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3 years ago

Describe at least three risks a company might face if it participates in global trade.

Business

1 answer:

mihalych1998 [28]3 years ago

3 0

Answer:

Foreign exchange risk: Foreign exchange risk usually concerns accounts receivable and payable for contracts that are or soon will be in force. Foreign exchange rates are constantly in flux, so businesses can be forced to convert funds generated abroad at lower rates than they budgeted.

Credit risk: Credit or counterparty risk is the risk of not collecting an account receivable. There are ways businesses expanding to global markets can protect themselves against this risk

Intellectual property risk : Intellectual property risk is the risk that third parties may make unauthorized use of the business's strategic information (studies, research, agreements and contracts, client list, trade secrets, etc.) or property that directly or indirectly affects the value of the business's products or services (patents, designs, trademarks, know-how, etc.). When doing business internationally, these risks increase tenfold because of the difficulty of remotely defending the business's rights to this property.

Shipping risks: Whether shipping goods locally or abroad, you face risks such as breakage, loss, theft, vandalism, accident, seizure and contamination. Before you ship any goods, transfer responsibility for shipping to the buyer or seller and take out sufficient insurance. The International Chamber of Commerce's Incoterms set out each party's roles and responsibilities with regard to shipping risk. It is best to work with a forwarding agent.

Explanation:

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Public Employees’ Retirment System of Mississippi

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4 years ago

"which business function is displayed with the transaction code va03"

taurus [48]

Answer: Sales order is displayed with the transaction code va03.

VA03 is a standard SAP transaction code that works with R/3 SAP systems.

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3 years ago

Read 2 more answers

Provide a recommendation to Kimishima on how Nintendo should formulate its strategy to compete successfully in the gaming indust

Aneli [31]

Answer:

Recommendation to Kimishima about Nintendo is given below:

Explanation:

Nintendo already have a goodwill with [now adults] because they have been playing Nintendo during their childhood, this goodwill can be revived by developing a software [Game] which is famous in Adults [Reality Game]. Also Nintendo can develop a hardware [Gaming Console] which should be compatible with other developers games and possibly cheaper in price to attract customers.

Nintendo already having goodwill, can develop a theme park with its characters and rides, this park can also have shops where Nintendo can sell its games and consoles.

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3 years ago

11. John rates Peter an average worker, “excellent” on all his performance evaluations. The rest of staff suspects that Peter ge

Blizzard [7]

Considering the situation described in the question, if the allegations were accurate, the rating error the staff identified is known as the "Similarity Bias" error.

This is because the Similarity Bias is a type of rating error where the rater rates a person or candidate higher than he deserves because they shared or have some similarities like having played for the same football team or attended the same school.

There are other types of rating bias that do not apply to this situation.

These include Halo bias and Leniency bias.

Hence in this case the correct answer is "Similarity Bias"

Learn more here: brainly.com/question/14467377

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2 years ago

"PIOs need to have a complete understanding of the community’s demographics in order to: A. Identify all the news media covering

solniwko [45]

Answer:

Explanation:

A public informant officer is also known as a public relations manager or public affairs specialists. They are those who are responsible for preparing information for the media by writing press releases, arranging interviews with news sources, drafting executive speeches and sponsoring events for publicity.

People from different demographics can be targeted using different media channels as not one source will appeal to everyone. For example, the elderly population would frequently read newspapers whereas teenagers are likely to react more to information reached through social media. At the same time, it is important to know the demographics, as not to cause any offense to anyone. For example, those from different ethnicities and race may react differently to certain information. While one person finds it interesting, another person may be aggravated and find offense in it.

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3 years ago