Question 1:
Explain the responsibility and influences of World Trade Organisation in the International Trade.
Question 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?
Question 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?
Question 4:
Identify the main factors which affect currency fluctuations. Explain three major methods which a supply chain professional can apply to reduce risk and uncertainty associated with currency fluctuations.
Question 5:
Explain concisely the following terms:
(i) Letter of Credit
(ii) Trading Blocs
(iii) International Standards Organisation (ISO)
(iv) Multinationals