In: Economics
Answer the following questions below:
1. If you sell widgets and a Japanese firm wishes to buy your product, what terms should your contract contain?
2. How might negotiating a sales contract with a Chinese supplier differ from dealing with a German supplier of materials?
3. Does the CISG provide adequate protection to U.S. exporters in their dealings with buyers in developing economies?
4. Do the practices outlined in Chapter 5 concerning the documentary sale provide adequate protection to U.S. exporters in their dealings with buyers in developing economies?
5. In determining the price for an item to be exported, what factors should be considered?