I. What are the factors/forces that have caused the increase in global trade? What changes do you think will occur in the next 10 years?
2. Why have North American firms become actively involved in global purchasing?
3. What do firms see as the principal advantages to be gained when they buy globally?
4. How can the buying firm minimize the problem areas connected with global buying? Which do you feel are most serious?
5. How can the buyer best get a list of potential international sources? Evaluate potential suppliers?
6. What are the pros and cons of buying direct versus using some form of intermediary?
7. What are the forms of countertrade, and what problems do they cause for the buyer? How can the buyer help make countertrade work?
8. How can the buyer make effective use of foreign trade zones?
9. What advantages are there for buyers affected by the North American Free Trade Agreement (NAFTA)? What is a certificate of origin? Why does the buyer need to be concerned with this?
10. What are Incoterms? What factors should be considered when selecting an Incoterm?
Review the article attched below and answer the following.
Attachment:- purchasing and supply management.rar