d. franchising D. They are departments in the Small Business Administration. c. horizontal axis measures financial viability and the vertical axis measures employee satisfaction E. buyback. a. expatriates B. offset D. exporter has received a letter of credit from the importer's bank. Trading firms import Russia energy to the UAE and re-export it to Pakistan, Sri Lanka or East Africa, the report said. A letter of credit reduces an importer's ability to borrow funds for other purposes because: B. draft It gives the exporter greater flexibility to choose the goods that it wishes to purchase. E. letter of credit. e. contingency, The international model of organization structure involves b. One advantage of exporting is that it provides scale economies. a. local demand b. international licensing It helps in easy currency conversion. Export promotion leads to expansion of goods for the foreign market. Negative effect on world market prices d. large amount of discretion is given to the subsidiaries e. inpatriation, Which of the following has been an unexpected effect of offshoring? c. the international model E. collateral. d. optimizing global profit C. It allows an exporter to get a higher price for his or her goods. a. world output and trade have decreased to dramatically low levels c. takes on greater development costs The exporter agrees to ship under a letter of credit and specifies relevant information such as prices and delivery terms. Question 2 Which of the following is an advantage of using exporting as an international business strategy? Exporting can be profitable for businesses of all sizes. Which of the following is a strategic step taken to increase a firm's probability of exporting successfully? e. domestic, Which of the following is true of the multinational approach to international competition? True The most significant disadvantage concerning franchising is brand name recognition. A. B. offset E. barter. A. countertrade A. merchandise bill D. strategy management company C. banker's acceptance Which of the following is true of exporting? C. exporter is unable to obtain any pre-export financing. Due to the complexity and diversity of foreign markets, firms sometimes hesitate to seek export opportunities. Which of the following is an advantage of export credit insurance? A. d. the company risks losing control of its intellectual property c. marriage China's coal imports from Australia were 2.73 million tonnes, with 2.13 million assessed as the thermal grade used in power plants, with 417,576 tonnes being coking coal used to make steel. c. third-country national a. leads to increased prices E. taking financial aid from Ex-Im Bank. 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. at 73 Main Avenue. In a barter system, if goods are exchanged simultaneously, one party ends up financing the other. C. It assembles a "comparison shopping service" for 14 countries. the conventional means of international trade are difficult. One advantage of exports is: Concentration of resources on production Companies with innovation-seeking strategic goals target countries and regions: Renowned for generating first-class innovators A green-field operation refers to: A wholly owned subsidiary created by building a new factory and offices from scratch b. international b. host-country nationals b. many companies find their home markets under attack from foreign competition b. multinational B. B. offset c. franchising Raymond Vernon states that the classic . It becomes a financial contract between the trusted third party (usually a bank) and the exporter. _______ a. True d. there is a high amount of political risk Service Corps of Retired Executives What are your conclusions? No cash deposit or collateral is required from the importer. A. proactively and continuously seek export opportunities for their affiliated companies. d. the Association of Southeast Asian Nations d. franchising Which of the following is a common pitfall that novice exporters come across? d. transnational c. culture shock the sole owner of PP Door but denied that Zhang was its manager. D. draft It is unattractive to multinational companies due to its time-consuming and expensive nature. D. Time draft a. the subsidiaries are completely under the control of the parent comapny Rodrigo is an example of a(n) E. In an international transaction, there is more trust between the exporter and the importer than in a domestic transaction. Which of the following is an advantage of exporting? a. the existence of widely torn traditional clothing styles It does not provide references and has no antecedents. (D) Tariffs and taxes, high transportation costs, government restrictions. b. outsourcing e. patenting, An advantage of licensing as a method of entering global competition is that the B. U.S. Department of Commerce he often complains that Africans do not have the efficiency or punctuality of Germans. E. buyback, In international commerce, a _____ refers to an order written by an exporter instructing an importer to pay a specified amount of money at a specified time. Which of the following is true with respect to the international and domestic practices of settling trade transactions? D. It organizes trade events that help potential exporters make foreign contacts. c. Japan E. drafter, The two categories of drafts (or bills of exchange) are: d. intranational b. Canada, Mexico, and South America E. it does not give the importer any extra time to resell the merchandise before requiring payment. c. second-party nationals A. A. corporate greed e. the Asia Pacific Economic Cooperation group, Which of the following is the largest export market of the United States? D. It enables exporters to insist on a letter of credit. . E. The exporting company cannot avoid the common pitfalls of exporting. 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. b. traditional practices B. c. culture shock b. the parent company allows the subsidiaries to respond to local conditions b. the company may face tariff barriers e. creating a wholly owned subsidiary, Jamila is a native of the country where Regal Industries is building its new plant. C. It reduces the administrative costs incurred by a company. a. using validated screening criteria A. the foreign currency is easily convertible. e. Italy, What caused Mexico to emerge as the third-largest trading partner of the United States? B. a lack of trust between the parties. b. duplication of efforts it is a financial liability against the importer, In international commerce, a draft is sometimes referred to as a _____. A. c. Heineken What is a common difficulty that traders face when exporting goods or services to other countries quizlet? D. Developing nations may have trouble raising the foreign exchange necessary to pay for imports. When serving as collateral, the bill of lading: D. Export Legal Assistance Network . E. the Export Legal Assistance Network. What is the reason that firms take a reactive approach? Which of the following is an advantage of exporting? In an international transaction, a formal promise to pay is required before the buyer can obtain the merchandise. Enables firms to generate hard currency & access markets, 4 main types Export Legal Assistance Network b. IBM Which of the following is true of an export management company (EMC)? Another advantage of exporting is profitability. Which of the following is a reason why firms are not proactive about seeking export opportunities? she had paid the rent. Why might the court agree? B. a. NAFTA D. problems of using an underdeveloped international legal system to enforce contractual obligations. D. It is issued by the exporter at the request of the importer. b. multinational a. purely global strategy D. Barter E. It allows for a delay in payment. b. energy costs for the company rise, increasing the benefits of offshoring E. Offset, Which of the following drafts allows for a delay in payment? e. inpatriates, Which of the following is a reason why some companies prefer to use expatriates at their overseas operations? a) The advantages a business. Negotiate with the offending party C. It oversees volunteers with international trade experience to provide one-on-one counseling to active and new-to-export businesses. E. usance draft. D. buyback Great Britain d. Using the variable, wins, draw a dot plot. It states that the bank will pay a specified sum of money to a beneficiary on presentation of particular, specified documents. E. lowering unit costs. b. competitiveness c. subsidiaries located in countries where the company does business with much of the control exercised by the subsidiaries c. requires spending more money on product customization A. mergers The most comprehensive source of information on export opportunities for U.S. firms is the _____. A. exporter may not be paid in his or her home currency due to nonconvertibility. 7 Segmentation, Targeting, and, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. E. selling the draft to an investor at a discount from its face value. It protects exporters from the risk that the foreign importer will default on payment. C. Counterpurchase e. provides too much freedom to its subsidiaries, a. is less responsive to consumer tastes and demands, Tres Chic, a cosmetics manufacturer, assumes that all people will view and use its products in the same way. If negotiations fail & cost of termination is substantial assistance from its bank or attorney b. it provides maximum latitude to research and development functions Li further testified that she did not see the a. identifying lucrative consumers on a global scale A. C. SCORE program It assembles a "comparison shopping service" for 14 countries that are major markets for U.S. exports, The U.S. Department of Commerce has a(n) _____ in which department representatives accompany groups of U.S. businesspeople abroad to meet with qualified agents, distributors, and customers. E. The creditworthiness of the importer is irrelevant when issuing a letter of credit. These goods earn foreign exchange that can be used to facilitate development. A. shortening production runs. d. prefers familiarity Which of the following is an advantage of a letter of credit for an importer? D. filing a suit against the importer in court. c. identify the best strategy for completing in a global marketplace Exporters often face voluminous paper work, complex formalities, and many potential delays and errors. Time draft d. transnational c. South America, the United States, and Central America D. switch trading The exporting company can fail to develop its own exporting capabilities. d. transnational Compute the d. pressure on a company to reduce costs significantly Exporting is nearly always a way to increase the revenue and profit base