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ABC Inc. is a Texas company that wants to sell its products to a buyer in...

ABC Inc. is a Texas company that wants to sell its products to a buyer in Guatemala for the first time. It has never been in an international transaction before and is worried about payment. Its best and most likely strategy is to:

a. Allow buyer to inspect the goods when received.
b. Demand that the buyer pay before shipment for all product or else it will not do business with them.
c. Let buyer to have an open account with it but on short payment terms, e.g., 20 days.
d. Implement a documentary collection process whereby a bank acts as an intermediary.
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ABC Inc. is a Texas company that wants to sell its products to a buyer in Guatemala for the first time. It has never been in an international transaction before and is worried about payment. Its best and most likely strategy is to-

Implement a documentary collection process whereby a bank acts as an intermediary.

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