International Trade Terms I flashcards

International Trade Terms I flashcards

Assessment

Flashcard

Business

12th Grade

Hard

Created by

Teresa Teresa

Used 1+ times

FREE Resource

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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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