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Question - You are the owner of Sunrise Nutrition in Toronto Healthy Life South Korea $150,000 CAD and have an opportunity to export your product to South Korea for the first time. is a company in that is interested in buying Sunrise products for the first time. The first purchase order arrived for but payment term has not been discussed or negotiated yet.
1) What is your first proposed payment option?
2) Will you accept an open account payment for this transaction?
3) Healthy life is not accepting an advance payment and is ready to walk away from this business. What would you propose?
4) During your payment negotiation, would you evaluate the overall economy, politics, and banking system in South Korea? How does it affect your decision?
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