View source for Archive:Methods of Payment

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An international manager needs to be able to describe methods and types of payment and the ways payments are communicated, both within and outside of the business organization.  The application of these payment terms is critical to meeting both the business and collection goals of an organization.

===Unit Objective===
The goal of this material is to introduce the methods of payment available to buyers and sellers conducting international transactions.
By the end of this unit you will be able to:  
*identify the methods of payment available for international transactions.
*determine when to apply different methods of payment.
 
===Unit Outline===
*[[Methods of Payment|Introduction]]  
*[[Methods of Payment/Cash in Advance(Prepayment)|Cash in Advance (Prepayment)]]  
*[[Methods of Payment/Documentary Collections|Documentary Collections]]  
*[[Methods of Payment/Letters of Credit|Letters of Credit]]  
*[[Methods of Payment/Open Account|Open Account]]  
*[[Methods of Payment/Combining Methods of Payment|Combining Methods of Payment]]  
*[[Methods of Payment/Summary|Summary]]  
*[[Methods of Payment/Resources|Resources]]  
*[[Methods of Payment/Activities|Activities]]  
*[[Methods of Payment/Assessment|Assessment]]

===Resources===
[[Image:Letter of Credit Application.pdf]] <br>
[[Image:Sample Letter of Credt.pdf]] <br>
[[Image:Payment Comparisons.pdf]]

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[[Category:International business]]