Money Business: Exporting - Part III
The article "Money Business: Exporting - Part III" appeared in the July/August 1993 issue of Gear Technology.
The object of any business transaction, be it foreign or domestic, is making a profit. That's why you go through all the effort of making and selling your product in the first place. Getting paid in a timely manner is crucial to making profit, but when your customer is in another country, this "timely and convenient" payment can become complicated; hence, your need for a banker with expertise in international markets.
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