Among the Following Terms of Payment,which Is the One Which

question 3

Multiple Choice

Among the following terms of payment,which is the one which is the most customer-friendly and still protects the exporter from the risk of non-payment?

• A) a letter of credit
• B) open account
• C) open account with credit insurance
• D) international forfeiting
• E) None of the above

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Definitions:

Radio Frequency Identification

A technology that uses electromagnetic fields to automatically identify and track tags attached to objects.

Distribution Centers

Facilities that store and distribute products and materials to retail locations, wholesalers, or directly to consumers, acting as a pivotal point in the supply chain.

Universal Product Codes

are unique 12-digit numbers used to identify retail products worldwide, facilitating the tracking, inventory, and sales processes.

Contractual Marketing System

A network of agreements between various parties in the distribution channel to promote, distribute, and sell products.