In the maturing product stage of the international product life cycle theory, production facilities are introduced in countries with the highest demand

Which of the following incorrectly states the role of banks in import/export transactions involving a letter of credit (L/C)?

A) The exporter's bank is the advising and/or confirming bank. B) The importer's bank is the advising and/or confirming bank. C) The importer's bank is the advising, confirming, and issuing bank. D) The exporter's bank is the advising, confirming, and issuing bank. E) The importer's bank is neither advising nor confirming bank.

Members of which generational group are referred to as echo boomers?

A) the Lost Generation B) Generation X C) Generation Z D) the baby boomers E) Millenial