Which of the Following Is Essential While Making Price Quotations

question 90

Multiple Choice

Which of the following is essential while making price quotations for international sale?

• A) Price quotations can be made only if it is shown that prices are lower in the importing country than in the exporting country.
• B) Price quotations must specify the currency to be used and the credit terms of the transaction.
• C) The price quotation and contract should define only the quantity of goods and not necessarily the quality.
• D) Price quotations must be quoted only in terms of electronic trade dollars.
• E) Price quotations need to specify the transportation charges but need not necessarily state what type of documentation needs to be used.

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Definitions:

Lobbying

The act of attempting to influence the decisions of legislators and officials in the government, often by special interest groups or lobbyists representing business, labor, or other entities.

Adverse Legislation

Legislation that is considered unfavorable or detrimental to the interests of a specific group or the public.

First Amendment

An amendment to the U.S. Constitution that prohibits the making of any law infringing on the freedom of speech, the press, religion, assembly, and petition.

Lobbying

The act of attempting to influence decisions made by officials in the government, most often legislators, by individuals or more commonly by lobby groups.