A contract requiring the exchange of an agreed-upon amount of a currency on an agreed-upon date at a specific exchange rate is called a _____.

The simultaneous purchase and sale of foreign exchange for two different dates is called _____.

Currency that trades freely in the foreign exchange market, with its price determined by the forces of supply and demand, is called a _____

An international monetary system in which nations linked the value of their paper currencies to specific values of gold was called the _____

A system in which the exchange rate for converting one currency into another is fixed by international agreement is called a _____

The accord among nations to create a new international monetary system based on the value of the U.S. dollar was the _____

The agency created by the Bretton Woods Agreement to provide funding for national economic development efforts is the _____

The agency created by the Bretton Woods Agreement that was established to regulate fixed exchange rates and enforce the rules of the international monetary system is _____.

An exchange-rate system in which currencies float against one another with governments intervening to stabilize currencies at a particular target exchange rate is known as a _____

An exchange-rate system in which currencies float freely against one another, without governments intervening in currency markets, is a _____

The exchange rate at which the bank will buy a currency is called the _____

The exchange rate at which the bank will sell a currency is called the _____

A right, or option, to exchange a specific amount of a currency on a specific date at a specific rate is a _____

A contract requiring exchange of a specific amount of currency on a specific date at a specific exchange rate with all of these conditions fixed and not adjustable is a _____

Gap filling: The mode of payment in which a bank acts as an intermediary without accepting financial risk is called _____

Gap filling: A document ordering an importer to pay an exporter a specified sum or money at a specified time is called a (an) _____

Gap filling: The mode of payment in which the importer's bank issues a document stating that the bank will pay the exporter when the exporter fulfills the terms of the document is called a (an) _____

Gap filling: A contract between the exporter and carrier that specifies destination and shipping costs of the merchandise is called a(n) _____

Gap filling: The mode of payment in which an exporter ships merchandise and later bills the importer for its value is _____

Gap filling: The mode of payment in which an importer pays an exporter for merchandise before it is shipped is _____

Gap filling: … is a letter of credit calling for renewed credit to be made available when the issuing bank informs the beneficiary that the buyer has reimbursed the issuing bank for the drafts already drawn

Gap filling: … means two letters of credit with identical documentary requirements, except for the difference in the price as shown by the invoice and draft

Gap filling: … is a letter of credit that can be drawn against, but only if another business transaction is not performed

Gap filling: … is a letter of credit issued by a bank and forwarded to the beneficiary by a second bank in his area. The second bank validates the signatures and attests to the legitimacy of the first bank

Gap filling: … is a letter of credit issued by one bank to which a second bank adds its commitment to pay

Gap filling: … is a letter of credit that may be canceled at any moment without prior notice to the beneficiary

Gap filling: … is a letter of credit that cannot be canceled nor amended without agreement of all parties

Gap filling: … is a letter of credit under which the documents are forwarded to the importer's bank, while sight draft is presented at a later future date

Gap filling: … is a letter of credit permitting the beneficiary to receive a sum prior to shipment

Gap filling: … is a letter of credit that can be utilized by someone designated by the original beneficiary

Gap-filling: _____ is the attempt to destroy unwholesome demand for products that are considered undesirable, e.g. cigarettes, drugs, handguns, or extremist political parties

Gap-filling: _____ is the difficult task of reversing negative demand, eg. for dental work, or hiring disabled people

Gap-filling: _____ is necessary where there's no demand, which often happens with new products and services

Gap-filling: _____ involves developing a product or service for which there is clearly a talent demand, eg. a non-polluting and fuel-efficient car

Gap-filling: Synchromarketing involves altering the times pattern of irregular demand, eg. for public transport between rush hours, or for ski resorts in the summer

involves revitalizing falling demand, for example, for churches, inner city areas, or aging film stars. This process is known as _____.

is the attempt (by governments rather than private businesses) to reduce overfull demand, permanently or temporarily, for example for some roads and bridges during rush hours. This is known as _____.

is a matter of retaining a current (which may be full) level of demand in the face of competition or changing tastes.

_____ refers to all the companies or individuals involved in moving a particular good or service from the producer to the consumer.

To introduce a new product onto the market means to _____

are possibilities of filling unsatisfied needs in sectors in which companies can profitably produce goods or services.

involves collecting, analyzing, and reporting data relevant to a specific market situation such as a proposed new product.

A is a name, symbol, or design (or some combination) identifying a product: _____

means dividing a market into distinct groups of buyers who have different requirements or buying habits.

