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Means, motive and opportunity to pay--do your potential foreign customers qualify? (International Affairs Section).
Business Credit
|
February 01, 2003 |
Wells, Ron |
COPYRIGHT 2003 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
Imagine your sales manager has "a great opportunity" to make a considerable amount of money selling your widgets to an international customer. All he needs is your approval to grant 120 days' credit from date of dispatch. You stand between the sales manager and the realization of this great opportunity. Besides wishing you'd arranged your annual vacation to commence yesterday, what can you do to respond positively and yet protect your company from the dangers that lurk across the water?
Due Diligence
The first priority in the case of any new customer (foreign or domestic) must be to establish whether it is a genuine business. You must establish the full ...
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Source: HighBeam Research, Means, motive and opportunity to pay--do your potential foreign...