International Trade Terms I flashcards
Flashcard
•
Business
•
12th Grade
•
Hard
Teresa Teresa
Used 1+ times
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24 questions
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1.
FLASHCARD QUESTION
Front
Export
Back
The process of sending goods or services to another country for sale.
2.
FLASHCARD QUESTION
Front
Import
Back
The process of bringing goods or services into a country from abroad for sale.
3.
FLASHCARD QUESTION
Front
Quota
Back
A limit set on the quantity or value of a product that can be imported or exported.
4.
FLASHCARD QUESTION
Front
Tariff
Back
A tax imposed on imported or exported goods, usually to protect local industries.
5.
FLASHCARD QUESTION
Front
Customs
Back
The official department that administers and collects duties and controls the flow of goods in and out of a country.
6.
FLASHCARD QUESTION
Front
Customs clearance
Back
The process of getting official permission to move goods through customs.
7.
FLASHCARD QUESTION
Front
Incoterms
Back
International rules that define the responsibilities of buyers and sellers during shipping and delivery.
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