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What is the best method of payment

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Reference no: EM133229961

Every Business is done to maximize the profits. Analyze the above statement & give detailed explanation in any FIVE of the following situations:

  1.  You have received an enquiry from a country which is facing FE problem. What is the best Method of Payment, under these circumstances?
  2. If we are required to send the goods in installment what is the most ideal payment system?
  3.  You have worked hard in Middle East market  & have established yourself as a reliable Agent. If we have to procure the goods from various  manufacturers, what should be the proposal ? Will it make any difference if the identities of parties are to be hidden?
  4. How does the Revocoble Letters of credit differ from Irrevocable L/Cs? I f the Revocable L/C doesn't provide security of payment , why is it used?
  5. Some advanced countries do not allow the Bank guarantee, so, what is the alternative available for securing the payments?
  6. GAP , USA, has agreed to supply you garments , but, they want advance payment from the bank. What is the option with you?

Reference no: EM133229961

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