A company that exports products on behalf of an indirect exporter is called an export trading company (ETC).
Correct Answer:
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Q18: Initial contact with potential distributors and buyers
Q19: By definition, direct exporters always sell directly
Q20: Distributors take ownership of merchandise when it
Q21: A revocable letter of credit allows the
Q22: Offset differs from a counterpurchase in that
Q24: Whereas an export trading company (ETC) is
Q25: Countertrade can provide access to markets that
Q26: Advance payment is the least favorable method
Q27: Export/import financing in which a bank acts
Q28: Because of the cash outlays involved, countertrade
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