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