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FrançaisDespite the globalization of markets cultural diversity clearly continues. Cultural differences often pose major difficulties in international negotiations and marketing management. The cultural differences reflect differences in personal values and in the assumption people make about how business is organized….
Read MoreCurrency adjustment factor (CAD)
An additional charge added to the base-rate ocean freight costs, which is raised or lowered to reflect changes in the exchange rate of currency in which the freight costs are billed. This charge is separate from the base rate because…
Read MoreCurrency future
A contract for the future delivery of a commodity, currency, or security on a specific date. In contrast to forward contracts, future contracts are for standard quantities and for standard periods and are primarily traded on an exchange. Forward transactions…
Read MoreCurrency option
The contractually agreed right to buy (call option) or to sell (put option) a specific amount of foreign currency at a predetermined price on a specific date (European option) or up to a future date (American option).
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