Chapter One Introduction to International Business
1.1 Concepts of Business and International Business
1.1.1 What Is Business?
1.1.2 What Is International Business?
1.2 The Need for International Business
1.3 Two Related Economic Theories
1.3.1 Absolute Advantage
1.3.2 Comparative Advantage
1.4 International Business Activities
1.4.1 Main Types of International Business Activities
1.4.2 Common Forms of Intemational Business Activities
1.5 International Business Management
1.5.1 International Marketing Management
1.5.2 International Financial Management
1.5.3 International Human Resource Management
1.6 Economic Integration
1.6.1 Regional Economic Integration
1.6.2 Renowned Regional Economic Integration
Exercises
Chapter Two Introduction to International Trade
2.1 International Trade
2.1.1 What Is International Trade?
2.1.2 International Trade and Domestic Trade
2.1.3 Reasons for International Trade
2.1.4 Classification of International Trade
2.2 Trade Barrier
2.2.1 What is Trade Barrier?
2.2.2 Types of Trade Barriers
2.2.3 International Business Risks
2.3 Business Preparation
2.3.1 Market Research
2.3.2 Credit Inquiry
2.3.3 Making Contacts
2.4 Business Negotiation
2.4.1 What is Negotiation?
2.4.2 General Procedures in Business Negotiation
Exercises
Chapter Three Trade Terms
3.1 Definition and Functions of International Trade Terms
3.2 International Rules and Practices on Trade Terms
3.2.1 Warsaw-Oxford Rules 1932
3.2.2 Revised American Foreign Trade Definition 1941
3.2.3 Incoterms 2010 Rules
3.2.4 Main Features of the Incoterms 2020 Rules
3.2.5 Changes to the Incoterms 2010 Rules in the Incoterms 2020 Rules
3.2.6 Seven Commonly Used Trade Terms to Any Mode of Transportation
3.2.7 Four Commonly Used Trade Terms to Sea and Inland Waterway Transportation
Exercises
Chapter Four Packing and Transportation
4.1 Packing
4.1.1 Packing Problem in Law
4.1.2 Types of Packing.
4.1.3 Marking
4.2 Transportation
4.2.1 Modes of Transportation
4.2.2 Choice of Modes and Intermodal Transportation
Exercises
Chapter Five Inspection and Insurance
5.1 Inspection
5.1.1 Pre-shipment Inspection
5.1.2 Post-shipment Inspection
5.1.3 Pre-shipment Inspection Vs.Post-shipment Inspection
5.1.4 The Pre-shipment Inspection Industry
5.1.5 Choice of the Inspector
5.1.6 The Basic Mechanics of PSI
5.1.7 Inspection Documents
5.2 Insurance
5.2.1 Definition
5.2.2 Basic Characteristics of Insurance
5.2.3 Insurable Risks
5.2.4 Marine Insurance
Exercises
Chapter Six Instruments of Payment
6.1 Negotiable Instruments
6.1.1 What Are Negotiable Instruments?
6.1.2 Characteristics of Negotiable Instruments
6.1.3 Parties to Negotiable Instruments
6.2 Bills of Exchange
6.2.1 What Are Bills of Exchange?
6.2.2 Essentials and Non-essentials of Valid Bills of Exchange
6.2.3 Types of Bills of Exchange
6.2.4 Procedure of Using Bills of Exchange
6.3 Checks
6.3.1 What are Checks?
6.3.2 Essential Requirements
6.3.3 Crossing a Check
6.4 Promissory Notes
6.4.1 What Are Promissory Notes?
6.4.2 Essentials of Valid Promissory Notes
6.4.3 Types of Promissory Notes
6.4.4 Comparison Between Bills, Promissor3 Notes and Checks
Exercises
Chapter Seven Modes of Payment
7.1 Remittance
7.1.1 What is Remittance?
7.1.2 Basic Parties to Remittance
7.1.3 Types of Remittance
7.1.4 Application of Remittance
7.2 Collection
7.2.1 What Is Collection?
7.2.2 Basic Parties to Collection
7.2.3 Types of Collection
7.3 Letters of Credit
7.3.1 What Is Letter of Credit?
7.3.2 Characteristi
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