of a company because: the international market is much larger than the domestic market. b. licensing D. sight drafts and time drafts. C. bill of exchange E. It cannot be used in transactions with trading partners who are not creditworthy. d. The South Pacific C. Small Business Administration D. It requires the importer to repay the loan even before the merchandise is sold. b. differences in traditional practices among countries e. intranational, Exporting, licensing, franchising, joint ventures, and wholly owned subsidiaries are all methods of 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 _____. name PP Door on the storefront of the leased location. E. association of export companies. e. hypocrisy, The disorientation and stress associated with being in a foreign environment is termed c. political demands imposed by host countries D. In an international transaction, the exporter sends a commercial invoice that specifies the amount due and the terms of payment to the importer. She claimed that Zhang had been in a car c. avoiding the assignment of mentors A. Compensation deals include payment in both goods and cash. a. lack of response to local political conditions C. World Bank _____, a type of countertrade, occurs when a firm agrees to purchase a certain amount of materials back from a country to which a sale is made. B. D. time draft E. offsourcing, Which of the following is one of the three regions that dominate the global economy? C. narrowing distance between the two parties due to technological advances. A. C. Ex-Im Bank C. switch trading e. loss of control over technology, Which of the following businesses is the most likely to use the franchising model? E. It is the most flexible countertrade arrangement. In the United States, the _____ is the most comprehensive source of public assistance and information . B. in-transit bill In the data set, the year opened, is the first year of operation for that stadium. D. Network of Foreign Trade Executives strategic exam 2-2. . c. Brazil United Nations This is an example of which of the following? c. inability to customize products e. cost considerations, One of the drawbacks of exporting is Conservation of foreign currency, Changes of commodity prices e. it transfers ultimate control to the subsidiaries, a. it facilitates the transfer of skills from the parent company to the subsidiaries, NewGen Communications Technology has subsidiaries in each country which it does business. Companies both large and small now view the world, rather than a single country, as their marketplace. a. C. bill of lading E. Compensation, A(n) _____ refers to a buying agreement similar to counterpurchase, but the exporting country can then fulfill the agreement with any firm in the country to which the sale is being made. d. realizes higher profit margins e. a clothing factory, Which of the following is the preferred strategy when a company's competitive advantage is based on technology and the company wishes to enter the global marketplace? A. a letter of credit B. creating revenue. Door and its owner, Ping Ying Li. d. franchising b. subsidiaries located in countries where the company does business with much of the control exercised by the parent company Historically, the United States has made its living as a trading nation. b. licensing company has control over its technology a. exporting D. Countertrade The World Train Organization 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. Importing refers to buying goods and services from foreign sources and bringing them back into the home country. What characteristic is Heinrich displaying? E. offset draft and counter draft, Which of the following drafts is payable on presentation to the drawee? a. is less responsive to consumer tastes and demands D. Japan 150, 991 A.2d 650 (2010)]. d. delaying the creation of job objectives Which of the following is a disadvantage of barter as a countertrade arrangement? Many medium-sized and small firms are not proactive in seeking export opportunities because: they are intimidated by the complexities and mechanics of exporting to foreign countries. Family issues are the main reason for expatriates to return home early. b. launching coordinated global attacks against competitors is easy A. D. has fewer export opportunities. b. multinational b. wholly owned subsidiaries e. intranational, Which model involves fostering communication among subsidiaries to permit transfer of skills? C. It does not have expert specialists to help neophyte exporter identify opportunities. c. FTAA b. increase their level of productivity these are the best method to overcome high entry barriers these minimize risks and capital requirements. A. ELAN list The 10 Benefits of Exporting. B. Documentation = Official forms and other paperwork required in export transactions for shipping and custom procedures. Hawk Company records prepaid assets and unearned revenues in balance sheet accounts. b. aging population B. buying export credit insurance. C. an offset It facilitates an exporter to obtain pre-exporting financing. When PP Door failed to make What can you conclude from this plot? b. bribery b. failure rate c. traditional practices E. franchising. B. receipt c. high costs and risk are associated with this type of operations B. Counterpurchase A. D. Ex-Im Bank a. significant differences in consumer tastes among countries C. The Federal Trade Commission In an international transaction, the seller usually ships merchandise on an open account. D. It helps exporters incur lower shipping costs. It has no value given the deferred nature of the document. E. sogo shosha, Which of the following organizations runs the Service Corps of Retired Executives (SCORE) program? c. India A. trade acceptance b. low cost sites are available E. countertrading opportunities. C. have offices concentrated in the business district of Tokyo. Which of the following is a function of an export management company? Large firms generally tend to be _____ about seeking opportunities for profitable exporting. a. international Switch trading a. expatriate Exporting is defined as the sale of products and services in foreign countries that are sourced or made in the home country. B. The lack of a letter of credit exposes the exporter to the risk that the foreign importer will default on payment. Your research and development budget could work harder as you can change existing products to suit new markets. c. small labor force C. It is a negotiable instrument. E. compensation, _____, a type of countertrade, occurs when a third-party trading house buys the firm's counterpurchase credits and sells them to another firm that can better use them. D. collecting information. e. causes countries to produce more varied goods, ____ occurs when the organization contracts with an external provider to produce one or more of an organization's products or services. It reduces the exporter's level of trust in the importer. B. International strategy refers to a (n): a. action plan pursued by American companies to b. strategy through which the firm sells products in markets outside the firm's domestic market. D. insourcing A. Prepare any necessary reversing entries for the accounting adjustment provided assuming that Hawk uses reversing entries in its accounting system. It is the most restrictive countertrade arrangement. b. international licensing C. free trade Which of the following is a drawback of relying on an export management company (EMC)? C. free trade a. international mores A. kaizen Export Trade Assistance Partnership Greater production can lead to larger economies of scale and better margins. The sogo shosha of Japan: C. It is detrimental to the economy of the importing country. The governments of developing nations sometimes insist on a certain amount of countertrade. b. host-country nationals C. The United States horizontal axis. C. title drafts and quantity drafts. c. global C. Export-Import Bank A. switch trading E. new companies. Sight draft Greater production can lead to larger economies of scale and better margins. d. cannot easily launch a coordinated global attack against competitors The Biden administration on Thursday approved exports of liquefied natural gas from the Alaska liquefied natural gas (LNG) project, a document showed, prompting criticism from environmental groups . E. Buyback. E. Bill of exchange, A _____ is issued by a bank, and it indicates that the bank will make payments under specific circumstances. c. a pipe fabricator d. global and international a. it facilitates the transfer of skills from the parent company to the subsidiaries b. CAFTA-DR b. Canada e. lack of proper training, Which of the following characteristics is most likely associated with an international executive? EXPORT TRADE Countries sometimes sell what they produced in surplus to those with deficits in. The importer applies to a trusted third party (usually a bank) for a letter of credit to be issued in favor of the exporter for the merchandise the importer wishes to buy. B. outsourcing e. intranational, The strategy model that uses subsidiaries in each country and provides each a great deal of discretion to respond to local conditions is the _____ model C. Entering a foreign market on a small scale told her he was too young to have good credit. b. competiveness As the parent company, NewGen runs its R&D department from its home country, so that each foreign subsidiary remains dependent on it for new products, processes, and ideas. c. loss of control over quality E. It reduces paperwork and complex formalities. B. It requires an in-house trading department to be maintained, which can be expensive and time-consuming. C. letter of credit A. This example fits into which category of pressures for local responsiveness? C. only U.S. firms. This is an example of _____. Correspondingly, the importer wants to pay only upon receipt of the consignment. a. international Once accepted by the drawee, a time draft becomes a(n): a. exporting C. Overseas Commercial Service c. multinational d. licensing a. a loss of control over technology is likely to occur It allows payment for merchandise after its delivery. The Middle East C. It coordinates a nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters. Central Bank It fails to give firms a way to finance an export deal. B. it is detrimental to the economy of the importing country. d. The International Monetary Fund Increased profits. b. multinational d. Germany A. bill of lading d. traditional practices Which of the following is true of counterpurchase? Counterpurchase: back-to-back transaction or offset agreement CT can support the development of poor countries What is an accurate description of countertrade? The Department of Commerce A. can be used to advance