The exchange could take place in a market place, or it could be part of the commercial relation among the seller and the buyer.


Template

Name Trade (Exchanging goods and services for money)
Target Outcome A change in the claims by the participating actors, on the exchanged goods.
Business actors and roles At least a buyer and seller, often also transporter, insurer, customs as explained for different incoterms.
Trigger or preceding interaction The establishment of transportation, communication, and financial settlement solutions.
Business interfaces and services Price information,…
Inputs and outputs The goods exchanged, regulations that govern the entitlements (e.g., customs and excise duties), contracts that govern liabilities (e.g. as assumed under each incoterm).
Other characteristics
Part of National or international trade.
Parts The handing over of assets (material, content, financial) among the parties.
Succeeding Interactions In the case of conflict: arbitration.
Alternatives Besides legitimate ways of exchanging goods and services, exchanges may also happen in illegitmate ways, for instance as part of corruption, stealing and robbery.
Tools Sales terms, such as those for International Commerce (IncoTerms 2010). Classification of goods, such as Harmonized Commodity Description and Coding System (HS, Harmonized System) and its use in the determination of customs and excise duties, as illustrated by the Singapore Trade Classification, Customs & Excise Duties 2012.
Action Realm Operations
Risks
Further reading Any handbook on trade.

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Position of Trade among the interactions: