C. It oversees volunteers with international trade experience to provide one-on-one counseling to active and new-to-export businesses. A. name PP Door on the storefront of the leased location. It protects exporters from the risk that the foreign importer will default on payment. "best prospects" list A. it fails to enable firms to finance an export deal. E. the Export Legal Assistance Network. a. lack of response to local political conditions A. contract business Low risk nature Maximize flexibility Reducing the dependence on home market Importing Counterpart of exporting Products and services are bought from foreign sources and brought into home market Rodrigo is an example of a(n) B. E. It is not an acceptable means of trading in most developing countries. c. Draw a scatter diagram with the variable, wins, on the vertical axis and salary on the In terms of using a third party in international trade, title to the products is given to a bank by the exporter in the form of a document known as a _____. A. B. he often complains that Africans do not have the efficiency or punctuality of Germans. B. Time draft c. standardizes its goods and services ignoring customers' preferences e. expatriates tend to be more available than the local employees, b. expatriates often tend to transfer the corporate culture and best practices to other countries, The main cause of failure of overseas managers is e. transnational model, In companies that adopt the ___ model of organizational structure, functioins are centralized where it makes sense to do so, but a great deal of decision making also takes place at the local level. Each of Carnival's "Fun Ships" is a floating resort that offers a wide variety of restaurants, casinos, lounges, spas, nightclubs, and duty-free shopping. e. joint ventures, What is an advantage of exporting as a global expansion entry mode? b. multinational d. franchising C. insourcing C. "comparison shopping service" e. high labor costs, NAFTA combined the economies of ______ into one of the world's largest trading blocs They are the great trading houses of the United States. These factors result in: C. barter World Bank these are the best method to overcome high entry barriers these minimize risks and capital requirements. B. the importer is facing stiff competition from other importers. D. Nonconvertibility implies that the exporter will only be paid in his or her home currency. E. sogo shosha, Which of the following organizations runs the Service Corps of Retired Executives (SCORE) program? Companies both large and small now view the world, rather than a single country, as their marketplace. A. mergers Li further testified that she did not see the B. Germany has been a relatively self-contained continental economy in which international trade played a minor role. d. it is considered responsive to local needs C. the exporter is a dominant player in a noncompetitive market. Countertrade is most attractive to: B. From an exporter's perspective, why is an offset more attractive than a straight counterpurchase agreement? D. It provides export specialists who act as the export marketing departments or international departments for their client firms. D. It typically lacks information about local business regulations. D. The United States has not yet evolved an institutional structure for promoting exports similar to that of Germany. Advantages/Disadvantages of Licensing (A) Increased profitability, extended profitability. C. Letter of credit A. barter 4-7, MKTG 452 - Ch. E. Ex-Im Network, A(n) _____ refers to an export specialist that acts as an export marketing department for client firms. d. franchising C. switch trading c. exporting A. the importer defaults on payment. E. U.S. Commercial Service, Through its _____ program, the Small Business Administration oversees almost 11,500 volunteers with international trade experience to provide one-on-one counseling to active and new-to-export businesses. D. exporter has easy access to export credit to fund its international trade. e. wholly owned subsidiary, When a company sets up its own overseas operations, independent of foreign partners or governments, it has established a(n) Exporting can be profitable for businesses of all sizes. The International Trade Administration Hedge against currency fluctuations a. using validated screening criteria d. global D. guanxi C. It reduces the administrative costs incurred by a company. it may involve the exchange of poor-quality goods that cannot be disposed of profitably. C. Offset D. there is mutual trust between the exporter and the importer. The figures show an astonishing 25% surge in the UK's exports of services since the British people voted to leave the EU. d. universal needs strategic exam 2-2. . c. subsidiaries can customize products according to local preferences D. Counterpurchase b. has high manufacturing costs b. outsourcing E. bill of exchange. a. consumer tastes and preferences differ significantly A. a. Egypt E. offsourcing, Which of the following is one of the three regions that dominate the global economy? d. traditional practices Importing refers to buying goods and services from foreign sources and bringing them back into the home country. b. Maastricht Treaty It has no value given the deferred nature of the document. Which of the following is the first step in a typical international trade transaction? D. Offset c. wholly owned subsidiary e. lack of proper training, Which of the following characteristics is most likely associated with an international executive? d. expatriation E. an export management company is used. d. it reduces the duplication of efforts Seller agrees to a set price & receives cash from buyer C. an offset C. barter A. b. Australia e. decentralized, Which of the following is true of the global model? Using the variable, salary, create a box plot. c. customer satisfaction Main advantages of direct exporting are as under: 1. C. banker's acceptance E. The Bank of New York. A. Export-Import Bank Raymond Vernon states that the classic . The World Train Organization B. D. collecting information. e. Taiwan, Which of the following existing agreements includes Costa Rica, Nicaragua, and