Let’s assume you are working in a (Small-Medium Enterprise) SME in Istanbul and your company would like to supply from Nigeria again from another SME. There is no prior transaction between these two companies. The transaction amount is around 100K USD. What kind of payment method would you choose and why? What are the risks and advantages of the method you choose? (Explain in min. 3-4 sentences.)

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Let’s assume you are working in a (Small-Medium Enterprise) SME in Istanbul and your company would like to supply from Nigeria again from another SME. There is no prior transaction between these two companies. The transaction amount is around 100K USD. What kind of payment method would you choose and why? What are the risks and advantages of the method you choose? (Explain in min. 3-4 sentences.)

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