State three functions of departments of international trade in the ministry of commerce and industry

      

State three functions of departments of international trade in the ministry of commerce and industry

  

Answers


Davis
-Protection of consumer against exploitation (high prices and
low quality)
- Carry out market research on distribution of essential goods and
services
- Promotion and development of internal trade.
- Acts as a mediator for commercial banks in case of dispute
between them.
- It repatriates excess foreign currency on behalf of commercial
banks.
- Statutory management during financial crisis.
Githiari answered the question on September 22, 2017 at 19:48


Next: Explain the following terms as used in international trade (a) LOCO (b) F.O.R (c) F.A.S (d) Bill of Landing (e) Cost Insurance and Freight
Previous: Country X has recorded a surplus balance of payments from its foreign trade. Outline four ways in which the country can spend these surplus earnings

View More Business Studies Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions