GLOBAL TRADE POINT NETWORK (GTPN)

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MASTER OF COMMERCE – M.Com First Year (IBO) Solved Assignments for July 2019 and January 2020 Admission Cycles

IBO Tutor Marked Solved Assignment

Course Code : IBO – 01
Course Title : International Business Environment
Assignment Code : IBO-01/TMA/2019-20

Coverage : All Blocks

IBO – 01 International Business Environment Solved Assignment for 2019-20

Q5.) Write notes on the following :

iii) Global Trade Point Network (GTPN):

The Global Trade Point Network (GTPNet) is an electronic network inter-linking the central website of the Trade Point Programme and websites of individual Trade Points. Three main services are provided centrally by the GTPNet: 

 Worldwide company database

 The GTPNet company database is a valuable source of information for those seeking business partners all over the world. This information is structured so that minimum data about each company are always available. A criteria-based search engine facilitates the identification of suitable business partners listed in the database.

 System of business opportunities – the Electronic Trading Opportunities system 

The advanced Electronic Trading Opportunities (ETO) system is the core component of the new GTPNet. As with the records in the company database, ETOs are structured to contain minimum mandatory information about each business opportunity in order to save users time and to eliminate unsubstantiated postings. Individual business opportunities are linked to corresponding records in the GTPNet company database. The provision of additional background information about companies in the ETOs increases the value to users. The search engine available on the ETO database enables users to locate business opportunities that best correspond to their needs. The credibility of ETOs is significantly enhanced by the fact that only prequalified (operational) Trade Points or companies registered with them can post ETOs on the GTPNet 

 Real-time discussion forums

 Real-time discussion forums have been made available to the Trade Point community. The objective is to give Trade Points a tool to discuss mutual cooperation at a regional and global level.