A company manufactures extremely specialized equipment for medical imaging. Because of its value, when the company exports this equipment overseas to hospitals, it generally requires ________, which is a nonrefundable deposit.

Question

Quizplus · Accepted Answer

Cash in advance is often required by sellers when exporting high-value items such as specialized medical equipment to ensure that they receive payment before shipping the goods. This method reduces the risk of non-payment after the goods have been dispatched.

A Company Manufactures Extremely Specialized Equipment for Medical Imaging