User Details For: dcc

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  • Hard currency and countertrade

    Hard currency, in economics, refers to a currency in which investors have confidence, such as that of a politically stable country with low inflation and consistent monetary and fiscal policies, and one that if anything is tending to appreciate against other currencies on a trade-weighted basis(wikipedia). USA dollar is an example of hard currency. there are many dollars circulating outside USA. In other words, transaction usually takes place in US dollars. it is regarded as a safe currency. because it has international acceptance and you can save it. but you can not use all countries' currencies. because they are non-convertable. as a result of this, countertrade is a method if you want to do business with those countries which have a shortage of hard currency.
    • 24/09/2006
    • 03:08:51
    • Score: 1 out of 1 people found this comment useful.
  • It's a good and effective business plan.

    This essay is definetly perfect. It contains all information about making a business plan. It gives detail of product, target country and market, swot analysis of both the company and the potential export market (china), marketing consideration such as distribution channels, pricing, promotion, and transaction chain.
    • 10/09/2006
    • 06:23:07
    • Score: 6 out of 7 people found this comment useful.