Assess political and economic risks and cultural issues of the target country to establish the financial costs and viability.
Task 1 Introduction [PDF] 06.12.07
Knowledge Statement 1:
Knowledge of Political and Economic Risks Causing Late and/or Non-payment from Overseas Market: Cancellation/Failure to Grant US Export License, Civil Unrest, Foreign Currency Delays/Shortages
Knowledge Statement 2:
Knowledge of Cultural Issues of Buyer’s Country Which May Impact Payment Methods, Money Transmission Methods, Language Used, Credit Control Procedure, Level of Governmental Control, Corruption Issues, and Sources of Finance
Knowledge Statement 3:
Knowledge of resources for determining risk (e.g., U.S. government organizations, credit bureaus, websites)
We want to hear from you! Please email us about how you are using this content, what you think, and your suggestions.
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.