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barxatty [35]
3 years ago
8

EastSide Tractors is an American firm that manufactures construction and farming machinery. A construction company in Germany ha

s placed a large order for machinery, but has requested that EastSide Tractors modify the design and add a special feature. Which form of payment is EastSide Tractors most likely to request in order to minimize its risk?
Business
2 answers:
Lera25 [3.4K]3 years ago
7 0

Answer: Cash in advance

Explanation: Cash in advance is a type of payment that is used in some trade agreements.

This method of payment will require a buyer to pay the seller in cash before a shipment is received and sometimes before a shipment is even made.

Cash in advance is a strategic form of payment that can be used in any transaction in where there is a delay between the sales agreement and the sales delivery.

In the scenario given in the question, we can see that the German company has already placed an order, but the company has also caused a delay in the transaction by requesting for extra modifications.

This will prompt EastSide Tractors to feel the need to safeguard their interests in case the German company should default. This is why a Cash in advance payment system will come into play.

AleksAgata [21]3 years ago
6 0

Answer:

in foreign trade companies use letters of credit (LC)

Explanation:

Ideally the seller wishes to get all the money in advance, but in the real world no buyer will pay you in advance. What the buyer does is issue a letter of credit (LC) through its bank.

A LC is issued by the buyer's bank and it guarantees that payment will be done after certain conditions are met. Generally this conditions refer to actually having shipped the goods and comply with all the documents required by the buyer and the bank.

LCs are used in foreign trade because the banks guarantee that both the seller will get paid and the buyer will receive the goods. The bank itself doesn't verify the goods, other companies are hired to do so, e.g. SGS, Bureau Veritas, etc.

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In contrast to less cohesive groups, members of highly cohesive group members display all of the following EXCEPT:
Keith_Richards [23]

Answer:

The correct answer is b) tending to leave work early when possible.

Explanation:

Highly cohesive groups have more discussions and bring out more information, but it cannot be said that these groups convince dissent. Highly cohesive groups tend to have less absenteeism and rotation.

Some advantages and limitations of highly cohesive groups are as follows:

- Social position of the group: greater loyalty with the group of high social position.

- Size: the smaller the group, the closer the relationship between the group members.

- Communications: more easily to communicate, greater cohesion of the group.

 - Isolation of other groups: physical isolation tends to improve cohesion.

- Management practices: the manager can encourage competition or comparison between employees to make intimate relationships between workers impossible.

- External pressures: the members of a group join more intimately when they are threatened by a common danger; They forget their differences and close ranks to oppose a new supervisor.

- Success: a group will be stronger and more cohesive if in the past their cooperative action has been successful.

3 0
3 years ago
What does a money market account offer that a certificate of deposit (CD)
ruslelena [56]

Answer: A. You can withdraw money at any time.

Explanation:

4 0
2 years ago
Amy, a baker, has found her dream home, but cannot afford the down payment. Amy’s brother agrees to loan her $3000 for the down
Kitty [74]

Answer:

$0 because an agreement to accept different performance in lieu of full payment of liquidated debt is binding.

Explanation:

Since there is an agreement between Amy, a baker, and her brother, she owes him $0.

At first, Amy gets a loan of $3,000 from her brother to pay for her dream home. She agrees to pay him back in one year, and that agreement was binding. During the time to pay back the loan, Amy offers to bake her brother's wedding cake instead of paying back the loan and her brother accepts. This has presented a new agreement that overrules the previous agreement. Now instead of paying back the $3,000, she would bake a wedding cake for him. This implies that the wedding cake is equal to $3,000.

Therefore, she owes him $0.

4 0
3 years ago
Once you've found your target market, your business is on track, and your customers seem satisfied, ongoing market research can
Murljashka [212]

Answer:

1st question: B. inform you of coming trends.

Even after understanding your customer segment and satisfying your customers, you have to keep up with the market trends and the changing needs of customers if you need to be successful.

2nd question: C. Provide check boxes for each choice.

A simple question and check box type questionnaire is the best way to get customer feedback as it consumes less time to fill.

Explanation:

4 0
2 years ago
Assume an economy is currently engaged in free trade but considering implementing a tariff on its main import, athletic shoes. W
UNO [17]

Answer:

Price - increase

Domestic production- increase

Import- reduces

Producer surplus- increase

Explanation:

A tariff is a form of tax on import or export.

When a tariff is imposed on a good , the price of the good increases.

As a result of the tariff , the amount of the goods imported falls as the imported good is now more expensive. The quantity produced by domestic producers increases as consumers would now start demanding for the domestic good. Tariffs are sometimes enacted to discourage importation and encourage domestic production.

As a result of the price increase, producer surplus increases. The increase in price also increases output. The producer surplus is the difference between the price of a product and the least amount the producer is willing to sell his product.

I hope my answer helps you.

7 0
3 years ago
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