METHODS OF PAYMENT IN EXPORT

METHODS OF PAYMENT IN EXPORT

Assessment

Interactive Video

English

Vocational training

Practice Problem

Hard

Created by

Quynh Do

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first payment method discussed in the video?

Letters of Credit

Open Account

Cash in Advance

Consignment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which payment method allows the seller to ship goods before receiving payment?

Open Account

Cash in Advance

Consignment

Inventory Collections

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key risk for sellers using the Consignment method?

Loss of goods

High shipping costs

No risk at all

Delayed payment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does an LC protect the seller against?

Non-payment

Inventory loss

High fees

Delayed shipment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should Niku consider when choosing a payment method?

Product quality

Market demand

Shipping costs

Export credit insurance