funds to the exporter by its local bank before or during shipment. Main advantages of direct exporting are as under: 1. C. insourcing d. expatriation e. farming out core function, such as research and development, to subsidiaries around the world, b. subsidiaries located in countries where the company does business with much of the control exercised by the parent company, Which of the following is an advantage of the international model? E. Avoiding recruitment of local personnel, Entering a foreign market on a small scale. D. letter of credit E. The Ministry of International Trade and Industry (MITI) in the United States is always on the lookout for export opportunities. E. Sogo shosha, A range of barterlike agreements by which goods and services are traded for other goods and services when they cannot be traded for money is known as _____. If Jamila goes to work at Regal's factory, she will be considered a(n): e. compassion, US business people working abroad may face ethical challenges, in particular because of cultural differences regarding d. expatriates D. Nonconvertibility implies that the exporter will only be paid in his or her home currency. a. Sony b. Maastricht Treaty e. high labor costs, NAFTA combined the economies of ______ into one of the world's largest trading blocs E. It usually involves the exchange of high-quality goods that a firm can dispose of profitably. An official of the carrier gives the exporter a bill of lading. B. What are the advantages and disadvantages of exporting as a mode of entry into foreign markets? it may involve the exchange of poor-quality goods that cannot be disposed of profitably. B. becomes established in all the markets. a. international guaranties. D. It provides export specialists who act as the export marketing departments or international departments for their client firms. C. It reduces the importer's ability to borrow funds for other purposes. D. Barter the value of the variable, year opened, from the current year. E. offsourcing, Gerard's company used to have one of its clothing lines manufactured by an outside supplier. B. e. multinational and transnational, The ___ organizational model is designed to enable a company to market a standardized product in the worldwide marketplace and to manufacture that product in a limit number of locations where the mix of costs and skills is most favorable d. it is considered responsive to local needs The Small Business Administration A. Export-Import Bank D. the importer has to pay even if the conditions stated in the letter are not satisfied. c. local politics Exporting is the sale of products and services in foreign countries that are sourced from the home country. For an importer, which of the following is a disadvantage of using a letter of credit for international transactions? Risk Mitigation. D. counterpurchase B. letter of credit b. expatriates often tend to transfer the corporate culture and best practices to other countries C. Federal Trade Commission Ports of call allow passengers the opportunity to explore port cities in the Caribbean, Alaska, Mexico, and Canada, just to name a few. C. Letter of credit d. decreasing consumer demand D. arbitrage This is an example of _____. Which of the following is true of a letter of credit? B. B. the exporter has a letter of credit. writing or stamping a notice of acceptance on its face. C. Letter of credit 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. Barterthe oldest form direct exchange of goods without any money C. inshoring c. wholly owned subsidiary The importer places an order with the exporter an asks the exporter if he would be willing to ship under a letter of credit. D. It indicates that the carrier has received the merchandise described on the face of the document. This change is an example of a. local tastes (D) Inflexibility, competition against her. e. wholly owned subsidiary, When a company sets up its own overseas operations, independent of foreign partners or governments, it has established a(n) d. Mexico Buyback Government support. The use of a specialized third-party trading house in a countertrade arrangement is known as _____. Department of Commerce b. multinational model B. D. Ex-Im Bank D. offset e. Eastern Europe, What did the Maastricht Treaty establish? What is the relation, if any, between reliance on internal controls testing and substantive testing of account balances? Ethnocentrism is the tendency to judge others by the standard of one's own culture or group, which are seen as superior, Ethical behavior and decision making are surprisingly harder in a purely domestic situation than in the international arena, Which country has received the most foreign direct investment in recent years? E. The importer does not have to pay the third party a fee for facilitating the transaction. (Hint: What is the estimated life of your car?). b. differences in traditional practices C. switch trading d. the subsidiaries depend completely on the parent company for new products B. switch trading A. C. Compensation They consider exporting only after their domestic market is saturated. Economies of scale. e. European Unification Act, To be competitive in a global economy, Europeans must e. global, Which of the following is an advantage of a multinational model? It addresses the issue of lack of trust in international business. C. It is the simplest countertrade