Bundle: Contemporary Marketing, Loose-Leaf Version, 17th + LMS Integrated MindTapV2.0 Contemporary Marketing, 1 term (6 months) Printed Access Card
17th Edition
ISBN: 9781337493819
Author: BOONE, Louis E., Kurtz, David L.
Publisher: Cengage Learning
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Chapter 8, Problem 8ALR
Summary Introduction
To discuss: The various types contractual agreements that provides flexible alternatives to exporting.
An export refers to the process of manufacturing goods in one country and transferred to other country for future trade or sale.
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Discuss the rationale of contract management and the various contracts that can be formed in international purchasing process.
Why is negotiation necessary in international trade contracts?
How do international contracts differ from domestic contracts, and what challenges do parties face when negotiating and enforcing contracts across borders?
Chapter 8 Solutions
Bundle: Contemporary Marketing, Loose-Leaf Version, 17th + LMS Integrated MindTapV2.0 Contemporary Marketing, 1 term (6 months) Printed Access Card
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- What are the reasons that necessitate presence of international contracts?arrow_forwardYou are in the business of importing used from the UK to Namibia through the Walvis Bay port, list 3 documents required by Namibia and 3 documents required by the UK government that are relevant to this transaction.arrow_forwardDiscuss the important documents used in import transactions?arrow_forward
- Export Import Practices and Procedure 1. Identify the different terms of sales that are used in international business. 2. Compare and contrast the alternative methods of payment that are common in international business transactionsarrow_forwardDescribe the payment term options available to exporters and importersarrow_forwardWhat are the legal and ethical considerations involved in negotiating and drafting international business contracts, and how can parties ensure that their agreements are enforceable in different jurisdictions?arrow_forward
- For the bilateral sales contracts, the dollar value is $500 or more is not enforced unless it's in writing. What dollar amount is applicable to a Unilateral contract?arrow_forwardWhat are the six standard export documents? For each standard export document, who prepares it, who receives it, and what purpose does it serve? What common information do many standard export documents share? Besides the six standard export documents, identify five other export documents. Under what circumstances might these other export documents be required? For each other export document, who prepares it and what purpose does it serve?arrow_forwardINCOTERMS, as the universally recognized international trade terms that define trade contract responsibilities and liabilities between buyer and seller, do not include the following: O CIF O FOB O USCMA Both, FOB and CIFarrow_forward
- Understand the advantages of using a foreign trade zone in worldwide sourcingarrow_forwardWhat is the responsability of the importer and exporter in delivery,transportation, and necessary documentation of goods under CIF incoterm and Documentation Collection payment?arrow_forwardDistinguish between multilateral trade agreements and regional trade agreements with examplesarrow_forward
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