An exporter can conduct its international business in a manner similar to the way it and most companies conduct domestic business by using
A) an open account.
B) a letter of credit.
C) a documentary collection.
D) cash in advance.
E) None of the above

Question

Quizplus · Accepted Answer

While there may be instances of demanding cash in advance or even a letter of credit in domestic transactions,in most cases,businesses offer open account terms in their domestic transactions.Documentary collections are not necessary for domestic transactions.

An Exporter Can Conduct Its International Business in a Manner