The Less Developed an Area of the World Is,the More

question 46

Short Answer

The less developed an area of the world is,the more likely it is that an exporter will use a ____________________ term of payment.

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Definitions:

Marginal Benefit

The additional satisfaction or value gained from consuming or producing one more unit of a good or service.

Marginal Cost

The cost added by producing one additional unit of a product or service.

Marginal Analysis

An examination of the additional benefits of an activity compared to the additional costs incurred by that same activity.

Additional Costs

Expenses that are not initially planned or anticipated, which can arise during the course of a project or as part of an operation.