Hps2214:Transport Economics Question Paper
Hps2214:Transport Economics
Course:Bachelor Of Supplies Management
Institution: Meru University Of Science And Technology question papers
Exam Year:2013
QUESTION ONE – (30 MARKS)
(a) Discuss the distinct international purchasing market entry methods and the steps based on entering a foreign market. (6 Marks) (b) Discuss the four classes of INCOTERMS that are used to source materials as laid by the international chambers of commerce clearly highlighting the responsibilities of buyer and seller. (12 Marks) (c) “Maintaining global purchasing and supply relationships with suppliers in different parts of the world is difficult” Discuss. (6 Marks) (d) Explain the concept of countertrade showing its importance to the trading partners. (6 Marks)
QUESTION TWO – (20 MARKS)
(a) Discuss any five globalization dimensions and highlight the various globalization drivers in international purchasing. (6 Marks) (b) Discuss various unethical practices in Purchasing and Supplies and various ways of upholding ethics in the profession. (8 Marks)
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QUESTION THREE – (20 MARKS)
(a) Discuss the procedure involved in international purchasing. Explain the major methods of payment used based on global transaction. (10 Marks) (b) Explain the challenges/problems that modern firms face when sourcing raw materials from a global source. (10 Marks)
QUESTION FOUR – (20 MARKS)
Documentation is critical in international purchasing. Discuss the major documents used in international purchasing. (20 Marks)
QUESTION FIVE – (20 MARKS)
(a) Explain sources of information about overseas suppliers. (8 Marks) (b) With regard to international trade, discuss any four associations and institutions concerned with international trading blocs. (12 Marks)
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