The Department of Commerce Has a _____ Program,in Which Department

question 59

Multiple Choice

The Department of Commerce has a _____ program,in which department representatives accompany groups of U.S.businesspeople abroad to meet with qualified agents,distributors,and customers.

• A)best prospects
• B)matchmaker
• C)trade events
• D)comparison shopping

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Definitions:

Uniform Commercial Laws

A set of laws that standardize and regulate sales and commercial transactions across different jurisdictions to facilitate easier and more predictable commerce.

CISG

Stands for the United Nations Convention on Contracts for the International Sale of Goods, which is a treaty that provides a uniform international sales law.

Global Trade

Entails the exchange of goods, services, and capital across international borders or territories, influenced by agreements, tariffs, and economic policies.

International Arbitration

A method used to resolve disputes between parties from different countries through the intervention of one or more arbitrators rather than through litigation.