1
What is international trade?
Trade of goods between countries.
What is export?
Selling goods to another country.
What is import?
Buying goods from another country.
What is a market?
A place where goods are bought and sold
If a company buys goods from Germany, what is it called?
import
What is export sales?
Selling products to foreign customers.
Why do companies export goods?
To increase sales and profit
What is the first step in export sales?
Market research.
Choose one group and get the score for the answer from it.
+200
Why is international trade important?
It helps economic growth.
What is advance payment?
Buyer pays before shipment.
What is a letter of credit?
A bank guarantee for payment.
Who helps with international payments?
Banks
What is a sales contract?
A written trade agreement.
How are goods transported in export?
By ship, air, or truck.
What is one benefit of export trade?
Higher business income.
What is one risk in international trade?
Payment risk
Why is market research important?
To find buyers and demand.
What does logistics mean?
Transport and delivery of goods
for you
-400
Which payment method is safest for the seller?
Advance payment.
Which payment method uses bank guarantee?
Letter of credit.
Why is trust important in international trade?
To ensure successful transactions.
boooooooooom
+500
What is the goal of international trade?
Economic development.