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Article=> STATUS ENQUIRIES |
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Date:[2006-2-16] Hits[754] |
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Status enquiries are those written communication in which traders request informations concerning the fincancial position, credit, reputation, and business methods of other firms. In business, it is of the utmost importance to obtain all the information possible respecting the firm one is about to enter into relations with.
There are various ways of obtaining such information. Instead of applying to a business friend, traders sometimes apply to banks, chambers of commerce, or enquiry agencies. The information obtained from a bank or from a chamber of commerce is generally most reliable. However, a bak will not give information direct to an unknown trader unless the enquiry is from one of its fellow banks. Therefore, when taking up a bak reference, the trader must do so through his own bank.
Letters enquiring status are more or less stereotyped. Some large firms make their enquiries on specially printed forms containing the questions they would like to have answered.
Status enquiries are generally headed "Confidential" or "Private and Confidential". These words are also written on the envelope.
Traders asking for information must bear in mind that they are asking a favour and therefore should write in polite and appreciative terms. When the information is received, be it favourable or unfavourable, suitable letter of acknowledgment and thanks must be sent. This is no more than common courtesy. |
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