_____ are attributes or characteristics of a product such as quality, price, and reliability.

A is a name or symbol that cannot be used by another producer.

_____ refers to wrappers and containers in which products are sold.

_____ is an idea for a new product, which is tested with target consumers before the actual product is developed.

means places where goods are sold to the public—shops, stores, kiosks, markets, and stalls.

is one who contacts existing and potential customers and tries to persuade them to buy goods or services.

reflects the sum of the perceived tangible and intangible benefits and costs to customers. This is known as _____.

reflects a person's judgments of a product's perceived performance in relationship to expectations.

_____

A business and industry which acts as a third party local representative and distribution point for a manufacturing firm is a _____.

is the systematic and coordinated set of activities required to provide the physical movement and storage of goods from vendor services through company facilities to the customer and the associated activities such as packaging and order processing in an efficient manner to meet company goals.

An organization which provides logistics services as an intermediary between the shipper and the carrier, typically on international shipments is a _____.

is that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customers' requirements.

______ is an independent computer system, owned by independent organizations, linked in a manner to allow direct updates to be made to one system by another.

______ is a term describing the process whereby machines are remotely monitored for status and problems reported and resolved automatically or maintenance scheduled by the monitoring systems.

______ is a comprehensive, system-wide view of the entire supply chain as a single process, from raw materials supply through finished goods distribution, in which all functions that make up the supply chain are managed as a single entity rather than managing individual functions separately.

The network of supply chain participants engaged in storage, handling, transfer, transportation, and communications functions that contribute to the efficient flow of goods is called _____.

______ is a computerized system to electronically transmit logistics information.

It encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities, including _____.

It is the process of planning, implementing and controlling the flow and storage of goods, which aims at ensuring that the right product will be in the right place at the right time in the most cost efficient way based on customers' needs. This process is known as _____.

One or more companies or individuals who participate in the flow of goods and services from the manufacturer to the final user or consumer is known as a _____.

______ is the total time that elapses between an order’s placement and its receipt, including the time required for order transmittal, order processing, order preparation, and transit.

A ______ is a warehouse positioned to replenish customer inventory assortments and to afford maximum inbound transport consolidation economies from inventory origin points with relatively short-haul local delivery.

______ is a service unique to international trade and relates to an individual or firm that specializes in one or more of the activities preceding Main Carriage, such as consolidation, packing, marking, sorting of merchandise, inspection, storage, etc.

______ is the planning, directing, monitoring, and controlling of the processes related to customer orders, manufacturing orders, and purchase orders.

______ is a transportation network that automatically routes one or more material handling devices, such as carts or pallet trucks, and positions them at predetermined destinations without operator intervention.

______ is a transportation document that is the contract of carriage containing the terms and conditions between the shipper and carrier.

______ is transportation available to the public that does not provide special treatment to any one party and is regulated as to the rates charged, the liability assumed, and the service provided.

______ is the process related to the storage and movement of the final product and the related information flows from the end of the production line to the end user.

______ is the process of moving products from end-user back to the origin to recover value or for proper disposal.

______ is the flow, or management, of goods into a production unit or warehouse.

Gap-filling: The company will _____ the policy-holder against loss of or damage to the insured vehicle.

Gap-filling: Ships' cargoes are covered by _____ insurance policies.

Gap-filling: A flexible type of insurance, for 12 months, at agreed rates, is _____

Gap-filling: The most complete insurance is against _____.

Gap-filling: An ______ is a standard form contract between the insured and the insurer, which determines the claims that the insurer is legally required to pay.

Gap-filling: ______ is payments to the insurance company to buy a policy and to keep it in force.

Gap-filling: ______ is the losses/ damages caused by special expenses and sacrifices that were intentionally and reasonably conducted to save the vessel, cargo and freight from a threat in the common ocean voyage.

Gap-filling: The party to an insurance arrangement who undertakes to indemnify for losses is the _____

Gap-filling: ______ is the person or entity buying the insurance and receiving indemnity on happening of unforeseen events.

Gap-filling: The person, group, or property for which an insurance policy is issued is _____

Gap-filling: ______ is a contract whereby, in return for the payment of premium by the insured, the insurers pay the financial losses suffered by the insured as a result of the occurrence of unforeseen events.

Gap-filling: A contract of _____ is an agreement whereby the insurer undertakes to indemnify the assured in a manner and to the extent thereby agreed, against losses, that is, the losses incidental to marine adventure.