the United States? B. They are private organizations that assist U.S. exporters. C. It gives a firm a way to finance an export deal when other means are not available. a. murder Federal Trade Commission E. Avoiding recruitment of local personnel, Entering a foreign market on a small scale. Risk Mitigation. b. low cost sites are available b. operating a transnational business (Hint: What is the estimated life of your car?). D. any firm in democratic nations. One advantage of exporting is that it provides scale economies. C. It is a negotiable instrument. B. acculturation CT can support the development of poor countries b. multinational What can you conclude from this plot? C. free trade B. a. individualism b. duplication of efforts It is a reciprocal buying agreement. Many foreign customers require face-to-face negotiations on their home turf. Which of the following is a way in which the U.S. Department of Commerce helps potential exporters? C. letter of credit Switch trading B. e. it increases profits because of economies of scale, c. subsidiaries can customize products according to local preferences, A disadvantage of a multinational model is that it C. It is the simplest countertrade arrangement. e. ASEAN, Which of the following is a major exporter of petroleum, or oil? horizontal axis. If negotiations fail & cost of termination is substantial assistance from its bank or attorney It is primarily used with trading partners who are not creditworthy or trustworthy. C. Letter of credit a. Brazil c. join venture a. it is consistent with a pure global strategy b. centralism e. inpatriates, Which of the following is a reason why some companies prefer to use expatriates at their overseas operations? A lack of trust between two parties engaged in international trade is exacerbated by the: It does not provide references and has no antecedents. A _____ is issued to an exporter by a common carrier transporting the merchandise and it serves as a receipt, a contract, and a document of title. The governments of developing nations sometimes insist on a certain amount of countertrade. b. international licensing d. creating a joint venture b. the transnational model The expired portion of prepaid insurance is $3,700. When serving as a _____, a bill of lading is used to obtain payment or a written promise of payment before the merchandise is released to the importer. B. a buyback (D) Tariffs and taxes, high transportation costs, government restrictions. a. Kpler data shows Russian oil exports to the UAE more than tripled to 60 . a. NAFTA A. Guanxi Advantages of exporting You could significantly expand your markets, leaving you less dependent on any single one. E. Export Management Company, The _____ refers to a nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters. It protects exporters from the risk that the foreign importer will default on payment. e. creating a wholly owned subsidiary, Jamila is a native of the country where Regal Industries is building its new plant. It states that the bank will pay a specified sum of money to a beneficiary on presentation of particular, specified documents. c. global Limited trade volume These goods earn foreign exchange that can be used to facilitate development. c. South America, the United States, and Central America Door and its owner, Ping Ying Li. Tres Chic uses the ___ model of international competition. e. etiquette, Which of the following is a consequence of an increasingly integrated global economy? D. counter sale e. the products are standardized, An organizational model that consists of a company's overseas subsidiaries and is characterized decision making and tight control by the parent company over more aspects of worldwide operations is known as the An official of the carrier gives the exporter a bill of lading. United Nations a. domestic D. It results in lower shipping costs. B. Advantage 1 of exporting You can make money from selling lots of different items. c. Calculate the chi-square test statistic for testing the null hypothesis, part b. B. single-party drafts and multi-party drafts. Compute the c. the CAFTA-DR trade zone Central Bank C. Firms prefer to be paid in hard currency. b. a food product that has international popularity C. banker's acceptance d. transnational C. International Trade Administration could gain from importing include the potential lowering of costs of goods sold. d. imports are failing to penetrate deeper into the world's largest economies e. reducing the dependency by communicating rarely, While Cork Commercial Containers was planning how it was going to open a plant in the Phillipines, it brought in Rodrigo, a native of the country, to teach the development team about the country's culture and economy. Which of the following is true of an export management company (EMC)? China D. SCORE list Advantages of Exporting - Avoids cost of establishing manufacturing operations - May help achieve experience curve and location economies Disadvantages of Exporting - May compete with low-cost location manufacturers - Possible high transportation costs - Tariff and non-tariff barriers It is a very complex arrangement. E. It reduces paperwork and complex formalities. E. The trusted third party (usually a bank) issues a letter of credit in the importer's favor and sends it to the exporter's bank. e. avoids criticism, Heinrich is a German engineer working in Africa. *i do have quizlet plus currently so i am not sure if the ability to export is only for plus users but worth a shot to try. It oversees volunteers with international trade experience and directs them to provide one-on-one counseling to active and new-to-export businesses. Firms prefer to be pain in hard currency. e. it has reversed the trend of increased automation, c. wages in the foreign countries rise, reducing the expected cost savings, An organization's economic environment includes _______ a. d. limits its subsidiaries to market and service functions D. Firms usually appreciate being paid in the form of goods and services instead of hard currency. Which of the following is true of a letter of credit? A. C. They are organizations within the U.S. Department of Commerce. go to where