Industries & Professions /
Four basic business arrangements govern the trade of goods and services across national borders. The most basic arrangement is the single trade transaction. For example, someone in Florida has a shipment of orange juice to sell abroad. That seller either hires someone to find a buyer or personally finds someone who would like to purchase the shipment of orange juice. A buyer is found in France, a contract is signed after legal matters are settled, and the orange juice is shipped abroad. In the single trade transaction, there is only one contract and one shipment.