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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. | 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=== | ===Unit Objective=== | ||
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*determine when to apply different methods of payment. | *determine when to apply different methods of payment. | ||
===Unit Outline=== | ===Unit Outline=== | ||
*[[Methods of Payment|Introduction]] | *[[Methods of Payment|Introduction]] | ||
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[[Image:Letter of Credit Application.pdf]] <br> | [[Image:Letter of Credit Application.pdf]] <br> | ||
[[Image:Sample Letter of Credt.pdf]] <br> | [[Image:Sample Letter of Credt.pdf]] <br> | ||
[[Image:Payment Comparisons.pdf]] | [[Image:Payment Comparisons.pdf]] | ||
<div style="float:right;">[[Methods of Payment/Cash in Advance(Prepayment)|Next]] | <div style="float:right;">[[Methods of Payment/Cash in Advance(Prepayment)|Next]] | ||
[[Category:International | [[Category:International business]] | ||
Latest revision as of 05:39, 27 May 2009
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
- Introduction
- Cash in Advance (Prepayment)
- Documentary Collections
- Letters of Credit
- Open Account
- Combining Methods of Payment
- Summary
- Resources
- Activities
- Assessment
Resources
File:Letter of Credit Application.pdf
File:Sample Letter of Credt.pdf
File:Payment Comparisons.pdf