In Scenario 15-2 above,in order to minimize his losses in the global market,Gary decided to require his clientele to pay for their orders before the orders were shipped.This is known as

Name: In Scenario 15-2 above,in order to minimize his losses in the global market,Gary decided to require his clientele to pay for their orders before the orders were shipped.This is known as
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Payment in advance is when the buyer pays for goods before they are shipped, minimizing the seller's risk of non-payment.

In Scenario 15-2 Above,in Order to Minimize His Losses in the Global