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What else can I help you with?
Why do you think the merchants of mogadishu used this method to conduct business?
The merchants of Mogadishu likely used their unique methods of conducting business to adapt to the local context and maximize trade efficiency. By employing practices such as bartering or establishing long-term relationships, they could navigate the complexities of the regional economy and foster trust among traders. Additionally, these methods may have been influenced by cultural traditions and the need for flexibility in a dynamic market environment. Ultimately, these strategies allowed them to thrive in the historically significant trade hub of the Swahili Coast.
Is a shopkeeper the same thing as a merchant?
A shopkeeper and a merchant are related but not exactly the same. A shopkeeper typically refers to someone who owns or operates a retail store, selling goods directly to consumers. In contrast, a merchant is a broader term that encompasses anyone engaged in the trade of goods, including wholesalers, importers, and exporters, who may not necessarily have a physical storefront. Therefore, while all shopkeepers can be considered merchants, not all merchants are shopkeepers.
Does Costco mean Chinese overseas Trading Company?
Oh honey, bless your heart for trying. Costco actually stands for "Cost Company," a mashup of "Cost" from the founder's original business, and "Co" from "Company." So no, it doesn't mean Chinese overseas Trading Company, but hey, nice effort.
How is fair trade different from other trades?
It gives the farmers in other countries (usually poor countries) a fair amount of money.
What kinds of problem do companies use to enter overseas market?
Companies face several challenges when entering overseas markets, including cultural differences, regulatory compliance, and market competition. Understanding local consumer behavior and preferences is crucial, as misalignment can lead to product mismatches. Additionally, navigating legal requirements, tariffs, and trade agreements complicates market entry. Companies must also strategize on distribution channels and local partnerships to effectively establish their presence.
What did Sargon do to raise money to pay his army and buy the loyalty of his supporters?
by controlling trade routes and taxing merchants
The pattern of overseas trade developed by New England merchants is known as the triangular trade?
True.
How did merchants raise the money for overseas trade in the age of exploration?
During the Age of Exploration, merchants raised funds for overseas trade primarily through the establishment of joint-stock companies, which allowed investors to pool their resources and share both the risks and profits of long-distance voyages. They also sought loans from banks and wealthy individuals, often offering cargo or future profits as collateral. Additionally, some merchants secured financing through government support, including grants and subsidies from monarchies eager to expand trade and influence. This financial innovation enabled more ambitious exploration and the establishment of trade networks.
What did 16th century European merchants trade?
they traded spices , fabrics and wine overseas and in scotland lalala
Why did the use of money trade to grow?
because the merchants where exchanging goods for money
Why did the use of money help the trade to grow?
because the merchants where exchanging goods for money
Why did the use money help trade to grow?
because the merchants where exchanging goods for money
How did the British attempt to raise revenue in the Northern colonies?
Britain tried to raise money to repay war debts in various ways. They raised the taxes and levies, they also worked hard to stop free trade by merchants among other things.
How did merchants raise money?
Merchants raised money through various means, including loans from banks, borrowing from private lenders, and pooling resources with investors or partners. They also utilized trade credit, extending payment terms with suppliers to manage cash flow. Additionally, some merchants engaged in crowdfunding or pre-selling goods to customers to secure upfront capital.
How did the joint-stock companies help merchants overcome the high costs of overseas trade?
The joint-stock benefited from foreign trades in many ways. Commerce is what made most of the money for people it came from monopoly fees, customs or goods.
Why did the use of money help trade to grow in Greece?
For the Greeks used the money to help there trade to grow because the merchants where exchanging goods for money , to later sell them more expensive than they where.
Why did the Maryland settlers raise tobacco?
They grew tobacco for money and trade
