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Our company is one of the leading companies in china ornaments retail business.We have oufiets throughout our England.We are interested in your products displayed at the exhibition Guangzhou fair and would like to know whether you could offer us a sole agency to retail your products in our country.
We are confident that there is a growing market for your products in this area, due to the increasing demand for china ornaments.
We operate on a 10% commission basis on net list prices, with an additional 3% del credere commission if required.We usually pay our principals by bill of exchange on a quarterly basis.
If you are interested in the above proposal, we will send our representative to discuss further details with you.We look forward to hearing from you soon.
Yours sincerely,
We will be using the bfi data (bfi is a data frame available in R), which has 28 variables, and 1000 observations. The data are the results of a study of 1000 individuals who were asked to rate themselves on a Likert scale of 1 to 6. The last three variables in the data frame report age, education and gender. VARIABLE INTERPRETATION A1 Indifferent to others A2 Inquire about others’ well-being A3 Know how to comfort others A4 Love children A5 Make people feel at ease C1 Exacting in my work C2 Continue until everything is perfect C3 Do things according to a plan C4 Do things in a half-way manner C5 Waste my time E1 Don’t talk a lot E2 Find it difficult to approach others E3 Know how to captivate people E4 Make friends easily E5 Take charge N1 Get angry easily N2 Get irritated easily N3 Have frequent mood swings N4 Often feel blue N5 Panic easily O1 Am full of ideas O2 Avoid imposing my will on others O3 Carry the conversation to a higher level O4 Spend time reflecting on things O5 Will not probe deeply into a subject Question 1 : Perform both principle component analysis and factor analysis on bfi dataset(except age, gender and education), how many factors/components are extracted? Question 2: Draw a diagram with factor analysis loadings based on the results of question 1 (only show the biggest loading per item). Read the table above, understand the meaning of each item, and try to name one of the factors/components extracted in question 1.
B: As you know, we prefer the L/C 20 days in advance which expires 15 days after receiving the paking list.
A: I suppose you have known our financial standing and credit well now after our long-term cooperation.We know an irrevocable L/C can ensure that the seller gets payment duly.But, on the other hand, it would increase the buying cost.Therefore, could you consider giving us D/P this time?
B: I am sorry.But our rules only allow us to accept other terms of payment by L/C, although the buyer has had two or three transactions with us before.
A: But why not if you have known the buyer's credit after several deals?
B: We hope you can understand.We have got some serious lessons from the credulity.One of them was through D/P documentary collection.When the shipment worth US $50000 was effected, the buyer refused to make the payment.But we can do nothing with it.And that buyer had had one or two deals before this one.
A: I see.But the flexible terms of payment will definitely bring you more orders as well as facilitate the buyers' purchasing.
B: Sure.We don't mean we won't accept other terms of payment forever.As a matter of fact, we will do so when we have known well about the buyer's credit after a real long-term cooperation.
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