One of the Most Popular Forms of Cooperative Exporting Is

question 16

Multiple Choice

One of the most popular forms of cooperative exporting is _________________. With this method, the company uses the overseas distribution network of another
Company (local or foreign) for selling its goods in the foreign market.

• A) parallel exporting.
• B) venture exporting.
• C) piggyback exporting.
• D) make-or-buy exporting.
• E) foreign export management exporting.

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Definitions:

Bill of Exchange

A written, unconditional order by one party directing another party to pay a specified sum of money to a third party on demand or at a set date.

Call for Tenders

A formal invitation to suppliers to bid on supplying goods or services under specified conditions.

Prospective Bidders

Prospective bidders are individuals or entities that may be interested in submitting a bid or offer to acquire goods, services, or assets that are being offered.

Guarantor

A person or entity that agrees to be responsible for another's debt or obligations if the latter fails to fulfill them.