ACTIVITIES IN ANGLIA CLUB

PROJECT N°4

Project Development:

1- The surveyed companies are EXITO and FALABELLA
2-  Credit cards each operate as follows:
  In FALABELLA:

It has the best benefits:

 Give points for purchases, bill payment offers on PAT, 6% discount on Tuesdays in their stores, 0% commission by turns, advances and purchases.
  • It is comfortable and very safe
• You can buy in Chile, on the internet and abroad.
   • Make cash advances in Bank offices and ATMs Redbanc and Banco Falabella.
   • Access to Money in fees from $ 50,000 up to 36 months.
   • High security key when you pay with PINpass or WebPay Plus (online shopping).

  What you need to have your Visa Credit Card?
• Minimum age 25 years
• A minimum income of $ 400,000.

Respect of  EXITO:

the card can be purchased: Employee, independent, boarding, taxi drivers, housewives and retired. The benefits of the card are:
- That you can access a credit line, with revenue from a minimum wage.
- That you can with good management, building credit history and open up the financial sector.
- You pay no management fee until you have balance.
- Is to give you exclusive discounts every week of the year. - Is that you can make your payments in more than 260 stores, taking advantage of their extended hours.
- Is that you can make cash advances cash registers in all successful group at a cost of $ 6,500.
- Is to buy from over 3100 outlets and 110 retail partners.
- You can defer your purchase up to 48 installments.
- You have access to unemployment insurance, protected bag, female cancer and funeral grants.
- 2 points is to give back the VAT you will see reflected on your statement.
- is that you can accumulate points EXITO.

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Payment Alternatives

 EXITO with your card or you can extract to deposit any cash register in all our stores EXITO, Law, POMONA, Carulla, Merquefacil and Surtimax the country, cash or debit card.
With your statement you can cancel at Bancolombia. AVVillas, Colmena, Banco Caja Social (BCSC), where you can pay in cash or check payable to Yours.
You can also cancel via the Internet through Facturanet
If you have any bank account (*), you can authorize the automatic debit of your account, filling out an authorization at any center EXITOCard.
Collection Agencies.


 

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5- With regard to credit card security measures have been implemented as increased security at ATM machines, cameras, new technologies, among other measures to improve and ensure quality of service.

 

6- The conclusions are that the cards used by either side and control can be a useful tool to improve access to products and services easier and the other evil in this system are the frauds, thefts at ATMs, the cloning cards, etc. when not in use are carefully.

3- Risk: credit card fraud. On line credit card transactions are classified as card not present for credit card issuers. This means that if a cardholder has a dispute claiming not to buy any item, the business owner is responsible to reimburse the funds, even if the article has already been sent. By contrast the physical store merchants are asked to sign the receipt and are rarely charged for fraudulent charges. The online sale jeopardizes the fulfillment of not paying fraudulent orders.

4- The dark side of creditMany times, the misuse and lack of expense control will generate large debts, which will be very difficult to escape. And in many cases it may lead to bankruptcy.- The loss of time in the transaction while authorized credit.- The possibility of click fraud in cases of intentional misuse, theft or loss of the card.- If we are not sorted with our finances we can lose control of what is spent.- Excessive use of funding, which is obviously more expensive, increasingly the original cost of the bought.- Do not use cash you can get to buy more things so compelling.- It often happens that the products they buy are more expensive cards because it adds interest and expenses proper to have each of the card.- Many businesses put additional fees which also urges the product.- Additional charges have credit cards tend to be expensive: fees for late payments, exceeding the credit limit or purchase fees, card renewal, replacement charges for lost cards, charges for additional cards .As for the disadvantages they may face the affiliated institutions include:- Unable to convert invoices into cash within a period of less than 48 hours, at least they own a bank account with the bank issuing the card, through which you can make a deposit in the amount of credit card transactions and turn on it almost immediately.- The elapsed time in the confirmation and approval of a loan requested by a potential customer.

TYPES OF INVESTMENTS

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INVESMENT	ADVANTANGES	DISADVANTAGES
·        The short-term investments       ·      The medium-term investment       ·         The long-term investments	They are practical   investments for when someone needs to increase its capital and appears a   quick business opportunity.       The time investment   in this medium-term is a bit longer than the short term, but does not become   an investment that involves a number of years to see results.     These are the ones   that take longer, but generally are those that offer better benefits. The   long-term investments are most commonly associated with the assembly of   businesses or large businesses.	As a negative point   we could say that most of the time, these investments do not represent the   reverse will provide extraordinary profits.     Requires a more   thorough screening when investing and is little scope for the distant future.         Create a structure   that will provide benefits to future and that have more time of wait for   obtain your profits.

INTERNATIONAL ECONOMICS

 The international economics is built or made ​​through four important aspects are: Reasons for Trade, Exchange Rates,  Comparative Advantage,Balance of Payments and Absolute Advantage. Where can to show differents dimensions of the international economics as in the reasons of the trade the access to different goods,scale economies,generates economic growth and others; respect of comparative advantage have fortune of specialisation of the production.

The Advantage of Trade are appreciation of the Exchange Rates, managed floating, different opportunity cost ratios, Specialisation of the production,stimulation of trade in goods and services. Which leads to improvements in the terms of trade as long as they maintain beneficial relations actors and multerateral bilateral trade.

 The Disadvantages of  international economics are factor endowments,speculation in the world market, differences in interest rates, depreciation of exchange rates;which generate risks in terms of exchange, causing the so-called financial crisis, the increase in countries' external debt, poverty and misery, inequality and at the same time the destruction of the environment acelarada unbridled excess production.  

INTERNATIONAL TRADE THEORIES

The basic theories of international trade are:

THE MERCANTILIST supports the importance of exports and lowering imports,also receive-currency payment is based on gold standard and hence the problem with this theory is that it excludes the import good.
ABSOLUTE ADVANTAGE Based on what they produce has more advantages in its production and marketing whose theory is attributed to Adam Smith.
COMPARATIVE ADVANTAGE Based on commercial gain through specialization in the production of the good that has an absolute advantage,which was put forward by David Ricardo.

FACTOR ENDOWMENTS :This theory states that it should export products that are used intensively and having numerous factors that must import the products in use are scarce. The theory was espoused by Heckscher and Ohlin.

Also exposed the product life cycle where explain four stages that are the introduction,growth,maturity and the decline; At present show that The big challenges of the International Product Life Cycle these days are  dealing with a very short Introduction Stage, due to technological competitiveness and
extending the length of the PLC through Market Modification and Product Modification.

 

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