METHODS OF MAKING FOREIGN PAYMENTS
Banking, Business, Commerce

METHODS OF MAKING FOREIGN PAYMENTS

FOREIGN EXCHANGE INTRODUCTION: The foreign (international) trade has become inevitable for all countries in present era. But every country faces problems for international receipts and payments due to determination of exchange rate and procedure. It is the desire of every country’s trader that he should be paid in his own country’s currency. Thus, determination of exchange rate, conversion of the…

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Basic Steps for Starting a New Business
Business, Commerce

Basic Steps for Starting a New Business

While planning and constructing an idea for starting a new business, the following factors should be kept in mind. The successful running business entirely depends upon them. Steps for Starting a New Business For Doing Business 1. Decided the Nature of Business 2. Check Government Restriction 3. Size of Business 4. Suitable Organizational Structure 5. Selection of Place 6. Government…

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