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Monthly archive for November 2012

Basics of Import-Export

Basics of Import-Export

Alibaba.com, Basics of Import-Export Basics of Import Export If you’ve decided that it’s time to take your business to the next level, then it may be time for your to learn the basics of import export. Importing and exporting is simply transferring one particular good or commodity from one country to another whilst paying attention to the laws and requirements

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How to Get a Letter of Credit (LC)

How to Get a Letter of Credit (LC)

A letter of credit is essentially a promissory note from your bank for an exporter. It is used to build trust in business relationships, especially with internal business transactions. For instance, a foreign buyer might apply for a letter of credit from a seller’s bank (applicant) to send to the exporter’s bank (beneficiary). The two banks in the transaction act

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Difference Between CIF and FOB

Difference Between CIF and FOB

Cost, Insurance and Freight (CIF) vs. Free On Board (FOB) Terms One of the fundamental decisions of international trade is how to structure the terms of sale between buyers and sellers. In the case of imports, Canadian and American companies can either allow their overseas suppliers to handle the shipping and insurance of goods or they can take these responsibilities

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True Score Theory

True Score Theory

True Score Theory is a theory about measurement. Like all theories, you need to recognize that it is not proven — it is postulated as a model of how the world operates. Like many very powerful model, the true score theory is a very simple one. Essentially, true score theory maintains that every measurement is an additive composite of two

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Procurement Models for the Future

Procurement Models for the Future

That now is the time to take the lead only a handful of pioneers have started investing in 4 areas of procurement excellence!

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Lease vs. Purchase

Lease vs. Purchase

Guidelines for Lease vs. Purchase of Information Technologies

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Step By Step Importing Guide

Step By Step Importing Guide

Many online traders are eager to begin sourcing products from abroad, most especially from China. If that’s what you’d like to do as well, take the time to read our Forum Guide before you get started. Importing attractive, low priced goods from another country is a terrific way to increase your profit. But international trade transactions are complicated and you

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Cost Terms, Concepts, and Classifications

Learning Objectives 1. Identify and give examples of each of the three basic manufacturing cost categories. 2. Distinguish between product costs and period costs and give examples of each. 3. Prepare an income statement including calculation of the cost of goods sold. 4. Prepare a schedule of cost of goods manufactured. 5. Understand the differences between variable costs and fixed

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5 Ways to Benefit from A Cross Dock Facility

5 Ways to Benefit from A Cross Dock Facility

Cross Dock facilities are gaining in popularity over recent years as the speed to market increases along with e-commerce and consumer expectations. Another reason behind the surge in cross dock services and requests could also be collaboration between transportation service providers and their clients. Rarely is it feasible to reduce costs and have one provider to do all functions themselves.

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Why Capital Turns Matter?

Why Capital Turns Matter?

Why Capital Turns Matter – And What Warren Buffett Means When He Talks About Them By Geoff Someone asked me what Warren Buffett meant when he talked about a company turning over its capital “x” number of times a year. When Buffett says capital turns he means Sales/Net Tangible Assets. Most websites, etc. tend to just use assets. And they may

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