INTE Exam Dumps : Supply Management Integration

Dumping refers to the practice of exporting a product at a price lower than the price in the exporter's domestic market. This often leads to trade disputes as it can harm industries in the importing country. Reference: International trade regulations and anti-dumping measures.

Spot buying refers to the purchase of commodities on the open market for immediate delivery. This practice is typically used to meet urgent needs or take advantage of favorable market conditions. It contrasts with forward buying, which involves purchasing for future delivery to lock in prices or quantities.

The primary benefit of project governance is the structured evaluation of business cases, ensuring that projects align with strategic objectives. This scrutiny helps prioritize projects, allocate resources effectively, and set realistic timelines. By critically assessing the potential benefits and risks, organizations can ensure that projects deliver value and meet stakeholders' expectations, facilitating better decision-making and accountability in project management.