Summarizing our
MBA of International Trade Management Program
| Total
Cost |
The total cost of
any course are US$ 490.00 in one only payment, or US$ 590.00 in
four payments of US$ 147.50. |
|
Scholarship
|
Our Board
will examine all requests for a partial fully justified
scholarship. We do not issue total scholarship. Any
partial scholarship must be paid in full. |
| Begin |
Any course will
begin five working days after your payment. |
| Duration |
Four and half
months (in Fast Track) or One year. We recommend the Fast Track model. |
| Languages |
All courses are in
English, plus the same lessons in one of the following
translations: Arabic, Bulgarian, Catalan, Chinese, Croatian,
Czech, Danish, Dutch, Filipino, Finnish, French, German, Greek,
Hebrew, Hindi, Indonesian, Italian, Japanese, Korean, Latvian,
Lithuanian, Norwegian, Polish, Portuguese, Romanian, Russian,
Serbian, Slovak, Slovenian, Espanol, Swedish, Ukrainian,
Vietnamese.
|
| Diploma |
After
the final exam, you will receive (through a Priority
Airmail Registered letter) a Diploma and a Transcript, both with
an official Public Notary signature and seal.
|
| Exam |
You
have two options for the final exam, at your choice: Or a
multiple choice test through the Web, or to write a 10-pages
white paper about the studied subject.
|
Brief Notes on International Trade Management - export to
Dr. S. Koner,
MBA Professor
Remember, most lëtters of credit are freely negotiable, meaning that the beneficiary could present documents to any bank. By endorsing the LC, any bank that might receive documents will know that an assignment has been made.
Firms that market their products and services internationally expect higher growth rates than those which concentrate exclusively on domestic markets, reports financial consulting firm Coopers & Lybrand.
The decision to adapt a product is based in part on the degree of commitment to the foreign market.
Once the endorsement is taken care of, the bank will issue a document or letter titled Assignment of Proceeds addressed, in this case, to the supplier. The content of this document will indicate that an assignment of proceeds has been made in their favor with a stated value. It will also indicate that if and when payment is made under the letter of credit, payment will automatically be made under the assignment.
* Similarities in business culture, practices and the law. * Language and other possible communication barriers. * Spending habits. * National traditions. * Religious beliefs. * The stability of the market's economic and political environment. * Direct and indirect barriers to initial market entry. * Product standards in the quality, safety and technical areas. * Current market size and growth potential. * Existing domestic and foreign competition.
The buyer, not knowing that an assignment of proceeds has been issued, may be thrilled at the prospect of not having to pay their bank an examination fee under the LC and embrace the open account proposal.
We believes that even though there's an obvious benefit to designing products to meet a variety of standards, the idea of a fully standardized global product that is identical all over the world is a near myth.
Legal, economic, political, technological, and climatic requirements of a country market often dictate some level of localization or adaptation.
Those who do decide to venture abroad must realize that exporting success is not achieved overnight. The requirements are the same as when you first started your business in this country. That is, you must be willing, even enthusiastic, about making a long-term commitment, agree many experienced exporters.
Transportation is not completed until a shipment has both arrived at its destination and has been delivered. Danciger v. Cooley, 248 U.S. 319, 327 [1919].
The supplier tries to contact the broker/middleman, only to find out that the phone has been disconnected and they appear to have left town. The supplier’s prospect for payment at this point isn’t very good. For this very reason, suppliers or manufacturers may shy away from this arrangement. It’s never a perfect world!
Working with distributors or representatives can offer distinct advantages. These individuals can often provide the initial contacts you need in a foreign country. They have already established relationships with buyers of related items and know the local market, which is important in any sales effort.
Let’s imagine that the amendment appears to restrain the beneficiary. For example, the amendment might reduce the dollar value of the LC, shorten the life of the LC by adding an expiration date, or change the tenor of the LC from a sight draft to a time draft with no mention of who would pick up the expense of accepting or discounting the draft.
A thorough corporate self analysis or self audit is needed to understand to what extent the exporter is willing to gather information and invest in adaptation of the product for customers in a specific country market or region of the world.
You should also research existing treaties and any currently under development, such as GATT and the North American Free Trade Agreement [NAFTA]. [These trade agreements are still evolving, so be sure to monitor them closely.]
Dr. S Koner is a MBA Professor of the education organization http://mba-itm.mba-low-cost.com, with almost 60 years of experience in the areas of information technology and business management. |
