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problem 1:

describe the responsibility and influences of World Trade Organisation in the International Trade.

problem 2:

(i)  State a Free Trade Zone.

(ii) Describe four main requisites for a Free Trade Zone to be successful.

(iii) What are the merits of Free Trade Zones?

problem 3:

(i) State the term INCOTERMS 2000.

(ii) What are the major roles of the buyer and the seller under the following INCOTERMS 2000: CIF, EXW and FOB?

problem 4:

Identify the main factors which affect currency fluctuations. describe three major methods which a supply chain professional can apply to reduce risk and uncertainty associated with currency fluctuations.

problem 5:

describe concisely the following terms:

(i) Letter of Credit

(ii) Trading Blocs

(iii) International Standards Organisation (ISO)

(iv) Multinationals

Managerial Economics, Economics

  • Category:- Managerial Economics
  • Reference No.:- M96677

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