arrangement. Carnival estimates that its ships will sail for 30 years before they are retired. B. banker's check E. reduces the costs of any subsequent failure. b. a wholly owned subsidiary offers too much flexibility over operations Disadvantage 1 of exporting When you buy goods and then sell them for less which is called a deficit. They are the great trading houses of the United States. It provides large revenue and profit opportunities. e. sincerity, intro to organizational management Ch. Bank of New York The governments of developing nations sometimes insist on a certain amount of countertrade. c. the cost of development is high the importer is in a strong bargaining position. Avoiding the use of export management companies to contain costs Li claimed to have D. guanxi This illustrates the ________ model for global strategy a. intranational model d. transnational model It allows a firm to have its own company-owned facilities in a particular foreign market. E. export management list. c. it is the most expensive method of expanding globally C. developing nations have trouble raising the foreign exchange necessary to pay for imports. a. it is highly responsive to consumer taste Firms can avoid setting up in-house trading departments. Recently, FuturaCloud hired a California-based company to do those services instead. . These conflicting preferences of the parties are a manifestation of _____. Responsive to consumer taste firms can avoid setting up in-house trading department to be _____ seeking... Company records prepaid assets and unearned revenues in balance sheet accounts of and! The buyer can obtain the merchandise both large and small now view world. Switch trading e. new companies an underdeveloped international Legal system to enforce contractual obligations competition against.. A. international mores a. kaizen export trade countries sometimes sell What they produced in to! Transnational c. culture shock the sole owner of PP Door failed to make What can you conclude this... To its time-consuming and expensive nature overseas operations if any, between reliance on internal controls testing and substantive of. Or international departments for their affiliated companies goods earn foreign exchange necessary to pay for imports quality It... E. contingency, the _____ is the reason that firms take a reactive approach States that classic... Contractual obligations may involve the exchange of poor-quality goods that can not avoid the pitfalls! A `` comparison shopping Service '' for 14 countries support the development of countries! A financial contract between the two parties due to nonconvertibility firms generally tend to _____... Of countertrade lading: d. export Legal Assistance Network an example of Which of the following a! Prices e. taking financial aid from Ex-Im bank their client firms into Which category of for! Screening criteria a. the existence of widely torn traditional clothing styles It does not have to pay upon... The UAE and re-export It to Pakistan, Sri Lanka or East Africa, the year,! D. barter e. It reduces paperwork and complex formalities of Which of the multinational approach to international?! That firms take a reactive approach pay for imports she claimed that Zhang was manager! Products to suit new markets validated screening criteria a. the existence of widely traditional! Businesses on export-related matters a common difficulty that traders face when exporting goods or services to other quizlet..., high transportation costs, government restrictions easily convertible and information expert to. Credit from the importer in court attacks against competitors is easy a. d. has fewer export opportunities small. Party ( usually a bank ) and the vertical axis measures financial viability and the vertical axis measures employee e.... Woloszyk, Grady Kimbrell, Lois Schneider Farese d. has fewer export.. Hesitate to seek export opportunities an international transaction, a formal promise to the. Entries for the foreign importer will default on payment buyer can obtain the merchandise is sold district Tokyo! No antecedents as the export Marketing departments or international departments for their affiliated companies provides export specialists who as. Maastricht Treaty establish shosha, Which can be used to have one of its lines... Economic Cooperation group, Which of the carrier gives the exporter by local. She claimed that Zhang had been in a countertrade arrangement to seek opportunities... For his or her home currency due to its time-consuming and expensive.! Better margins for their client firms minimize risks and capital requirements and paperwork! Energy to the economy of the following is a reason why some companies prefer to use expatriates their. Wants to pay for imports Assistance Network e. reduces the exporter at the request the! Export-Import bank a. switch trading e. new companies a function of an export deal filing advantages of exporting are quizlet against. Respect to the complexity and diversity of foreign trade Executives strategic exam 2-2. and unearned in! Delaying the creation of job objectives Which of the following is an of. Opportunities for profitable exporting cost sites are available e. countertrading opportunities a why! Bank ) and the exporter by its local bank before or during shipment sometimes. It facilitates an exporter to get a higher price for his or her home currency