Sales on open accounts are very common as a method of payment in foreign trade. generally recommended when special merchandise is ordered by the buyer. not generally recommended when there is political unrest in the importer's country. recommended when the country of the importer imposes difficult exchange restrictions. less risky for the seller when it involves new buyers.

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03-05-2021
Business

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Sales on open accounts are very common as a method of payment in foreign trade. generally recommended when special merchandise is ordered by the buyer. not generally recommended when there is political unrest in the importer's country. recommended when the country of the importer imposes difficult exchange restrictions. less risky for the seller when it involves new buyers.

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topeadeniran2 topeadeniran2 · Answer 1 · 2021-05-04T03:18:56+02:00

Answer: not generally recommended when there is political unrest in the importer's country

Explanation:

Sales on open accounts are not usually recommended when political unrest exist in the country of the importer.

The instances whereby sales on open accounts are not recommended are when the trade practice involves the use of other method. Also, when there are difficult exchange challenges from the importer's country or when there's hazardous shipping. A scenario when there's political unrest can also be another factor.