Business - Page 6

In the fast-paced world of business, staying ahead requires constant innovation and strategic thinking. Explore insightful articles on market trends, competitive analysis, and growth strategies. From export operations to marketing tactics, discover how to thrive in today's dynamic business environment.

International Trade

Are Middlemen in International Trade Obsolete in the Digital Age?

The role of the middleman in international trade has been around for centuries, but with the digital revolution in full swing, it’s definitely not what it used to be. Anyone involved in global business knows that things have changed.

October 6, 2024

Strategy

Agility vs Long-Term Planning: Finding the Right Mix

Planning is important. We hear this all the time. But in a world that moves as fast as ours, is it really enough to stick to a rigid plan? On the flip side, being flexible and agile sounds ideal too, but can

September 25, 2024

Strategy

The Psychology of Strategic Negotiation: What You Can Learn from Diplomats

Negotiation is everywhere, from closing business deals to workplace dynamics, and even the decision on where to take the next family vacation. Success versus frustrating impasse often hinges on one pivotal factor: strategy. And when it comes to the mastery of strategic

September 18, 2024

Business·Marketing

Using Big Data to Grow Your Small Business

Big data, huh? You think you’ve heard that term thrown around you quite a lot, especially over recent years. It sounds kind of scary, especially if you happen to be running a small business. Perhaps it makes you say, “Isn’t big data

September 13, 2024

Entrepreneur

Must We Be Capitalist to Be an Entrepreneur?: A Non-capitalist Entrepreneur Perspective

Perhaps the most immediate archetype that comes to mind any time the issue of business comes up is that of a strong and ruthless capitalist. That ideal dominates the popular narratives of enterprise: an unrelenting pursuit of profit, growth at all costs,

September 11, 2024

Business·Strategy

Total Factor Productivity: Understanding the Elusive Key to Economic Growth

Productivity is considered by many to be the locomotive driving growth and therefore setting the course of nations and industries in the modern world economy. Of the many ways available for measuring productivity, one usually stands out because of its comprehensive nature:

September 9, 2024

International Trade

Export Modes

Exporting and importing activities of SMEs play an important role in the global economy. Today most of the businesses start with the vision of exporting their goods as well as domestic sales. There are a number of reasons as to why it’s

November 24, 2021

Entrepreneur

Inspirational Movies Every Entrepreneur Should Watch

If you’re looking for an inspiration or a good movie just to enjoy your time, these movies will make your day.

November 6, 2021

Payment Terms

Letter of Credit | Payment Terms in International Trade

L/C, short for “Letter of Credit”, is a contractual payment instrument that guarantees the importer’s payment to the exporter when the exporter ships the goods to the importer in conformity with the terms and conditions in the sales contract and presents the

July 5, 2021

Payment Terms

Open Account | Payment Terms in International Trade

Open account, also known as Cash Against Goods, is a payment method that enables the importer to pay for the goods after they are cleared at the customs of the importing country or on a fixed date after delivery, typically in 30

June 12, 2021

Payment Terms

Cash Against Documents (CAD) | Payment Terms In International Trade

CAD, short for “Cash Against Documents”, is a payment method in which banks are used for intermediation in terms of payment and transfer of the export documents from the exporter to the importer. It’s also called Documents Against Payment (DAP). In CAD,

June 11, 2021

Payment Terms

Cash in Advance | Payment Terms in International Trade

What is Cash in Advance (CIA)? Cash in advance, also called cash with order or advance payment, is exporters’ favourite payment term as it requires the importers to pay for the goods upfront, generally upon confirmation of the proforma invoice. Depending on

June 9, 2021

Incoterms

INCOTERMS 2020 | CIF – COST INSURANCE FREIGHT

CIF, short for “Cost Insurance Freight”, means that the exporter is obligated to deliver the goods to the buyer by placing them aboard the vessel which it paid for and cover the insurance as well. The exporter assumes all the costs of

June 6, 2021

Incoterms

INCOTERMS 2020 | CFR – COST AND FREIGHT

CFR, short for “Cost and Freight”, means that the exporter is obligated to deliver the goods on board the vessel arranged by the exporter itself. Until the goods are placed aboard the ship, the exporter bears all risks and costs of loading

June 5, 2021

Incoterms

INCOTERMS 2020 | FOB – FREE ON BOARD

FOB, short for “Free on Board”, means that the exporter is obligated to deliver the goods aboard the vessel designated by the importer at the agreed delivery port in the country of export.

June 4, 2021