CUSTOMS BROKER Definition

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CUSTOMS BROKER is an individual or firm licensed to process entry and clear goods into the country for another.

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FUNDS FLOW is the funds generated from operations; normally expressed as cash flow from operations or working capital from operations.

COMPETITIVE PRICING generally is where firms must be able to offer the best price in the market and meet price erosion without compromising quality. This is normally met whenever a firm finds acceptable a prices-production combination such that: a. At these prices, there is no other production plan yielding higher profits and using fewer capital goods; namely, firms behave as constrained profit maximizers at given prices; and, b. There is no price vector satisfying "a." with higher prices for capital goods. In other words, the prices of capital goods are maximal within those satisfying constrained profit maximization

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