Illustrate and discuss the role World Trade Organisation plays in International Trade.
Illustrate out four (4) reasons that motivate organisations to adopt an international sourcing strategy.
(a) Illustrate out the three reasons for fluctuations in exchange rate.
(b) Discuss and illustrate out four main techniques employed by professional buyers to mitigate the risks associated with exchange rate fluctuation.
International Sourcing is far more complex than buying in the domestic markets. In order to guarantee the anticipated benefits for all parties from international sourcing strategy, several documents are involved. Discuss and illustrate out four significant documents involved in international sourcing.
prepare concise notes on following:
b) International Standard Organisation (ISO)
c) Trade Blocs
d) Bill of Exchange
e) INCOTERMS 2000
f) Free Trade Zone