- Reliability- check if the customer is an honest per son who can
honour the debt as
agreed/character
-Ability to pay – find out if the customer is an honest per son
who can honour credit.
-Capital- check whether the customer has assets that can cover all
his liabilities
-Collateral- checks whether the customer has resources to repay
the credit to make sure that credit is covered.
-Prevailing economic conditions-consider if the status of the
economic climate is healthy to warrant giving the credit
-Credit period
-Amount of stock available
Githiari answered the question on September 22, 2017 at 20:26
-
Give four ways in which a government may participate in the operations of a state corporation
(Solved)
Give four ways in which a government may participate in the operations of a state corporation
Date posted:
September 22, 2017
.
Answers (1)
-
Outline four risks against which a shopkeeper may insure.
(Solved)
Outline four risks against which a shopkeeper may insure.
Date posted:
September 22, 2017
.
Answers (1)
-
State four advantages of operating a partnership form of business
(Solved)
State four advantages of operating a partnership form of business
Date posted:
September 22, 2017
.
Answers (1)
-
The domestic currency of a certain country has been depreciating over time. Highlight five disadvantages of the depreciation of the country
(Solved)
The domestic currency of a certain country has been depreciating over time. Highlight five disadvantages of the depreciation of the country
Date posted:
September 22, 2017
.
Answers (1)
-
Explain the factors that may lead to deteriorating terms of terms of trade for a country
(Solved)
Explain the factors that may lead to deteriorating terms of terms of trade for a country
Date posted:
September 22, 2017
.
Answers (1)
-
Explain six problems being faced by the Kenya External Trade Authority (KETA)
(Solved)
Explain six problems being faced by the Kenya External Trade Authority (KETA)
Date posted:
September 22, 2017
.
Answers (1)
-
Country X has obtained a surplus in its balance of payment. Explain the factors that could have contributed to this surplus.
(Solved)
Country X has obtained a surplus in its balance of payment. Explain the factors that could have
contributed to this surplus
Date posted:
September 22, 2017
.
Answers (1)
-
Explain the significance of each of the following documents as used international trade. (i)Bill of lading (ii)proforma invoice (iii)indent (iv)letter of credit
(Solved)
Explain the significance of each of the following documents as used international trade.
i)Bill of lading
ii)proforma invoice
iii)indent
iv)letter of credit
Date posted:
September 22, 2017
.
Answers (1)
-
Explain the meaning and significance in each of the following terms as used of the following terms as used in foreign trade. (i)Terms of trade, (ii)balance...
(Solved)
Explain the meaning and significance in each of the following terms as used of the following
terms as used in foreign trade.
i)Terms of trade,
ii)balance of payment,
iiiexchange rate,
iv)balance of trade
v) common market.
Date posted:
September 22, 2017
.
Answers (1)
-
Outline five transactions which are recorded in balance of payment account of a country
(Solved)
Outline five transactions which are recorded in balance of payment account of a country
Date posted:
September 22, 2017
.
Answers (1)
-
Country X has recorded a surplus balance of payments from its foreign trade. Outline four
ways in which the country can spend these surplus earnings
(Solved)
Country X has recorded a surplus balance of payments from its foreign trade. Outline four
ways in which the country can spend these surplus earnings
Date posted:
September 22, 2017
.
Answers (1)
-
State three functions of departments of international trade in the ministry of commerce and industry
(Solved)
State three functions of departments of international trade in the ministry of commerce and industry
Date posted:
September 22, 2017
.
Answers (1)
-
Explain the following terms as used in international trade (a) LOCO (b) F.O.R (c) F.A.S (d) Bill of Landing (e) Cost Insurance and Freight
(Solved)
Explain the following terms as used in international trade
a. LOCO
b. F.O.R
c. F.A.S
d. Bill of Landing
e.Cost Insurance and Freight
Date posted:
September 22, 2017
.
Answers (1)
-
Outline four circumstances under which a proforma invoice may be used
(Solved)
Outline four circumstances under which a proforma invoice may be used
Date posted:
September 22, 2017
.
Answers (1)
-
Highlights four problems a country by participating in international trade
(Solved)
Highlights four problems a country by participating in international trade
Date posted:
September 22, 2017
.
Answers (1)
-
State the business document to which each of the following statements relates (a) Informs the buyer when goods were dispatched and by what means
(Solved)
state the business document to which each of the following statements relates
A. Informs the buyer when goods were dispatched and by what means
B. A request by seller for payment in advance
C. Used to correct under undercharge in an invoice
D. Shows details of the transactions between seller and buyer during a
given period
Date posted:
September 22, 2017
.
Answers (1)
-
State four factors that may limit the success of trade agreements among African countries
(Solved)
State four factors that may limit the success of trade agreements among African countries
Date posted:
September 22, 2017
.
Answers (1)
-
State four measures that Kenya may take to promote her exports
(Solved)
State four measures that Kenya may take to promote her exports
Date posted:
September 22, 2017
.
Answers (1)
-
State four methods of controlling imports
(Solved)
State four methods of controlling imports
Date posted:
September 22, 2017
.
Answers (1)
-
State four benefits that a country may derive from participating in international trade
(Solved)
State four benefits that a country may derive from participating in international trade
Date posted:
September 22, 2017
.
Answers (1)