When a company decides either to export or to import goods it must agree with the other party how the product will be delivered. Who will bear the transportation costs? Who will pay customs tariffs? Who will be responsible if damages occur during delivery? Incoterms are rules agreed to beforehand by the international community to avoid misunderstandings.
Proper cash flow management is key to the success of a business over the long term. It is essential for SMEs to effectively manage cash with the same level of precaution as would be given to income, expenses and profit. Otherwise the company may find itself insolvent.
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Employing an blend of different online marketing techniques, generally SEO and SEM, enables companies to draw visitors to its website.
When selecting a hosting service it is important to address several considerations to ensure optimum performance.
If there are niches in which SMEs are like fish in the water, it is those markets related to services.
Outsourcing in Latin America has become an advantageous and strategic practice for American companies for the past decade or so. Services outsourcing is the new trend.
There are different types of financial services for SMEs. It is very important to identify the supplier that best fits the needs of the firm. Selecting the right type of credit provider for your company's needs can generate substantial savings.
Exporting SMEs in Latin America and the Caribbean are faced with increasing international competition. One of the most effective ways for improving the competitiveness of these enterprises in the global arena is to assure quality to their clients.
A survey on the readiness of banks in Latin American and the Caribbean to finance SMEs found that 73% of banks are inclined to expand their portfolio in this area. The IDB group remains the most important international financial entity providing assistance to regional banks.
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