In Deciding Which Method of Payment to Accept, the Exporter

question 9

Multiple Choice

In deciding which method of payment to accept, the exporter should consider:

• A) the creditworthiness of the importer.
• B) the credit terms offered by competitors.
• C) the previous track record of the importer in meeting payment obligations.
• D) all of the above.
• E) options A and B only.

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Definitions:

Bad News

Unfavorable information or updates that need to be communicated.

Clearly Explain

To communicate information in such a way that it is easy to understand, leaving no room for confusion or misinterpretation.

Negative Information

Refers to data or news that reveals unfavorable conditions, problems, or aspects related to a situation, person, or entity.

Criminal

A person who has committed a crime or has been legally convicted of a crime.