FIN 3163 - International TradeFinance

Question

a)"Cash flow planning is one of the most important aspects of running any business, andit is particularly important for companies in internationaltrade."

In light of the above statement, discuss, why it is important for exporters on the international market to manage their cash flow well. Also, discuss the techniques that exporters can use to manage their cash flow well (mention at least 5).

If you were asked to forecast (cash flow) for an exporter, outline some of the items that you would include in this statement and explain each of them (mention atleast 5items).