Which of the Following Financing Methods Would Be Used by an Exporter

question 37

Multiple Choice

Which of the following financing methods would be used by an exporter that enjoys good relations with a buyer in a well-established market?

• A)letter of credit
• B)cash in advance
• C)open account
• D)barter
• E)arrival draft

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Definitions:

Fixed Pie

A term often used in negotiations, indicating the belief that the resources or benefits to be divided are limited and static.

Integrative Bargaining

A negotiation strategy in which parties collaborate to find a win-win solution that satisfies the interests of both, often involving creative problem-solving.

Win-Win Solution

A conflict resolution outcome where all parties involved achieve their objectives and feel satisfied with the resolution.

Integrative Bargaining

A negotiation strategy that seeks to find mutually beneficial solutions by addressing the interests and needs of all parties involved, rather than focusing solely on winning or losing.