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Fashion Institute of Design & Merchandising - BUSINESS BUMT 4250 Supply Chain Management Midterm Study Guide Define the following terms? 1) INCO Terms FOB LDP/DDP CIF Ocean Bill of Landing Airway bill Insurance certificate Commercial invoice Certificate of origin Packing list Globalization of today’s business Trade barriers (define and explain why it happens) Trade surplus Trade agreements Tariffs US customs duties HTSUS (how does it fit into the picture?) Quotas Market segmentation (brief description of each 4) Measurability Accessibility Profitability Actionability
Fashion Institute of Design & Merchandising - BUSINESS BUMT 4250
Supply Chain Management Midterm Study Guide
Define the following terms?
1) INCO Terms
- FOB
- LDP/DDP
- CIF
- Ocean Bill of Landing
- Airway bill
- Insurance certificate
- Commercial invoice
- Certificate of origin
- Packing list
- Globalization of today’s business
- Trade barriers (define and explain why it happens)
- Trade surplus
- Trade agreements
- Tariffs
- US customs duties
- HTSUS (how does it fit into the picture?)
- Quotas
- Market segmentation (brief description of each 4)
- Measurability
- Accessibility
- Profitability
- Actionability
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