What Are Four Different Methods by Which an Exporter Can

question 22

Essay

What are four different methods by which an exporter can accept payment from an importer? List them in increasing order of risk to the importer.

---

Definitions:

Marginal Revenue

The increase in revenue that results from the sale of one additional unit of output.

Price Elasticity

A gauge for assessing how changes in price affect the supply or demand volumes of a product.

Demand Curve

A visual chart that illustrates the connection between a product's price and how much of it consumers want to buy.

Price Cut

A reduction in the selling price of goods or services, often to attract more customers or boost sales.