Basic of International Trading - Tradeasia Academy

Why do countries engage in international trade according to the material?

• To avoid tariffs completely

• To access natural resources they lack

• To limit market size

• To reduce domestic production costs only

What is one key benefit customers get from local representation by trading companies?

• Easier communication due to language and customs understanding

• Lower prices

• Free shipping

• Unlimited credit terms

What is the primary purpose of traded products in international trade?

• To increase domestic production costs

• To fulfill demand for goods not produced locally

• To restrict market access to foreign companies

• To eliminate all tariffs and taxes

What does "price competition" mean for commodity chemicals?

• Prices increase steadily every year

• Prices are fixed by governments

• Prices fluctuate based on supply-demand dynamics

• Prices depend solely on raw material costs

Which statement best describes a "good" distribution company characteristics?

• It offers post-sale services

• It delays communication until after sales

• It focuses only on selling large volumes without customer support

• It avoids training customers about product use

Polymers are versatile materials used mainly in which industries according to the presentation?

• Food processing only

• Pharmaceuticals only

• Mining

• Packaging, construction, consumer products

Which product form is described as small solid particles that can vary in size used widely in fertilizers or pesticides?

• Gel

• Granular

• Flake

• Liquid

Which payment term allows importers to receive goods first but pay later?

• Documentary Collection (D/C)

• Open Account

• Consignment

• Letter of Credit (L/C)

Which of the following is NOT a category of industrial raw materials mentioned?

• Electronics components

• Marine products

• Forest products

• Agro products

What form do commodity chemicals typically take in production?

• Rarely produced in bulk

• Low volume, high volume with specialized uses

• High volume, standardized quality with low unit cost

• Custom-made for each client