Question: Here are three open questions about factoring: 1 . What factors determine capital needs and financing alternatives in export - import trade? 2 . Discuss

Here are three open questions about factoring:
1. What factors determine capital needs and financing alternatives in export-import trade? 2. Discuss the various methods in which a letter of credit can be used to finance exports. 3. What is export factoring? How does it differ from forfaiting?
4. State the typical steps involved in export factoring.
5. What are the advantages and disadvantages of factoring?
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