vocabluary
exporter
Person who sells goods abroad
Why are export sales important?
Export sales are important because they increase national revenue, create jobs, and help businesses grow internationally
Advance Payment
Buyer pays before shipment
New buyer, safest method
advance
importer
Person who buys from another country
How can export sales help local industries?
They help local industries by boosting production, encouraging innovation, and making companies more competitive in global markets
Letter of credit
Bank guarantees payment after correct documents
Trusted client, 60-day payment
account
Give a point
Give 300 points to another team
Why might a country encourage exports?
A country encourages exports to earn foreign currency, improve GDP, and strengthen its economy
Documentary Collection
Bank sends shipping documents for payment
collection
Buyer pays after documents
advance
Money paid before shipment
How does exporting benefit workers?
Exporting benefits workers by creating more job opportunities, increasing wages, and providing skill development.
Open account
Goods shipped first, payment after 30–60 days
Yer or No
Yes +400
credit
Bank promise of payment
Can export sales influence international relations? How?
export sales can improve international relations by building trade partnerships, fostering cooperation, and strengthening diplomatic ties.
Boom
-500
Distributor sells first
consignment