Essay questions review: What is ASEAN stand for? And please discuss its purposes What is the definition of “demand” in a market economy? What are Primary data resources? What are the advantages and disadvantages? According to “The Basics of Exporting”, please describe the step of “Identify your market” in greater detail and explain its purpose What is the definition of “supply” in a market economy? What is a Letter of Credit and what purpose does it serve with respect to foreign trade? What are Secondary data resources? What are the advantages and disadvantages? List five basic methods of payment Choose one and describe it in detail What is ASEAN plus three and its purposes? 10 Why should company market research? And how does company conduct market research? 11 What is specialization in international trade? Please give example to illustrate 12 Please give definitions of A Irrevocable and A Revocable Letters of Credit 13 According to “The Basics of Exporting”, please describe the step of “Sell to your market” in greater detail and explain its purpose 14 What is APEC stand for? How many members are there? What are its objectives? And when did Vietnam join the APEC? 15 Define Free trade area and Protectionism Discuss the differences of those two 16 According to “The Basics of Exporting”, please describe the step of “develop an export plan” in greater detail and explain its purpose 17 What are the most common trade barriers? Define each one of them 18 Why nations adopt trade barriers? Discuss and explain each of those in greater detail 19 According to “The Basics of Exporting”, please describe the step of “prepare to enter your market” in greater detail and explain its purpose