Except for Cash in Advance, _____ Afford(s) the Greatest Degree

question 70

Multiple Choice

Except for cash in advance, _____ afford(s) the greatest degree of protection for the seller.

• A) open accounts
• B) letters of credit
• C) bills of exchange
• D) factoring
• E) forfaiting

---

Definitions:

ISO 9000

A set of international standards for quality management and quality assurance designed to help companies meet regulatory requirements and satisfy customer needs.

Perceptual Benefits

Advantages perceived by consumers that may not be tangible but influence the decision to purchase a product, based on perceptions of value, brand, and quality.

Functional

Designed to be practical and useful, focusing on what something does or how it works rather than how it looks.

Communication Benefits

The advantages gained from effective communication, including improved understanding, increased efficiency, and better relationships.