An Intermediary Who Is Already Exporting May Let a Small

question 62

Multiple Choice

An intermediary who is already exporting may let a small business owner take advantage of the international connections they have already established.This is known as

• A) Brokering
• B) Export management
• C) Export trading
• D) Piggyback exporting

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Definitions:

Pay to the Order

A phrase written on checks or drafts instructing the financial institution to pay the specified amount to the individual or entity named.

Trust

A fiduciary relationship in which one party, known as the trustee, holds property on behalf of another party, known as the beneficiary.

Sign

To write or use a symbol, like one's name, on a document as a way of acknowledging or agreeing to its terms.

Deposits

Sums of money placed in accounts within financial institutions or as security for contracts, which might earn interest over time.