Scenario: Wang's Techno Toys

question 59

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.
-From a risk perspective,which financing method is the LEAST favourable for Techno Toys' export business?

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

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Definitions:

Unexpected Crisis

A sudden, unanticipated event that poses a significant threat and requires immediate response.

Management Processes

The series of ongoing actions and tasks undertaken by an organization's management to plan, organize, lead, and control operations.

Performance Metrics

Quantitative measures used to gauge an organization's or individual's performance, often in comparison to a standard or benchmark.

Benchmarking

The practice of comparing business processes and performance metrics to industry bests or best practices from other companies to improve performance.