（） is an inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process， thereby reducing inventory costs.

多项选择题In marine time chartering， the following（）terms are normally appeared in the time charter party.

A.freight payment
B.payment of hire
C.trading limits
D.demurrage

单项选择题International trade is the exchange of goods and（）across national borders.

A.materials
B.factors of production
C.products
D.services

多项选择题Which of the following may be the disadvantages of road transport？（）

A.Transport subject to traffic delays
B.Transport subject to breakdown
C.Goods susceptible to damage through careless driving
D.Bad weather

单项选择题（） is the party which applies to the bank for the opening of a letter of credit.

A.A bank in the seller′s country
B.A bank in the buyer′s country
C.An exporter
D.An applicant

单项选择题（） means that the seller delivers the goods， clears for export， to the carrier nominated by the buyer at the named place.

A.FCA
B.CFR
C.FOB
D.CIF