WorksheetsImports and Exports
Total questions: 11
Worksheet time: 8mins
Importing and e (a) are the two aspects of foreign trade.
A country spends money on goods it i (a) and gains money through its exports.
F (a) trade is for keeping domestic prices down by creating competition at home and providing large markets abroad.
Governments may have to put restrictions on foreign trade by subjecting imports to c (a) duties or by restricting some types of exports.
Customs authorities must make sure that imported goods are not sold at a lower price than that in their country of origin; to assess the domestic price thy require consular ___________ or __________ of value and origin.
papers / documents
letters / reports
statements / bills
invoices / certificates
Large firms may have their own import and e (a) departments.
Both large and small firms deal with clearing and forwarding a (a) who handle all the details of transporting cargo.
When goods are sold abroad, buyers who are stockists will have to pay for s (a) for which they will not receive payment for some time.
In order to cover the lag in payment, buyers have to work on a higher p________ m_________.
(a)
Many buyers prefer to become foreign agents who work on c (a) ; they will not then have to pay for the goods but they must obtain the highest possible prices when the goods are sold.
After careful ___________, a manufacturer can sell to a large export market if he has the right products, of the right quality, and sells them at the right prices.
thought
reflection
consideration
market research
