Question

Organic Tea ltd. Is a Singapore based company dealing in import of tea from India and re-exporting to many South East Asian countries. It has huge godown near the sea port where it has made scientific arrangements for exporting tea till it is re-exported. 1)Name the type of trade in the above case. 2)Name the aids to trade being utilised by Organic Tea ltd. and which utility does it create?

Answer 1

Answer:

1.INTERPORT

2.HINDRENCE OF TIME(TRANSPORTATION)

Answer 2

Answer:

External Trade

Explanation:

• Other names for the external commerce are foreign trade and international trade.
• The three types of external commerce can be separated based on the selling and acquisition of products and services. As follows: Import, export, and entrepreneurial trade are examples of commerce.

• The type of commerce in the aforementioned query is entreport trade.

• A type of commerce known as an entrepot trade occurs when a nation imports particular items with the goal of exporting them to another nation.
• As an illustration, consider how an Indian company might import rubber from Thailand and export it to a Japanese company. A trade known as an entrepot is this.

#SPJ3