(a) What is Entrepot Trade? (bi)Differentiate between a Bill of Lading and Consignment Note (bii) Explain the use of bill of sight in foreign trade (c) Stat...

Answer Details

(a) Entrepot trade refers to a type of trade where goods are imported into a country and then re-exported to other countries without undergoing any further processing. It involves the use of a free port or entrepot where goods are temporarily stored before being re-exported to their final destination.

(bi) A Bill of Lading (B/L) is a legal document that serves as evidence of the contract of carriage between the shipper and the carrier. It contains details about the shipment, such as the goods being shipped, the port of origin and destination, and the terms of the contract. A consignment note, on the other hand, is a document used to record the delivery of goods from one party to another. It contains details about the goods being delivered, the sender and recipient, and any special instructions for the delivery.

(bii) A Bill of Sight is a document used in foreign trade when the importer does not have complete information about the goods being imported. It is used to allow the goods to be cleared by customs while the necessary information is being gathered. It is essentially a declaration that the goods are being imported under certain conditions, such as a lack of complete information about the goods.

(c) Some reasons for criticism against advertising include:

1. Deception: Advertising can be deceptive when it makes false or exaggerated claims about a product or service. This can mislead consumers into making purchases that do not meet their expectations.
2. Manipulation: Advertising can be manipulative when it uses psychological techniques to persuade consumers to make purchases that they might not otherwise make. This can lead to consumers making purchases that are not in their best interests.
3. Intrusiveness: Advertising can be intrusive when it interrupts or interferes with a person's daily life, such as through pop-up ads or unsolicited emails. This can be annoying and can create a negative impression of the product or service being advertised.
4. Stereotyping: Advertising can perpetuate stereotypes and promote unrealistic beauty standards or gender roles. This can create unrealistic expectations and can harm people's self-esteem.
5. Wastefulness: Advertising can be wasteful when it promotes excessive consumption or encourages the disposal of perfectly good products. This can contribute to environmental problems such as pollution and resource depletion.