User:Jukeboksi/BBA studies/Entering Target Markets: Difference between revisions
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= Theme 2 Export and import practicalities = | = Theme 2 Export and import practicalities = | ||
== Lesson 1 Basics of import/export == | * '''[[w:International trade|International trade]]''' is the exchange of [[w:Capital (economics)|capital]], [[w:good (economics)|goods]], and [[w:Service (economics)|services]] across [[w:international borders|international borders]] or territories. ( Wikipedia ) | ||
== Lesson 1 - Basics of import/export == | |||
* A '''[[w:letter of credit|letter of credit]]''' is a document issued by a financial institution, or a similar party, assuring payment to a seller of goods and/or services provided certain documents have been presented to the bank. ( Wikipedia ) | * A '''[[w:letter of credit|letter of credit]]''' is a document issued by a financial institution, or a similar party, assuring payment to a seller of goods and/or services provided certain documents have been presented to the bank. ( Wikipedia ) | ||