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International Business - II

Define Indent.

When the importer places an order to import the goods, he places an order for the goods to be despatched. This order is known as ‘indent’ containing description of the goods ordered, prices to be paid, delivery terms, packing and marking details and delivery instructions.

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The advantage/s of international business is/are :

Maximum exploitation of natural resources
International cooperation
High standard of living
All the above

Which is the first step in export procedure ?

Obtaining export licence
Receipt of enquiry and sending quotations
Obtaining mate's receipt
Insurance of goods

Write in brief the steps of export procedure.

The government has given a number of incentives for the promotion of foreign trade. How they help in the encouragement of foreign trade ?

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