meganjackson155
01.08.2020 •
Business
Term Answer Description Seasonal dating A.If the borrower cannot repay the loan, the lender can liquidate certain assets. Collection policy B.An example of this credit policy decision is "2/10, net 30." Credit standards C.A borrower is required to hold a certain amount of money in an account at the lender’s institution. Cash discounts D.Banks often require this to offset loss if an owner or manager dies. Loan guarantees E.A firm has particular requirements that must be met before credit is extended to customers. Collateral F.This type of discount is used most often in seasonal businesses. Key-person insurance G.If payment is not received by a certain date, many firms will employ a collection agency to collect overdue accounts. Discount interest loan H.Often, banks will require the owners of a small business to sign personally for the debt of the company. Compensating balances I.The face value of the loan includes both the amount received and the calculated interest. Add-on interest J.This is a loan in which the borrower prepays the interest.
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Ответ:
False.
Explanation:
Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.
Some examples of international economic organizations involved in global economy and trade are;
- World Trade Organization (WTO).
- United Nations (UN).
- International Monetary Fund (IMF).
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
Language is not the most complex challenge global marketers face because they can be translated easily through the use of a software application, an interpreter or simply through the use of other forms of communication.