A,based in Canada,has a Contract with B,in Denmark,for the Sale

question 49

Multiple Choice

A,based in Canada,has a contract with B,in Denmark,for the sale by A to B of certain goods.The contract specifies that A bears responsibility for shipping the goods and for insuring them.In this case,A and B have entered into

• A)an EXW contract.
• B)a CIF contract.
• C)an FOB contract.
• D)a DDP contract.
• E)none of the above

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Definitions:

Central Location

A strategic or convenient place for conducting business, usually selected for its accessibility to customers or as a distribution hub.

Specific Offering

A distinct product or service presented to the market by a business.

Market

A place or arena where buyers and sellers meet to exchange goods and services, often described in terms of the number of buyers and sellers, the nature of the goods and services, and the process of exchange.

Canned Food

Food items that have been preserved by sealing in airtight containers and then heat sterilized for long-term storage.