Explain how factoring can enable an exporter to use open account when making payment arrangements with buyers.

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Explain how factoring can enable an exporter to use open account when making payment arrangements with buyers. How does this differ from forfaiting?

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International Marketing & Export Management

ISBN: 978-0273743880

7th edition

Authors: Gerald Albaum, Edwin Duerr

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Question Posted: Dec 02, 2015 04:43 AM

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Explain how factoring can enable an exporter to use open account when making payment arrangements with buyers.

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The factor purchases the accounts receivable of the exporter providing cash to the ...View the full answer

International Marketing & Export Management

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