International Businesses PDF

Added on - 04 Oct 2020

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INTERNATIONALBUSINESSES
Table of ContentsINTRODUCTION...........................................................................................................................1Types of contract.........................................................................................................................1Letter of credit..............................................................................................................................3CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
INTRODUCTIONInternational business mention that the business activity is done with the other country.The international business isthe purchasing and selling the goods, services and product acrossthe different national boarders (Kolk, 2016). So international business is the opportunity todifferent business that they expand their business in international market through particularbusiness activity for example manufacturing, Relating, auto-mobile, construction, agriculture,banking, insurance, transportation. It includes the cross boarder transaction of goods and serviceacross the boarder with more than two country.The report will describe the internation business in context of retail industry whichdescribe that how contract can affects the international business in positively ad negatively.Types of contractContractInternational contract is the legal agreement when two company can legally agreementwith each other from buy and selling the goods and services. That means contract is writtendocument this is an agreement which they are obligated to each other that they do or not to do aspecific thing. Further, there are many business who can makes agreement for understand theterms of contact also for enter in the international business.Contract is one of the best document that helps to every industry to do business ininternational market so the retail industry have also used the contract agreement in their businessto export and import the goods and services. It is a legal and essential document mandatory onboth the importer and the exporter for a particular deal in a fixed time period. Contract isspecifies the responsibilities and liabilities for the exporter and the importer (Hovhannisyan &Keller, 2015). This is comes into force at the time when both parties confirm it and seal theiracceptance in written form. So retail industry must use contract in their business to lead businesssuccess.Types of contractInternational sale contractInternational sale contracts Is the agreement between two parties a buyer and seller thatthey make the agreement to sale the goods and services across the boarder. International salesregulated in under International sales of Goods (CIGS). The buyer and seller or exporter andimporter involve in the international sales contract that they come from different backgrounds1
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