1. Why is letter of credit the commonest method of payment in international trade? EX1: How to pay or be paid becomes a crucial choice as soon as you begin doing business across borders. When you do business internationally‚ there are ways of paying that you might never hear about when doing business in just one country. There are a lot of method of payment in intertraditional trade but the commonest method is letter of credit. Letters of credit are the most common method of payment in international
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In short‚ lack of funding‚ imitations‚ and support. Many nonblack-owned businesses (NBOBs) have the funds to advertise‚ invest‚ and bring notice to their brands. Before‚ this drowned a lot of black-owned businesses (BOBs) out. However‚ now that there is an influx of platforms such as YouTube and Twitter‚ with black and non-black people alike‚ calling on more diversity in businesses and asking their audience to purchase from (BOBs) businesses as opposed to‚ or as well as NBOBs. Imitations are still
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Advantages and Disadvantages of milk. The article written in the Sunday Times by Dr. Wolfe Segal‚ Senior lecturer in Biochemistry‚ University of W.A called ’Milk Is Full Of Food Value’‚ discuses the facts about milk. Dr. Wolfe Segal wrote what vitamins and minerals are in milk also how many grams of fat‚ protein‚ and lactose are in milk. Dr. Wolfe Segal also wrote about what milk can do to the human body in good and bad ways. Dr. Wolfe Segal gave good information on the advantages and disadvantages
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As what I understand about how Science and Technology affects our lives‚ That there are advantages and disadvantages. The Advantages are‚ it makes our lives simple by using equipment that can easily finish and do well the work or job. We can save more time and energy so that we can perform and do our other job. We can now easily communicate our relatives by using cellphone and internet‚ it can connect us even they are in the other part of the world and then with digital camera‚ we can see them
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the economies of low- income countries‚ allowing them to grow more rapidly than developed countries. Foreign direct investment comes with its own costs and benefits‚ as the organization or business providing the funding is concerned with securing advantages in the nation in which it is investing. Business Sectors • Foreign investors may change the balance among types of businesses in a country. If investors from abroad decide that they want to invest in banks‚ rather than farms or
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The advantages and disadvantages of technology The world moves and develops all the time. Technology has also advanced over time. In recent years‚ advanced technology has caused many significant changes in some specific areas. Because of this‚ human society is improving possibly faster than at any point in history. Whilst in the past technology was described as a method of creating some new inventions‚ today it drives the development of human civilization and puts emphasis on using scarce resources
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largely due to its particular successes throughout the world. However‚ federalism is not without any defect. This essay will briefly outline the definition of federalism which followed by an detail analysis of both advantages and disadvantages of federalism as well as the impact on business. The term federalism is used to describe a system of the government in which sovereignty is constitutionally divided between a central governing authority and constituent political units (like states or provinces)
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PESTICIDES IN OUR ECONOMY INTRODUCTION A pesticide is a material used to kill or reject a pest. Pesticides have disadvantages and advantages. They are able to restrain pests‚ but it can also kill other organisms as well. Not only do they affect animals but they can effect us‚ as humans. A pesticide is a biological‚ physical‚ or chemical agent used to kill plants or animals that are harmful to people. The name pesticide is generally applied only to chemical agents. Examples of different
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Contents 1 Definition of Franchising 2 Businesses for which franchising works best 3 Advantages 4 Disadvantages Definition of Franchising Franchising refers to the method of practicing and using another persons philosophy of business. The "franchisor" authorizes the proven methods and trademarks of his business to the "franchisee" for a fee and a percentage of gross monthly sales. Various tangibles and intangibles such as national or international advertising‚ training‚ and other support
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Advantages and Disadvantages of Internet Ten years ago‚ the Internet was practically unheard of by most people. Today‚ the Internet is one of the most powerful tools throughout the world. The Internet is a collection of various services and resources. The Internet’s main components are E-mail and the World Wide Web. Actually‚ there’s a lot more to the Internet than E-mail‚ search engines‚ celebrity web sites‚ up-to-the-second sports scores‚ and chat rooms full of discussions. The Net also ranks
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