Do research and state the true and false question
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The following statements are all about international contract, which are true and false statements
Requirement imposed by a country on a foreign exporter or supplier to purchase materials in the
receiving country as part of the original sales transaction. Payment is made partially or in full
with goods instead of money.
Form of countertrade that occurs when a firm agrees to purchase a specified dollar volume of
materials from a country in return for a sale made to that country.
Requirement imposed by a country on a foreign exporter or supplier to purchase materials in the
receiving country as part of the original sales transaction. Payment is made partially or in full with goods
instead of money.
Currency differences, and the constantly changing exchange rates, can have impacts on the
business relationship and feasibility of doing business in certain countries.
Customs duty usually charged on the value only of goods that are durable, irrespective of quality,
weight, or any other considerations.
A bill levied by a government on the importation, exportation, or use and consumptiion of goods.
A foriegn end product, construction material, or service that, due to applicability of trade agreements to
a particular acquisition, is not subject to discrminatory treatment.
Independent U.S. government agency that provides loans, loan guarantees, and credit risk
insurance coverage to U.S. exporters and foreign importers.
Construction material other than a domestic construction material.
Foreign end product is not an end product other than a domestic end product.
Site sanctioned by the Customs Services in which imported goods are exempted from customs duties
until withdrawn for domestic sale or use. These sites are ideal for commercial warehourses or foreign
production plants.
A corporate framework for conducting international business, including evaluation of objectives,
strengths, and weaknesses as well as development of strategies for product development and
marketing.
Business, cultural, and social customs and norms, to the degree that they are different from one’s
experience and expectations, can present significant obstacles to the successful completion of
business agreements.
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