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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) CFRQUESTION 3
(a) Define globalization
(b) Describe the causes and consequences of globalization
QUESTION 4
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Meaning and advantage
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