QUESTION 1
(i) Explain a Free Trade Area with examples.
(ii) Outline the activities of a Free Port.
QUESTION 2
(a)
(i) Define Incoterms
(ii) How many Incoterms have been listed by the International Chamber of Commerce?
(b)
What are the main considerations linked to the following Incoterms:-
(i) EX Works
(ii) FOB
(iii) CIF
(iv) DDU
(v) CFR
QUESTION 3
(a) Define globalization
(b) Describe the causes and consequences of globalization
QUESTION 4
Locating overseas suppliers is a demanding as well as hazardous task. Explain why is this so reviewing what steps can be taken to mitigate the risk factors