Purchase And Sale Of Goods In Home And Foreign Trade
Gbogbo ọrọ náà
Welcome to the comprehensive course material on the Purchase and Sale of Goods in Home and Foreign Trade in the field of Commerce. This topic delves into the intricate procedures involved in the buying and selling of goods both locally and internationally, offering a fundamental understanding of the commercial activities that drive economies.
One of the primary objectives of this course is to equip you with a solid grasp of the processes entailed in conducting trade transactions in both domestic and foreign markets. Understanding the nuances of purchasing and selling goods is paramount in the realm of commerce as it forms the backbone of economic activities.
Throughout this course, we will explore the various documents utilized in business transactions. From orders and invoices to letters of credit and certificates of origin, these documents play crucial roles in facilitating smooth and legally binding trade agreements.
Furthermore, we will delve into the world of price quotations, shedding light on trade discounts, cash discounts, and other pricing mechanisms that influence buying decisions. Understanding how prices are calculated and discounts are applied is essential for both buyers and sellers in achieving mutually beneficial transactions.
Moreover, we will discuss the diverse terms of payment that govern commercial exchanges. Whether it is cash payments or deferred transactions, grasping the different payment terms is vital for negotiating successful deals and maintaining healthy relationships between trading parties.
Another significant aspect we will cover is the means of payment available in business transactions. From traditional methods like banknotes and coins to modern electronic payment systems, the evolution of payment mechanisms has revolutionized the way commerce operates in the digital age.
As you progress through this course, you will gain insights into the intricacies of both home and foreign trade, preparing you to navigate the dynamic world of commerce with confidence and competence.
Ebumnobi
- Applying the knowledge of price quotation methods in different trade scenarios
- Course Objectives: Understanding the procedures involved in the purchase and sale of goods in both home and foreign trade
- Exploring the different terms of payment used in commercial transactions
- Identifying and interpreting the various documents used in business transactions
- Analyzing the means of payment available in business transactions
Akọmọ Ojú-ẹkọ
Yi rajista ka ci gaba
Kpọpụta akaụntụ n’efu ka ị nweta ohere na ihe ọmụmụ niile, ajụjụ omume, ma soro mmepe gị.
Ayẹwo Ẹkọ
Ekele diri gi maka imecha ihe karịrị na Purchase And Sale Of Goods In Home And Foreign Trade. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.
Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.
Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.
- What documents are used in business transactions to facilitate the purchase and sale of goods? A. Order B. Indent C. Credit note D. Certificate of inspection Answer: A. Order
- Which of the following is a type of invoice used in foreign trade? A. Ordinary Invoice B. Consular Invoice C. Proforma Invoice D. Debit note Answer: B. Consular Invoice
- What does FOB stand for in terms of price quotation in business? A. Free On Board B. Cost, Insurance & Freight C. Cash On Delivery D. Ex-works Answer: A. Free On Board
- Which means of payment is considered legal tender in business transactions? A. Bills of exchange B. Stamps C. Cheques D. Telegraphic transfer Answer: B. Stamps
- When a business offers a discount to a customer who pays immediately, it is known as: A. Quantity discount B. Trade discount C. Cash discount D. CIF discount Answer: C. Cash discount
- What is the main objective of using a letter of hypothecation in business? A. To ensure prompt payment B. To facilitate document verification C. To provide security for a loan D. To establish credit terms Answer: C. To provide security for a loan
- In foreign trade, which term refers to the price of goods including delivery to the buyer's location? A. COD B. CIF C. LOCO D. CWO Answer: B. CIF
- Which factor does NOT determine the type of occupation or employment in commerce? A. Land B. Labour C. Capital D. Weather Answer: D. Weather
- What is the purpose of a credit note in business transactions? A. To request immediate payment B. To acknowledge payment received C. To provide a refund for returned goods D. To confirm a successful delivery Answer: C. To provide a refund for returned goods
- In foreign trade, what document certifies the origin of goods being exported? A. Certificate of inspection B. Consular Invoice C. Certificate of origin D. Proforma Invoice Answer: C. Certificate of origin
Yi rajista ka ci gaba
Kpọpụta akaụntụ n’efu ka ị nweta ohere na ihe ọmụmụ niile, ajụjụ omume, ma soro mmepe gị.
Yi rajista ka ci gaba
Kpọpụta akaụntụ n’efu ka ị nweta ohere na ihe ọmụmụ niile, ajụjụ omume, ma soro mmepe gị.
Àwọn Ìwé Tó Dáa Láti Kà
Àwọn Ìbéèrè Tó Ti Kọjá
Nna, you dey wonder how past questions for this topic be? Here be some questions about Purchase And Sale Of Goods In Home And Foreign Trade from previous years.
Ajụjụ 1 Ripọtì
(a) Explain three means of payment in international trade and two means of payment in home trade. (b) Explain five reasons countries engage in international trade.
Yi rajista ka ci gaba
Kpọpụta akaụntụ n’efu ka ị nweta ohere na ihe ọmụmụ niile, ajụjụ omume, ma soro mmepe gị.
Ajụjụ 1 Ripọtì
An instruction to an agent abroad restricting him to buy from a named manufacturer is known as
Yi rajista ka ci gaba
Kpọpụta akaụntụ n’efu ka ị nweta ohere na ihe ọmụmụ niile, ajụjụ omume, ma soro mmepe gị.
Yi rajista ka ci gaba
Kpọpụta akaụntụ n’efu ka ị nweta ohere na ihe ọmụmụ niile, ajụjụ omume, ma soro mmepe gị.