Exporting Involves the Purchase of Goods in the Home Country

question 88

True/False

Exporting involves the purchase of goods in the home country made by manufacturers in other countries.

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Definitions:

Collection Time

The average period that a company takes to collect cash from its credit sales.

Cheques

A document that is written, dated, and signed, which gives an absolute command to a bank to pay a specific amount of money to the recipient.

Bank Clearing Time

The process and time required for checks and other transactions to be processed through a bank or clearinghouse and the funds to become available.