The Expanding Middle-Class in Emerging Countries Is Creating a Vibrant

question 133

Multiple Choice

The expanding middle-class in emerging countries is creating a vibrant international travel industry. Many more of these travelers are shopping while abroad and even in transit. This is an example of:

• A)travel retailing.
• B)mobile retailing.
• C)online retailing.
• D)faster retailing.

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Definitions:

Zero Coupon Bonds

Bonds sold at a discount that pay no periodic interest payments but are redeemed at their face value at maturity, providing a fixed return to investors.

Factoring Receivables

Factoring receivables is a financial transaction where a business sells its accounts receivable to a third party at a discount to get immediate cash.

Short-Term Credit

Borrowings taken by a company to fulfill its short-term financial needs, typically repaid within a year.

Blanket Inventory Lien

A legal claim on all inventory items of a borrower by a lender as collateral for a loan.