EXW Pricing or Export pricing is a common cost approach for international trade where the seller has to pay for the transport cost. *

True

False

The Parameterised schedule defines the frequency of payment along with the payment date, date of first and last payment. *

True

False

A verbal/ oral contract is a contract, the terms of which have been agreed upon by spoken communication. *

True

False

Country risk is the risk of loss from political or economic actions that affect export receivables or import payables, or other disrupt of a transaction. *

True

False

Technology and Information risks are the greatest financial risks facing exporters and importers alike. *

True

False

The contract should always specify the governing law. To reduce the likelihood of a dispute, the contract should specify which countrys laws will govern the agreement. *

True

False

The Customized Schedule consists of a series of dates that define exactly when payments will be made based on the milestones completed *

True

False

A sudden increase in the property tax and vehicle insurance premium is considered as the main risk of doing business globally. *

True

False

A transaction may prove unrealistic if the cost of entering a market is too high, the competition is too challenging or the price in the new market is not competitive. *

True

False

Doing business in international markets is different from handling domestic business transactions. *

True

False