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Define and describe exporting.Briefly describe the three types of export intermediaries.
Inventory Carrying Costs
The total cost associated with holding inventory, including warehousing, insurance, depreciation, and opportunity costs.
Straight Salary
A compensation structure where employees are paid a fixed amount of money regularly, regardless of performance.
Commission
A form of payment to an employee or agent, typically a percentage of the value of the goods or services they have sold.
Level of Intangibility
The degree to which a product or service lacks physical substance, impacting how it is marketed and perceived by consumers.
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