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International Trade
Describe any three characteristics of chain stores in the world.
Characteristics of chain stores in the world are :-
i. Chain stores are able to purchase merchandise most economically to their specification.
ii. They often direct the manufacturers.
iii. They employ highly skilled specialists.
iv. They have the ability to experiment in one store and apply the results to many.
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Why is it deterimental for a nation to have negative balance of payments?
What benefits do nations get by forming trading blocs?
How are ports helpful for trade? Give a classification of ports on the basis of their location.
How do nations gain from international trade?
What are out ports? Define with examples.
Describe the nature of composition of internation trade.
Define barter system. Mention the difficulties with this system.
What is an international trade?
Name the five greatest trading nations.
Mention the three important aspects of international trade.
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