Category Archives: Business

Credit Policy: Types and Aspects

By | May 20, 2018

Credit policy is an important part of the overall strategy of a firm to market its products. It refers to those decision variables that influence the amount of trade credit i.e investment in receivables. Credit policy can be lenient or stringent. There are two types of credit policies. Let us know about them in brief. a) Lenient/Loose/expansive Credit Policy: Under this policy,… Read More »

Different Types of Foreign Exchange Transactions

By | May 13, 2018

A foreign exchange transactions is a contract to buy or sell a quantity of one currency in exchange for another at a specified time for delivery and settlement and at a specified price (exchange rate). These transactions take place in foreign exchange markets. Regarding counterparties and settlement dates, the forex transactions are classified in many categories as trade transactions,… Read More »

Sampling Methods

By | April 29, 2018

In most surveys, access to the entire population is nearly impossible. However, the results from a survey with a carefully selected sample will reflect extremely close results as if provided by the population. Sampling method, therefore, is an essential part of the research process. If you have surveyed using an appropriate sampling technique, you can be confident that… Read More »

Accounting Rate of Return (ARR)

By | April 13, 2018

Accounting Rate of Return (ARR) method is also known as average rate of return an average of the net profit after taxes over the whole of the economic life of the project is taken. Under this method, the performance is expected as a percentage of capital or investment. Accounting rate of return may be calculated according to any of the… Read More »

Differences between GATT and WTO

By | April 7, 2018

The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO officially commenced on 1 January 1995, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in the year 1948. The following are the main differences between the General Agreement on Tariffs and Trade… Read More »

Notes on Research Design

By | April 2, 2018

Research design has many definitions, but no single definition imparts the full range of essential aspects. Few of the definitions of research design are: Research design constitutes the blueprint for the collection of data, measurement of data and analysis of data. Research design aids the researcher in the allocation of limited resources by posing crucial choices in research… Read More »

Objectives of India Export-Import Exim Policy

By | September 12, 2017

A new export and import policy were framed in 1992 which was effective till 1997. Since then new changes have been made in the policy to achieving the following objectives: To enhance the level of exports; To improve the balance of payment; To improve the balance of trade; To enhance the reverse of foreign exchange; To allow import… Read More »

Export (Quality Control and Inspection) Act, 1963

By | August 3, 2017

The Export (Quality Control and Inspection) Act was enacted in the year 1963 to strengthening the export trade through quality control and pre-shipment inspection. The act empowers the government not only to notify the commodities which may be subjected to compulsory quality monitoring and inspection before export but also specify the type of quality control or inspection. The Act… Read More »

Commercial Shipping Features

By | July 13, 2017

The salient features of commercial shipping can be summarized as under: Shipping of goods is an international activity perpetually exposed to change in the international environment. Commercial shipping is subjected to periodic cycles of depression and buoyancy in business. The highly capital-intensive nature of the industry necessitates Large financial resources, and Adequate utilization of capital. International mobility of ships… Read More »

Contents Required in Commercial Invoice

By | June 9, 2017

After the pro-forma invoice is accepted by the importer, the exporter must prepare a commercial invoice.  The commercial invoice is required by both the exporter (to obtain the necessary export documents, to enable the consignment to be exported, to prove ownership and to enable payment) and importer (who require the commercial invoice to facilitate import of goods into the country… Read More »