriate forms of documentary credit. Incidentally, this method of payment... (more...)
Retail stores in India and U.S – a comparison
An NRI friend recently had an unnerving experience at a plush boutique in India. As she browsed the clothes on offer, a staffer followed her around so closely that it became uncomfortable and insulting. When my friend crossed... (more...)
Counter Purchase Agreement and others in Export Marketing
The counter purchase arrangement is also common and complicated. Under this arrangement, the exporter sells goods, technology or services to an importer and agrees to purchase from the latter,... (more...)
General
Management of Risks in International markets
Risk is a fact of business life, more so of international business. What is more due to increasing complexities of business, the number and variety of risks are increasing. What is needed for the success of business, as also... (more...)
Primary and secondary Data
Data, or facts, may be derived from several sources. Data can be classified as primary data and secondary data. Primary data is data gathered for the first time by the researcher; secondary data is data taken by the researcher... (more...)
Performance management programs and implications
Performance management program may not always improve performance and only such companies are among a small minority of global companies. A large majority of managers and other employees agree that their performance management... (more...)
Operations Management
Eco friendly CDs and Green printing
It’s impossible to even think of computing without CD’s. Be it loading program on a lap top or watching a movie or storing backups of all your stuff CD’s are built to last. But that is where the problems raise. They... (more...)
Technology is Reshaping
In today’s chaotic uncertain and high tech world, there is essentially only one type of design that is going to survive. This is the electronically configured organic organization. We are undergoing industrial Revolution... (more...)
Present Position in International Subcontracting
International subcontracting first, originated among the industrial countries. The USA for long has been having subcontracting arrangements with Japan and West Germany. For example, the Ford Motor Company (USA) engaged the... (more...)
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