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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
How can offshoring and outsourcing enable a firm to become more resilient? How does the firm define resilience and agile strategies? Provide three examples of firms that have devel
discuss
QUESTION 1 (a) Explain the meaning of and reasons for currency fluctuation (b) How can buyers protect themselves against the risks of currency fluctuation in International P
1. Prepare the j entries for traditional and backflush costing. For backflush costing, assume there are 2 trigger points: 1). the purchase of raw materials and 2). the completion o
WHAT IS THE DIFFERENCE BETWEEN SUPPLY CHAIN AND VALUE CHAIN
Problem 1 Aerial Products has produced 100 airframes with the following mix data. Perform a complete SPC analysis identifying if the process is in control, if the process is
explain how to minimize the cost of production through scope of material management
If the company does not change its current distribution strategy, what will its distribution cost be for the following quarter?
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What is the factors influencing demand in organic food market? Organic Food Market Organic farming is influenced by several factors. In this section, we analyse the factors tha
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