Question: Question 1 ( 1 point ) Saved You don't want to hassle of arranging the shipping and doing all the paper work. Which INCO term

Question 1(1 point)
Saved
You don't want to hassle of arranging the shipping and doing all the paper work. Which INCO term describes getting the product to you at your office in Charleston?__________
Question 1 options:
EXW
FOB
DAT
DDP
Question 2(1 point)
Saved
Why is the main reason why Canadian widgets are cheapest?
Question 2 options:
The individual price of the widget is lowest
There is no tariff on widgets imported from Canada
Insurance is less expensive if it is coming from Canada
Canada is closer so shipping is much cheaper
Question 3(1 point)
Saved
The duty (tariff) is based on which INCO Term?
Question 3 options:
EXW
FOB
CIP
DDP
Question 4(1 point)
Saved
A freight forwarder can get the product to you for 10 percent more. All of the following are reasons why you would use a freight forwarder EXCEPT ___
Question 4 options:
A freight forwarder handles a lot of cargo and can get bulk rates on shipping and other services
You might have less than a container load and a freight forwarder could combine your shipment with another company's shipment to get cheaper shipping rates
You don't want the hassle of the paperwork
All of the above are true.
Question 5(1 point)
All the extra shipping and tariff charges add how much to the per widget cost from Germany?
Question 5 options:
$75
$100
$145
$158
Question 6(1 point)
You have a friend with a truck who can pick up the widgets at the port of Charleston after it has cleared customs. How much would you save per widget?
Question 6 options:
$.20
$.50
$.425
$.20
Question 7(1 point)
The widget manufacturer/exporter does not want to deal with any of the exporting shipping and handling or export documents. Which INCOterm should the exporter use?
Question 7 options:
EXW
FOB
CIF
DDP
Question 8(1 point)
The lowest EXW price is the firm from _____
Question 8 options:
Brazil
Canada
Germany
The all offered the same price EXW
Question 9(1 point)
Who is usually responsible for packaging the product?
Question 9 options:
The exporter/seller
The importer/buyer
The shipping company
The trucking company
Question 10(1 point)
You are only concerned with getting the widgets for the lowest per item price. From which country/firm, should you buy widgets.
Question 10 options:
Brazil
Canada
Germany
After all the shipping and handling charges, all are the same price

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