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:

Distance Scanned

The measure of how far a scanning or detection system can effectively observe or analyze.

Dual Code

A theory suggesting that information is stored in the brain in two distinct forms: visual imagery and verbal symbols.

Paivio’s Hypothesis

A theory that suggests that visual and verbal information are processed differently and along separate channels in the human mind, enhancing memory.

Long-Term Memory

The phase of the memory system that is capable of storing a large amount of information for periods ranging from hours to decades.