Which of the Following Is Not a Payment Method Used

question 20

Multiple Choice

Which of the following is not a payment method used for international trade?

• A) consignment
• B) open account
• C) factoring
• D) draft
• E) letter of credit

Grasp the importance of and strategies for maintaining customer goodwill and loyalty in response to claims.

Understand the goals and structure of effective adjustment messages.

Realize the significance of expressing authenticity and sincerity in goodwill, condolences, and thank you messages.

Recognize the potential of complaint messages as opportunities for improvement.

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Definitions:

Total Variable Costs

The total of all costs that vary with the level of output, including costs such as materials and labor that change with the scale of production.

Profit-Maximizing Level

The output level at which a firm achieves the highest possible profit, where marginal revenue equals marginal cost.

Marginal Revenue

The additional income earned by selling one more unit of a product or service.

Profit-Maximizing Level

The point at which a firm produces at a level where the difference between total revenue and total cost is the greatest.