An advantage that a firm has over its competitors, allowing it to
generate greater sales or margins and/or retain more customers than its
competition. There can be many types of competitive advantages
including the firm's cost stru
International Business Transaction Study Guide Exam 2 (Chapter 3,4,5,6,7)
17 Questions (all essay) reasonable hand writing.
Diagrams with ship, flow of the good at the top of the diagram and documents at the bottom of
Know all of the alternat
Letter of credit: an obligation of a bank, usually irrevocable, issued on behalf of their customer and
promising to pay a sum of money to a beneficiary upon the happening of a certain event or events.
Difference between issuing bank and advising bank: Iss