Answer Key
International Marketing – Practice 2
Fill in the gaps with the appropriate word or phrase in the correct form.
- The price of oil exported from Russia will also depend on the [incoterms] , i.e. transport and insurance costs involved.
- A bill of [lading] is drawn up to prove the ownership of goods.
- Importing goods from China allowed the company to lower prices and gain a competitive [advantage] in the European market.
- I agreed with my friend on a bilateral [barter] exchange: I will teach her English and she will cook dinner for me in return.
- The EU wants to introduce higher export [subsidies] in order to boost the European economy.
- 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.
- All the goods ordered in our e-shop are [shipped] within 6 working days. Transport costs are included in the price.
- 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.
- 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.
- ExxonMobil is a [multinational] corporation, which means it delivers its products and services in many different countries worldwide.