An important and practical issue for domestic firms dealing with foreign customers is securing payment.

Question

Quizplus · Accepted Answer

Securing payment is an important and practical issue for domestic firms dealing with foreign customers as it involves various risks, such as currency exchange rate fluctuations, political instability, and default by the buyers. Therefore, it is essential for firms to have appropriate payment methods and mechanisms in place to ensure timely and secure payment for their goods and services.

An Important and Practical Issue for Domestic Firms Dealing with Foreign