vital

This book explores an important but often neglected aspect of a firm's finances: trade credit management (TCM). When firms offering credit to each other so purchases can be made on open account it is a vital source of business-to-business credit flows. Trade credit is the life-blood of competitive economies. Trade credit involves taking calculated credit risks. In return, selling firms boost sales...

This monograph touches upon the relatively under-researched subject of the process and degree of industry internationalisation. Situated between the micro- and macroeconomic perspectives, the book deals with economic subsystems which are rarely discussed in the international business literature but which constitute a vital pillar of national economics. As Prof. Krzysztof Wach from the Cracow University...