What Factors Can Reduce or Eliminate the Many of the Risks

question 8

Multiple Choice

What factors can reduce or eliminate the many of the risks that importer and exporters face in international transactions?

• A)Counterparty knowledge and trust
• B)Well drafted contracts and liquidated damage provisions
• C)Security deposits and established collection policies
• D)Limitations on credit sales and factoring

Identify and explain the principles of sustainable procurement.

Recognize practices and policies that may affect fair and free market operations.

Understand the purchasing function and stages in organizations.

Describe the impact of electronic data interchange in supply chains.

---

Definitions:

Marketing Program

A comprehensive plan that outlines the advertising, sales, and promotional activities for a product or service to reach its target market.

Marketing Mix

The set of controllable variables that a business uses to influence consumers' buying decisions, traditionally identified as product, price, place, and promotion.

Cool Mint Chocolate

A flavor profile combining the refreshing taste of mint with the rich, sweet taste of chocolate.

Sustenance

The provision of essentials needed for growth, maintenance, and support, often relating to nourishment or support of life and business activities.