A) Countries B) States C) Villages D) Towns
A) Import B) Export C) Wholesale D) Retail
A) Selling goods to foreign countries B) Importing services C) Buying goods from abroad D) Selling goods locally
A) Receipt B) Invoice C) Bill of lading D) Debit note
A) Exports exceed imports B) No trade occurs C) Imports equal exports D) Imports exceed exports
A) NLC B) IMF C) WAEC D) NAFDAC
A) Re-export trade B) Retail trade C) Home trade D) Local trade
A) Taxes on imports B) Shipping documents C) Discounts on goods D) Subsidies on exports
A) Equal climate conditions B) Uniform distribution of resources C) Government policies D) Unequal distribution of resources
A) Exports B) Retail goods C) Imports D) Raw materials
A) UNESCO B) WHO C) WTO D) OPEC
A) Retail trade B) Banking C) Barter trade D) Credit
A) In stores B) In warehouses C) In transit D) In offices
A) It has excess goods B) It has surplus labour C) It wants more inflation D) It cannot produce everything
A) Cheap labour B) Good communication system C) Long distance D) Quality control
A) Advertising B) Market research C) Selling D) Packaging
A) Lowering prices B) Changing a product to meet foreign standards C) Avoiding foreign markets D) Producing for local markets
A) Passport B) Driving license C) Export license D) Voter’s card
A) Hire workers B) Advertise products C) Pay local taxes D) Fix export prices
A) Domestic trade B) Local marketing C) Wholesale distribution D) Organizing for international trade
A) International standards B) Personal preference C) Street trading laws D) Local market rules
A) Restricting foreign exchange B) Increasing local competition C) Limiting exportation D) Providing guidance and support
A) Smooth international trade B) Lower product quality C) Delays in delivery D) Reduced export options
A) Limit production B) Reduce business growth C) Expand foreign market reach D) Stop foreign customers
A) Increase tariffs B) Avoid customers C) Improve foreign business relations D) Reduce production
A) Avoid documentation B) Operate legally internationally C) Stop exporting D) Break trade rules
A) Local marketing B) Legal and smooth export transactions C) Manufacturing D) Domestic pricing
A) Stop local customers B) Produce fewer goods C) Reduce sales D) Increase global competitiveness
A) Stops export operations B) Protects goods in transit C) Reduces market size D) Increases tariffs |