GBE FINAL.docx - In a documentary collection what is...

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In a documentary collection, what is difference between the issuing bank and the advising bank? Exporter import Advising issuing What is the difference between COD and PIA? Why is PIA difficult to obtain? What is a subsidy? Trade barrier that most pursued by WTO Form of trade. What is forfaiting? Term of finance. Selling at a discount Why has logistic become such a focus in the last few year? Logistic: A group of services that is concerned with the efficient movement of materials and information from sources to end users. Because everyone is doing it. If you don’t do it, sb. Else will What does Optimizing means? Best value for the best money Freight forwarder vs. truck company? Middle man. Ff are brokers. Tc work for ff Why are strategic alliances such a popular form of …? They share the amount of risk High context or low context? Low. Example if non-verbal communication When negotiating with someone… Lose face In the five stages of negotiation Prep*** Relationship building Exchange of info.
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