A/An _____ is issued by the purchaser's bank in conjunction with an affiliate bank in the seller's country which assures the seller that the funds are in the bank.
a. bill of lading
b. letter of credit
c. Incoterm
d. hedging contract
e. tariff
Question 2
In order to get retailers to display its product, a manufacturer has to have its salespeople go to the retailers' stores, set up the displays, and instruct them in how to utilize the displays. In this example:
a. Conflict is obviously not present.
b. Channel efficiency is apparently quite high.
c. Extra input is needed to achieve the distribution objective.
d. Trade margins appear to be too low.
e. The manufacturer is unable to achieve channel efficiency.
A typical bank statement.
Example of Reconciling a Bank Statement Cont.
The official “Do Not Use” list as issued by The Joint Commission.
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