Question: 1. Describe the difference between exportation and importation. 2. What is The World Trade Organization WTO and what does it do? 3. What is world

1. Describe the difference between exportation and importation.

2. What is The World Trade Organization WTO and what does it do?

3. What is world class and what do we have to keep always in mind about world class products?

4. What research items should a) exporters and b) importers address before establishing their businesses?

5. What is the bottom line of your business?

6. How can an importer/exporter initiate a quotation?

7. What is the most often used method to initiate negotiation

8. What is the term of sale for the importer/exporter?

9. What does FAS stand for and what is it used for?

10. What does CIF stand for and what is it used for?

11. What does DAF stand for and what is it used for?

12. Define International Trade

13. What penalties can be imposed for violation of the Foreign Corrupt Practices Act (FCPA) of 1977?

14. What elements are present when developing overseas alliances?

15. What are the Nine Elements of Business Culture?

16. What is Intellectual property?

17. What is Community Patent?

18. What is the European Patent Convention?

19. What provides the Patent Cooperation Treaty?

20. What are the key elements to remember when writing your introductory letter?

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