International Business

The international financial system consists of numerous rules, customs, instruments, facilities, markets, and organisations that enable international payments to be made and funds to flow across borders. In recent years, the international financial system has experienced tremendous growth.

In order to ensure a smooth and efficient financial transaction process several payment terms have been established. These payment terms outline the expectations and responsibilities of both parties (buyer and seller) involved in the payment process.

International negotiation is a specialised domain within the wider field of cross-cultural communications. International managers need to possess effective communication skills while negotiating with overseas suppliers or buyers,

International commodity agreements are inter-governmental arrangements concerning the production of and trade in, certain primary products to stabilise their prices.

A Special Economic Zone (SEZ) is a geographically bound zone where the economic laws in matters related to export and import are more broad-minded and liberal as compared to the rest parts of the country.

Service recovery refers to the measures taken by an organisation in response to a service failure. Service recovery is a planned process or strategy of returning an aggrieved or dissatisfied client to a state of satisfaction with the company.