homework 3

1. What is the single most important document in an export sale and why?

2. Can agreements be made verbally? What are the pros and cons? 

3. What is the Uniform Commercial Code?

4. What is an RFQ? Please give an example and describe an RFGQ?

5. What is a pro forma invoice? When may it be needed?

6. What is an isolated sales transaction and when can it occur?

7. Why is the warranty important to exporting products?

8. What is an export license?

9. Describe the difference between a sales agent and a distributor?