From the Importer's Point of View the Most Attractive Method

question 23

Multiple Choice

From the importer's point of view the most attractive method of payment is

• A) open account.
• B) time draft.
• C) documentary collection.
• D) documents against payment.

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Definitions:

Limited Quantities

A restricted amount of a product or resource available for consumption or use.

Perfectly Elastic

Perfectly elastic describes a situation in market demand where consumers will only buy at one price and any deviation from this price leads to zero demand for the good or service.

Economic Profits

The difference between a firm’s total revenue and its total costs, including both explicit and implicit costs.

Exiting

The process of leaving or withdrawing from a particular situation, status, or location, often used in the context of businesses or markets.