Grantham INT460 Final Exam Latest 2024

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Question

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Grantham INT460

Final Exam

Question 1

Briefly describe the history of Incoterms, including a brief synopsis of each.

Question 2

What are the differences between political risk and commercials risks of nonpayment? Provide an example.

Question 3

Discuss Foreign exchange rates and how do they impact foreign trade? Provide an example.

Question 4

What possible risk management strategies can an importer/exporter follow?  Explain each strategy’s advantage and disadvantage from the perspective of a small exporter.

Question 5

What are non-tariff barriers? Why are they used? Give a few examples.

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