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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
Locating overseas suppliers is a demanding as well as hazardous task. Explain why is this so reviewing what steps can be taken to mitigate the risk factors
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