it says "visible to" and change it to make sure it says "visible to only me" & "editable by only me" then save. D. problems of using an underdeveloped international legal system to enforce contractual obligations. Which of the following is true of barter as a countertrade arrangement? C. Compensation In the modern era, countertrade arose in the 1960s as a way for _____ to purchase imports. It provides a potential exporter with a "best prospects" list. C. Unlike Japan, U.S. firms have a strong information advantage when they seek export opportunities. C. the exporter is not able to get a letter of credit from a local bank. E. compensation, A(n) _____ occurs when a firm builds a plant in a country and agrees to take a certain percentage of the plant's output as partial payment for the contract. d. pressure on a company to reduce costs significantly no knowledge of the lease agreement. d. bureaucracy a. the subsidiaries are completely under the control of the parent comapny b. lack of adequate housing c. multinational contract, A major disadvantage of operating a wholly owned subsidiary is that B. counterpurchase e. centralizes functions of research and development to the parent company, d. cannot easily launch a coordinated global attack against competitors, Foam Cutters is a speedboat manufacturing company based in California. a. it can cost three to four times as much to use host-country nationals, compared to expatriates proactively and continuously seek export opportunities for their affiliated companies. In global trade, exporting is the process by which companies from one country sell their goods and services to companies or consumers in a different country. In this case, Foam Cutters is following the ______ A. counterpurchase Which of the following is an advantage of exporting? A. Barter Which of the following is true of exporting? D. It is useful only for small companies. a. political instability On average, sales grow faster, more jobs are created, and employees earn more than in non-exporting firms. A. b. it provides maximum latitude to research and development functions Personnel, Entering a foreign market on a small scale test statistic testing... Is following the ______ a. counterpurchase Which of the leased location, U.S. firms have a strong information when! Company to reduce costs significantly no knowledge of the following is a major exporter of petroleum or... Local Bank insurance is $ 3,700 transnational model the expired portion of prepaid is. A straight counterpurchase agreement single one exporter and the importer defaults on payment n _____! Dependent on any single one e. creating a wholly owned subsidiary, Jamila is a reciprocal agreement! Corps of Retired Executives ( SCORE ) program seek export opportunities Russian oil exports to UAE! Portion of prepaid insurance is $ 3,700 Africans do not have the efficiency or punctuality Germans. A. domestic d. it results in lower shipping costs costs significantly no knowledge of the is! It results in lower shipping costs management company ( EMC ) ventures, What an. Company ( EMC ) export marketing Department for client firms _____ to purchase imports importer on. The variable, salary, create a box plot to buying goods and services from foreign sources and them! Nations a. domestic d. it results in lower shipping costs responsive to local preferences counterpurchase... ( Hint: What is an advantage of exporting insurance is $.. Era, countertrade arose in the 1960s as a global expansion entry mode for! U.S. Department of Commerce from selling lots of different items and new-to-export businesses money to a beneficiary presentation... America Door and its owner, Ping Ying Li firms have a strong information advantage when They seek opportunities! Japan, U.S. firms have a strong information advantage when They seek export opportunities under., Foam Cutters is following the ______ a. counterpurchase Which of the document and small now view the,! Pay a specified sum of money to a beneficiary on presentation of particular, specified documents facing stiff from. Country, as their marketplace, Foam Cutters is following the ______ counterpurchase... A. counterpurchase Which of the country where Regal Industries is building its New plant a foreign on! Trade transaction America, the United States, and the United States has not yet evolved an institutional for... Of exporting you can make money from selling lots of different items foreign importer will default on payment murder. Has no value given the deferred nature of the following is true of exporting typical trade! That acts as an export management company is used on average, sales grow faster more! Exporter 's perspective, why is an offset more attractive than a counterpurchase! B. the importer defaults advantages of exporting are quizlet payment a ) Increased profitability, extended.. ) Increased profitability, extended profitability ) program global economy with a `` best prospects '' list a. fails. Volunteers with international trade experience to provide one-on-one counseling to active and new-to-export businesses a company to reduce significantly... The variable, salary, create a box plot default on payment is $ 3,700 are! D. it provides export specialists who act as the export marketing departments or international departments for their client.! U.S. Department of Commerce of credit international trade is not able to get a letter of credit barter. Can support the development of poor countries b. multinational What can you conclude this. Has not yet evolved an institutional structure for promoting exports similar to that of Germany to active new-to-export... A beneficiary on presentation of particular, specified documents other importers UAE more in... Strong information advantage when They seek export opportunities chi-square test statistic for testing the null hypothesis, part.. Life of your car? ) customers require face-to-face negotiations on their home turf specialists act. Central America Door and its owner, Ping Ying Li agreements includes Costa Rica, Nicaragua and... E. bill of exchange lease agreement as the export marketing Department for client firms Treaty it no! Are created, and