Answer Key

International Marketing – Practice 2

Fill in the gaps with the appropriate word or phrase in the correct form.
  1. The price of oil exported from Russia will also depend on the  [incoterms] , i.e. transport and insurance costs involved.
  2. A bill of  [lading] is drawn up to prove the ownership of goods.
  3. Importing goods from China allowed the company to lower prices and gain a competitive [advantage] in the European market.
  4. I agreed with my friend on a bilateral  [barter] exchange: I will teach her English and she will cook dinner for me in return.
  5. The EU wants to introduce higher export  [subsidies] in order to boost the European economy.
  6. If the Commerce Department rules that Mexico is dumping tomatoes, consumers can expect higher tomato prices because the US will impose  [quotas] on them, limiting the numbers that can be imported.
  7. All the goods ordered in our e-shop are  [shipped] within 6 working days. Transport costs are included in the price.
  8. Many domestic manufacturers fear that new Chinese companies will introduce  [dumping]cotton prices and force them to abandon production as a result of unfair competition.
  9. US and EU business leaders now need to focus on removing trade  [barriers] between the two blocs rather than aim to create a single free trade area.
  10. ExxonMobil is a  [multinational] corporation, which means it delivers its products and services in many different countries worldwide.