User:Jukeboksi/BBA studies/Entering Target Markets: Difference between revisions

Line 128:

== Lesson 6 - Customs, risk management and currency questions ==

* '''[[w:Customs|Customs]]''' is an [[w:authority|authority]] or [[w:Government agency|agency]] in a country responsible for collecting [[w:Duty (economics)|customs duties]] and for controlling the flow of goods, including animals, transports, personal effects, and [[w:hazard|hazard]]ous items, into and out of a country. ( Wikipedia )

* '''[[w:Risk management|Risk management]]''' is the identification, assessment, and prioritization of [[w:risk|risk]]s (defined in [[w:ISO 31000|ISO 31000]] as ''the effect of uncertainty on objectives'', whether positive or negative) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.

:::Risks can come from

:::* uncertainty in financial markets,

:::* threats from project failures (at any phase in design, development, production, or sustainment life-cycles),

:::* legal liabilities,

:::* credit risk, accidents,

:::* [[w:Act of God|natural causes and disasters]] as well as

:::* deliberate attack from an adversary, or

:::* events of uncertain or unpredictable [[w:Root cause|root-cause]].

:::::Several risk management [[w:Technical standard|standards]] have been developed including the [[w:Project Management Institute|Project Management Institute]], the [[w:National Institute of Standards and Technology|National Institute of Standards and Technology]], actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, [[w:Risk analysis (engineering)|engineering]], [[w:Industrial & Organizational Assessment|industrial processes]], financial portfolios, actuarial assessments, or public health and safety. ( Wikipedia )

== Lesson 7 - Costs in import/export ==