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1. In general, the choice of law, or the choice of which country\'s laws will re

ID: 442544 • Letter: 1

Question

1.

In general, the choice of law, or the choice of which country's laws will regulate a dispute between international parties, is made by the

2.An exporter has the most control over its foreign sales through a(n)

3. There are a number of government and quasi-governmental agencies and private firms that provide insurance for firms doing business internationally. Some of these include

4. While on the surface Incoterms determine who pays what when, ultimately the __________ directly or indirectly pay(s) the costs of transportation and international shipping.

5. When manufacturing costs are lower abroad and shipping costs are high, a company may consider the following approach for meeting the needs of customers in a region, such as the Asia-Pacific region.

6. International logistics management is often easier than domestic logistics management because:

7. The objectives for packaging goods for international transit include

(a) Agent

Explanation / Answer

1.A

2.C

3.D

4.B

5.E

6.D

7.E