期刊名称：Journal of International Business and Cultural Studies
印刷版ISSN：1941-5087
电子版ISSN：1941-5087
出版年度：2009
卷号：3
出版社：Academic and Business Research Institute
摘要：Businesses understand the competitive advantages that can be obtained by participation in and
utilization of global markets. Decreases in costs along the value chain, enhancements and expansion of
product lines and the resulting market expansion in U.S. domestic markets as a result of import activities
are well known for larger companies. But, can a small business function successfully in a similar
environment? This paper discusses the possibility of small businesses functioning successfully in the
international import market without the use of commercial letters of credit, banks as controlling
intermediaries and with a large amount of autonomy with regards to the flow of foreign currency and
contracts. Specifically, this paper examines the commercial letter of credit and contrasts it with the use of
a foreign exchange online portal by small business. The paper shows how the online portal can be used to
circumvent some of the compliance and financial problems associated with the commercial letter of credit
and in lieu of commercial letters of credit for small business purchases.
关键词：commercial letter of credit; foreign exchange; online portal; small business; internationalimports; international markets; entrepreneurial ventures
