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In the Early Stages of Internationalization,exporters Rely Heavily on Personal

question 40

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In the early stages of internationalization,exporters rely heavily on personal contact.As a result,many promotional efforts consist of ________.


Definitions:

Purchase Commitments

Agreements to buy goods or services at a predetermined price, often specifying quantity and delivery dates.

Gross Profit Method

This is an accounting technique used to estimate inventory value, calculating gross margin as a percentage of sales to find the cost of goods sold and ending inventory.

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