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Commerce Trade Exercise

The document discusses various aspects of warehousing and international trade, including types of warehouses, their functions, and the use of overseas agents. It includes questions about the truthfulness of statements regarding warehouses, the role of warehousing in seasonal production and price stability, and the impact of trade restrictions. Additionally, it features a trade data figure for analysis and questions related to customs enforcement and transport documents in international trade.

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mnollitah
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2 views4 pages

Commerce Trade Exercise

The document discusses various aspects of warehousing and international trade, including types of warehouses, their functions, and the use of overseas agents. It includes questions about the truthfulness of statements regarding warehouses, the role of warehousing in seasonal production and price stability, and the impact of trade restrictions. Additionally, it features a trade data figure for analysis and questions related to customs enforcement and transport documents in international trade.

Uploaded by

mnollitah
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF or read online on Scribd
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09:57 OD® « Le | € 7100_s18_qp.2.. << + @UCLES 2018 7rooe2nune 9 4 There are many types of warehouses used in home and international trade. (a) Which of these statements about warehouses are TRUE and which are FALSE Tick (7) TRUE or FALSE in the correct column. TRUE FALSE Cash and carry warehouses offer self-service wholesaling, | Manufacturers’ warehouses would be used to store raw materials and finished goods awaiting sale. Regional distribution centres are located at seaports for efficient distribution of goods. 13) (b) Explain how warehousing is used for ()_ seasonal production [2] (li) price stability [2] euctes 2018 rroaponuune [Turn over na O 09:57 FAO® s un eek] < 7100_s18 qp 2 et © UCLES 2018 7roo2nMuris [Turn over 10 (c) (i) Many businesses use overseas agents to sell goods on their behalf. Discuss whether or not a business should use agents when selling overseas. Give reasons for your answer. {6} (il) Describe one trade restriction that might affect the work of an agent in international trade. © UCLES 2018 7roaenusri® 09:57 AO® « Ce ech € 7100_s18_qp.2.. << + This document consists of 11 printed pages and 1 blank page. De (wesw) 15238803 CAMBRIDGE € CUCLES 2018 Intemational Examinations en 2 1 Fig. 1 shows a country's trade with the rest of the world Fig. 1 Trade Trade | Exports (Sm) Imports ($m) Food | 10.0 | 20.0 Primary raw materials 305 8s | Manutactured goods 43 | 35.8 Fuels 12 i 92 Electrical goods | 39 | 147 Other goods | 25 | 10.4 Services | 67 | 198 Use Fig. 1 to help you answer the following questions. (a) (i) _In.what type of industry would the production of manufactured goods be classified? [1] (ll) Circle the correct answer to complete each of the following sentences. A television is an example of ahumanneed OR a human want Aglobal market is where goods and services are sold inacountry OR worldwide. [2] (b) Calculate the total value of each of the following (V)__ visible exports. Show your workii [2] (il) invisible trade balance. Show your working, sevneerne2] © UCLES 2018 7rooaMNAITS ORS ‘ca a oon ese | € 7100_s18_qp.2.. << + (il) invisible trade balance. Show your working [2] @UCLES 2018 7rooanasre 3 (c) Explain, using an example, one way in which customs authorities could enforce trade restrictions on goods coming into a country. (3) (d) Describe the purposes of these transport documents used in international trade. bill of lading [2] (il) air waybill [2] © UCLES 2018 TrooesaMne [Turn over na O

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