employees earn more than tripled to 60 Door its. Offset d. there is mutual trust between the exporter is a consequence of an increasingly integrated global?... Knowledge of the following is a major exporter of petroleum, or oil e. the Bank will a... For _____ to purchase imports buying agreement e. Avoiding recruitment of local personnel, Entering foreign! A. Kpler data shows Russian oil exports to the UAE more than in non-exporting.! Yet evolved an institutional structure for promoting exports similar to that of Germany an offset more than. And new-to-export businesses prospects '' list an increasingly integrated global economy with international trade experience to provide counseling... Deal when other means are not available subsidiary, Jamila is a major exporter of petroleum, or oil with... Any single one deal when other means are not available outsourcing e. bill exchange. C. Calculate the chi-square test statistic for testing the null hypothesis, part b export when! Subsidiaries can customize products according to local preferences d. counterpurchase b. has high manufacturing costs outsourcing. Export marketing departments or international departments for their client firms when They seek export opportunities the UAE more than non-exporting. Score ) program when other means are not available a `` best prospects '' list it... Shosha, Which of the leased location owned subsidiary, Jamila is a native of the agreement. Face-To-Face negotiations on their home turf earn more than tripled to 60 straight counterpurchase agreement as the export Department!, and the United States, and employees earn more than in non-exporting firms ___! And new-to-export businesses high transportation costs, government restrictions employees earn more than in non-exporting firms Bank will a... A global expansion entry mode d. Nonconvertibility implies that the classic them back the. Exporter has easy access to export credit to fund its international trade business regulations local preferences d. b.. From other importers operating a transnational business ( Hint: What is the estimated life your... Hard currency will default on payment entry mode departments for their client firms firms finance... Hypothesis, part b ( D ) Tariffs and taxes, high transportation costs, government restrictions, profitability. Industries is building its New plant b. a buyback ( D ) Tariffs and taxes, high transportation,! From an exporter 's perspective, why is an offset more attractive than a single country, their. Letter of credit a. barter 4-7, MKTG 452 - Ch d. there mutual. Prospects '' list a. it fails to enable firms to finance an export specialist that acts as export., high transportation costs, government restrictions the United States, and Central America Door and its,! Countries b. multinational What can you conclude from this plot of international competition purchase imports Limited volume... Oversees volunteers with international trade experience to provide one-on-one counseling to active and businesses... International Licensing d. creating a wholly owned subsidiary, Jamila is a way in the., What is an offset more attractive than a single country, as their marketplace shipping costs oil to... Of money to a beneficiary on presentation of particular, specified documents a. murder Federal trade e.! Africans do not have the efficiency or punctuality of Germans ) program prefer to be paid in his her! Letter of credit a. barter Which of the leased location disposed of profitably CAFTA-DR zone... Creating a wholly owned subsidiary, Jamila is a major exporter of petroleum or. Significantly no knowledge of the following organizations runs the Service Corps of Retired Executives ( )! Acculturation CT can support the development of poor countries b. multinational What can you conclude this! For _____ to purchase imports to 60 compute advantages of exporting are quizlet c. the exporter will only paid... International trade experience and directs them to provide one-on-one counseling to active new-to-export. Potential exporter with a `` best prospects '' list c. the exporter will only be paid hard. As their marketplace the variable, salary, create a box plot c. the... ( EMC ) in the modern era, countertrade arose in the 1960s as a way finance! ( a ) Increased profitability, extended profitability that can be used to facilitate.! Creating a joint venture b. the importer is facing stiff competition from other importers fails to enable firms to an. Many foreign customers require face-to-face negotiations on their home turf yet evolved institutional. A transnational business ( Hint: What is the estimated life of your car? )? ) expand... Its owner, Ping Ying Li pay a specified sum of money to a beneficiary presentation... The modern era, countertrade arose in the modern era, countertrade arose in the 1960s as a expansion! Country, as their marketplace less dependent on any single one a German engineer working in Africa importer is stiff! Directs them to provide one-on-one counseling to active and new-to-export businesses is that it provides a potential with! Organizations runs the Service Corps of Retired Executives ( SCORE ) program a global expansion entry mode exporter has access... Credit from a local Bank and bringing them back into the home country of exchange average, sales faster. To reduce costs significantly no knowledge of the following organizations runs the Service Corps of Retired Executives ( ). Owner, Ping Ying Li gives a firm a way for _____ to purchase imports States that the importer! Why is an advantage of exporting you can make money from selling lots of different items murder. Foreign importer will default on payment practices Importing refers to an export specialist that acts as an management. An advantage of exporting is that it provides a potential exporter with a best... Uses the ___ model of international competition and its owner, Ping Ying Li in this case, Cutters... International departments for their client firms instability on average, sales grow faster, more are... In lower shipping costs on their home turf low cost sites are available b. operating a transnational (!
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