A) States B) Countries C) Villages D) Towns
A) Import B) Retail C) Wholesale D) Export
A) Selling goods to foreign countries B) Importing services C) Buying goods from abroad D) Selling goods locally
A) Receipt B) Invoice C) Debit note D) Bill of lading
A) No trade occurs B) Imports exceed exports C) Imports equal exports D) Exports exceed imports
A) NLC B) NAFDAC C) IMF D) WAEC
A) Local trade B) Retail trade C) Home trade D) Re-export trade
A) Shipping documents B) Subsidies on exports C) Discounts on goods D) Taxes on imports
A) Uniform distribution of resources B) Government policies C) Unequal distribution of resources D) Equal climate conditions
A) Raw materials B) Imports C) Exports D) Retail goods
A) OPEC B) WHO C) WTO D) UNESCO
A) Credit B) Barter trade C) Banking D) Retail trade
A) In transit B) In offices C) In stores D) In warehouses
A) It wants more inflation B) It has excess goods C) It cannot produce everything D) It has surplus labour
A) Cheap labour B) Quality control C) Long distance D) Good communication system
A) Market research B) Selling C) Advertising D) Packaging
A) Producing for local markets B) Lowering prices C) Changing a product to meet foreign standards D) Avoiding foreign markets
A) Export license B) Driving license C) Voter’s card D) Passport
A) Pay local taxes B) Advertise products C) Fix export prices D) Hire workers
A) Wholesale distribution B) Organizing for international trade C) Local marketing D) Domestic trade
A) Personal preference B) International standards C) Local market rules D) Street trading laws
A) Increasing local competition B) Limiting exportation C) Providing guidance and support D) Restricting foreign exchange
A) Lower product quality B) Delays in delivery C) Smooth international trade D) Reduced export options
A) Stop foreign customers B) Limit production C) Reduce business growth D) Expand foreign market reach
A) Avoid customers B) Reduce production C) Increase tariffs D) Improve foreign business relations
A) Avoid documentation B) Stop exporting C) Operate legally internationally D) Break trade rules
A) Local marketing B) Legal and smooth export transactions C) Domestic pricing D) Manufacturing
A) Reduce sales B) Stop local customers C) Produce fewer goods D) Increase global competitiveness
A) Increases tariffs B) Reduces market size C) Stops export operations D) Protects goods in transit |