APICS Exam CSCP Topic 1 Question 82 Discussion

Actual exam question for APICS's CSCP exam

Question #: 82
Topic #: 1

Goods can enter a country, undergo further modification, and then be exported without paying customs duties via which of the following designations?

ABonded warehouse

BTrading bloc

CFree trade zone (FTZ)

DCitizen zone

Show Suggested Answer

Suggested Answer: C

According to the APICS CSCP - Supply Chain Management Certification, a free trade zone (FTZ) is a designated area within a country where goods can enter, undergo further modification, and then be exported without paying customs duties or taxes. FTZs are used to encourage foreign trade and investment, reduce transportation costs, and improve supply chain efficiency.

by Bulah at Mar 06, 2024, 01:04 PM

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Stephen

6 months ago

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Ardella

6 months ago

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