| Module Code | BM 240 |
| Module Title | International Trade Operations |
| Academic level | Level 2 |
| Credit value | 5 |
| Instruction | German |
| Pre-requisites | BM 100 - Business Context & Functions |
| Co-requisites | All other Level 2 Management modules |
|
Rationale for Module |
The vision of a “Global Village” is no longer
merely a vision. Companies of all sizes and industries purchase from and/or sell to all parts of the world. In all companies that seek to exploit opportunities not only in national markets but also in markets abroad there has to be the staff that understands the special risks of international business, as well as the strategies and instruments to keep these risks as small as possible. By the end of this module students will recognize why international business is crucial for many companies and understand the different forms of risk in international trade and business. Students learn how to deal with these risks, especially how to hedge losses in insuring payment and delivery. Students also get an idea of some special instruments of financing foreign trade. There are close ties to the issues taught in the Level 2 modules “International Economics” as well as in “Marketing” and “Financial Management, Reporting & Taxation”. |
| Aims |
This module aims to: • illustrate the opportunities for companies presented by international business and trade • develop students’ understanding of the special risks companies have to be aware of when engaging in international business |
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