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Business Documents and Globalisation - Coggle Diagram
Business Documents and Globalisation
Business Documents & Record-Keeping-
Importance of Record-Keeping
Legal compliance
Financial control
Decision-making
Evidence in disputes
Documents Used
Buying: enquiry, quotation, order, invoice, credit note
Selling: sales invoice, receipt, statement
Procedures
Incoming: open → check → record → file
Outgoing: prepare → check → send → copy/file
Analysis of Documents
Prices, VAT, discounts
Payment terms
Accuracy and authenticity
Key Terms
Invoice, VAT, trade discount, credit note, statement
Globalisation-
Reasons
Improved transport
Advances in technology
Free trade agreements
Multinational corporations
Pros
Greater consumer choice
Lower prices
Job creation
Cons
Job losses in local industries
Environmental damage
Cultural homogenisation
Technology & Consumer Behaviour-
Increased choice
Price comparison
Online reviews influence decisions
Faster purchasing
E-commerce-
Advantages
Convenience
24/7 access
Global reach
Lower overheads
Disadvantages
Security risks
Lack of personal service
Delivery delays
Digital divide