In the European Union,it has become difficult to conduct business on any payment terms other than
A) cash in advance.
B) open accounts.
C) letters of credit.
D) factoring.
E) None of the above

Question

Quizplus · Accepted Answer

While any of the payment terms may be used in specific cases in the European Union,competition there is so intense and the practice is so widespread that an exporter is essentially expected to offer open accounts.

In the European Union,it Has Become Difficult to Conduct Business