Factoring allows the exporter to be more competitive by selling on open account rather than by means of the more costly letter-of-credit method.
Correct Answer:
Verified
Q41: Every importer should know how the U.S.
Q42: Products placed in a bonded warehouse do
Q43: Straight bills of lading are negotiable documents.
Q44: When nonexporting firms are asked why they
Q45: Exporters should consider both private and public
Q47: A shipper's export declaration (SED) is a
Q48: Payment terms are incidental once the customer
Q49: The L/C sets up the bank as
Q50: Free trade zones are areas designated by
Q51: A confirmed letter of credit guarantees payment
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents