3/9;net 30
9/27;net 30
30;net 9/3
9/30;net 3
Correct answer is D
9/30;net 3.
This means that, the buyer will get a 3% discount if payment is made on or before day 9
A document which serves as an order with details of goods required by an intending purchaser is
a freight note
an indent
a bill of landing
a way bill
Correct answer is B
An indent is an official order or requisition for goods.
The document a seller uses in dispatching goods to a customer by a carrier is
a bill of landing
an invoice
an advice note
a delivery note
Correct answer is D
A delivery note is a document sent with a shipment of goods that describes the goods and the quantities being delivered.
The major problem encountered in international trade is that of
distance
differences in culture
politics
differences in currency
Correct answer is D
The most common issues you can face doing international trade is the difference in currency and exchange rate
The basis for international trade is embedded in the principle of
absolute advantage
globalization
deregulation
comparative advantage
Correct answer is D
A person has a comparative advantage at producing something if he can produce it at lower cost than anyone else. This is one of the basis of international trade