Abstract from the year 2016 in the subject Business economics - General, , language: English, abstract: Generally and especially during commerce and business transactions, there are some steps to follow, which lead to a better and correct outcome. This paper attempts to show some of the essential points to readers and students, which they can then relate to business studies. Today, with the fast global change of technology and the wide internet usage, the world is more like a village. The traders are closer together and the products, goods and services are available more widely. However, goods and services reaching the right people is still a problem with national and global laws and regulations.Large and complicated business transactions have a need for exchanging letters. Having knowledge about how to address a letter from beginning to the end needs some very special skills to succeed in trade and commerce transactions. Nowadays the internet and social media are available and makes business contacts easier, but still the essential documents have to be signed and archived by both buyer and seller, a process which is so easily called "business correspondence".