3.1.2. Challenges of international trade to exporters and importers
A subsection of Commerce, 7100, through 3. Globalisation of trade
Listing 10 of 43 questions
Woodside makes garden furniture for sale in its home market. The business is now considering selling its products to an importer located in a freeport area in another country. Identify two difficulties a company might face when exporting its products. Explain two benefits to Woodside of exporting its products. Explain what is meant by a freeport. Explain one benefit to the importer of being located in a freeport. The owners of Woodside have insured against fire and theft. Identify and explain two other risks against which Woodside might insure. Woodside is going to use containers to send its products to the importer in the other country. Discuss whether or not using containers is the best way to send the garden furniture to the importer. Give reasons for your answer.
7100_s16_qp_23
THEORY
2016
Paper 2, Variant 3
View
H Ltd is a manufacturer of electronic components. It exports 90% of its products and communicates frequently with its overseas customers. Define exports. List three difficulties likely to be faced by H Ltd when exporting its components. Name two transport documents that H Ltd will have to use when exporting its components. Explain two methods of payment that H Ltd might accept from its export customers. Explain two reasons why it is important for H Ltd to have rapid and accurate methods of communication with its overseas customers. Most of H Ltd’s communication is verbal . Discuss whether or not there are situations when written communication might be more suitable.
7100_s17_qp_22
THEORY
2017
Paper 2, Variant 2
View
Questions Discovered
43