American small business owners have the misconception that payment for goods sold to foreign buyers is uncertain.

Question

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American small business owners often believe that international transactions are risky and may result in non-payment of goods sold to foreign buyers. However, there are various methods such as letters of credit, export credit insurance, and electronic payment systems that can provide greater security and reduce the risk of non-payment.

American Small Business Owners Have the Misconception That Payment for Goods