A Banker's Acceptance Is Created When

question 84

Multiple Choice

A banker's acceptance is created when

• A)is a document issued by the common carrier specifying that it has received the foods for shipment; it can serve as title to the goods.
• B)after taking title to the goods via a bill of lading, the importer's bank accepts the time draft.
• C)a time draft that calls for payment upon physical delivery of goods matures.
• D)none of the above

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Definitions:

Retail Strategy Tension

The challenges and conflicts retailers face when planning and executing strategies to meet customer demand while maintaining profitability.

Sales Tactics

Strategies or methods employed to convince prospects or customers to buy a product or service, often involving persuasion and negotiation techniques.

Conventional

Traditional, typical, or standard practices, methods, or techniques.

Marketing Channel

A set of practices or activities necessary to transfer the ownership of goods, and to move goods, from the point of production to the point of consumption.