Allied Gadgets, an industrial equipment manufacturer, accepts selling terms that are less than favorable in order to secure more business. The company exports its products to a small scale industry (SSI) in Belwick with the terms that the SSI doesn't pay for the goods until after they have been received. The payment method used in this scenario is _____.
A) consignment
B) a commercial letter of credit
C) an open account
D) a documentary collection
Correct Answer:
Verified
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