Florida B.P. found it challenging to manage the production and shipping expenses related to exporting overseas. After meeting with its chosen bank, it decided to include a 10 percent advance payment in its export contracts to assist with this challenge. What other strategies could the company implement to assist with managing expenses related to exporting overseas? 

2. Florida B.P. chose to use a debt collection agency to attempt to recover payment from Fraser Transport in Scotland. What alternative options could it have pursued to resolve the outstanding amount? 

3. When searching for a bank or financial institution to provide assistance in exporting internationally, what process should Florida B.P. have followed 4. Florida B.P. has become more competitive through offering flexible payment options and extended financing terms to clients; however, it is continuing to price contracts in U.S. dollars, which is disadvantageous to buyers. 

What other strategy could it use to minimize its foreign exchange risk and become more competitive? 

Give reasons for your answer. Although based on research of actual events, organizations and/or individuals, this case study is fictional and is intended to support learning. Cases are not intended to serve as endorsements, sources of primary data or illustrations of effective or ineffective management.

Answer rating: 100% (QA)

1 Strategies to manage expenses related to exporting overseas a Efficient Supply Chain Management Streamlining the supply chain and logistics processes can help reduce production and shipping expenses ... View the full answer