The Term _____ Refers to a Situation in Which an Exporter

question 75

Multiple Choice

The term _____ refers to a situation in which an exporter sells a time draft at a discount to an intermediary (often a bank) that will pay the exporter immediately and then collect the full amount from the importer at the later date.

• A)free on board
• B)goodwill
• C)factoring
• D)flight capital
• E)cash in advance

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Definitions:

Specialty Advertising

Promotional items that prominently display a company’s name, logo, or business slogan.

Engraved Golf Balls

Engraved golf balls are golf balls customized with inscriptions, often used for personalization or promotional purposes.

Community College

A type of educational institution providing higher education and lower-level tertiary education, granting certificates, diplomas, and associate degrees.

Comparative Advertising

A marketing strategy where a brand compares its product directly to a competitor's product to highlight its advantages.