Vocabluart
Importer
Person who buys from another country
Buyer pays before shipment
Advance payment
Why are export sales important ?
they increase national revenue, create jobs, and help businesses grow internationally
Credit
Bank promise of payment
Bank guarantees payment after correct documents
letter of credit
How can export sales help local industries?
They help local industries by boosting production, encouraging innovation, and making companies more competitive in global markets
Shipment
Goods moved by ship, air, or truck
Yes or No ?
Yes
Why might a country encourage exports?
A country encourages exports to earn foreign currency, improve GDP, and strengthen its economy.
Advance
Money paid before shipment
Bank sends shipping documents for payment
Documantary collection
Give points to another group
500
exporter
Person who sells goods abroad
Goods shipped first, payment after 30–60 day
open accaunt
How does exporting benefit workers?
Exporting benefits workers by creating more job opportunities, increasing wages, and providing skill development