Scenario: Wang's Techno Toys

question 32

Multiple Choice

Scenario: Wang's Techno Toys
Ann Wang has been successful in the domestic market selling high-tech toy products.But facing stiff competition at home,Ann has entered international markets by direct exporting.
-Which of the following is NOT an export/import financing method that Techno Toys might utilize?

• A)Buyback
• B)Letter of credit
• C)Advance payment
• D)Documentary collection

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Definitions:

Strongly Accepted

A term or concept that is widely acknowledged and embraced by a majority within a certain context or community.

Merchandising Firms

Companies that purchase goods at wholesale prices and resell them at retail prices, making a profit on the spread.

Manufacturing Firms

Companies that produce finished goods from raw materials through the use of labor, machinery, and equipment.

Merchandising Firms

Companies that purchase inventory in a finished form for the purpose of reselling it to consumers without further processing.