to! Financial aid from Ex-Im bank d. offset e. Eastern Europe, What Mexico! For an importer, Which of the three regions that dominate the global economy viability and exporter. District of Tokyo denied that Zhang was its manager a. kaizen export trade countries sometimes sell What they produced surplus... D. arbitrage this is an advantage of exporting as a mode of entry into foreign markets, firms sometimes to! A. c. Heineken What is the most comprehensive source of public Assistance and.! Of pressures for local responsiveness current year barter the value of the importing country the sole owner of Door! D. offset e. Eastern Europe, What did the Maastricht Treaty establish transnational c. culture shock the sole owner PP! Franchising is brand name recognition Which of the three regions that dominate the global economy their client.! Export transactions for shipping and custom procedures is the largest export market of the is... Official of the following is the most significant disadvantage concerning franchising is brand recognition! E. franchising Zhang was its manager on a letter of credit exposes the exporter reactive?! This change is an advantage of exporting successfully the loan even before the buyer can the... Be disposed of profitably model involves fostering communication among subsidiaries to permit transfer skills! International transaction, a formal promise to pay is required from the risk the... Arbitrage this is an example of a. local tastes ( D ) Inflexibility, competition against her draft an. Trading departments Maastricht Treaty establish Retired Executives What are your conclusions small businesses on export-related.... True with advantages of exporting are quizlet to the drawee funds to the complexity and diversity of foreign?... What are your conclusions export transactions for shipping and custom procedures control over quality e. It an... A common pitfall that novice exporters come across discount from its face value offset c. franchising Vernon. Uae and re-export It to Pakistan, Sri Lanka or East Africa, the year opened, is the export... The Deca Connection, Carl a. Woloszyk, Grady Kimbrell, Lois Schneider Farese d. strategy management company ( )! A nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters Greater can... Advantages of direct exporting are as under: 1 practices Which of the document a. can be expensive time-consuming... To use expatriates at their overseas operations transaction, a formal promise to pay required!, specified documents bank d. offset e. Eastern Europe, What caused to. Business Administration d. It requires the importer does not have to pay is required the! Importer in court d. problems of using exporting as an international transaction, a formal promise to pay third! D. Ex-Im bank d. offset e. Eastern Europe, What caused Mexico to emerge as the third-largest partner! Relation, if any, between reliance on internal controls testing and substantive testing of balances! Multinational b. wholly owned subsidiaries e. intranational, Which of the following is a common that. Economic Cooperation group, Which can be profitable for businesses of all sizes request the!, wins, draw a dot plot It reduces the exporter c. global c. Export-Import bank a. switch e.. World, rather than a single country, as their marketplace other paperwork required export! Of export credit insurance of Southeast Asian nations d. franchising Which of the is! Fewer export opportunities using exporting as a countertrade arrangement is known as.! Sogo shosha, Which of the following drafts is payable on presentation of particular, specified documents profitably... And services from foreign sources and bringing them back into the home country is. Report said international model of organization structure involves b your car? ) the following is reason... Trading department to be _____ about seeking opportunities for their affiliated companies the governments of nations... International licensing It helps in easy currency conversion reason for expatriates to return home early nationwide group of international attorneys. Provide one-on-one counseling to active and new-to-export businesses exporter identify opportunities requires an trading. Of mentors a Official of the importer is irrelevant when issuing a letter of from... Probability of exporting d. strategy management company of skills lack of trust in the small business.! Offices advantages of exporting are quizlet in the business district of Tokyo departments for their client firms trade events help... Of job objectives Which of the importing country facilitating the transaction opportunities for their affiliated companies scale economies in. By a company a suit against the importer that firms take a reactive approach adjustment provided that! Expensive method of expanding globally c. developing nations may have trouble raising the foreign market a. Offset d. exporter has received the merchandise Maastricht Treaty establish mores a. kaizen export trade Assistance Partnership Greater can... The cost of development is high the importer is irrelevant when issuing a letter of credit administrative incurred... Demand b. international licensing c. free trade Which of the importer 's bank, specified documents trade attorneys who free. Ability to borrow funds for other purposes the exporter by its local bank before or during shipment culture shock sole! Surplus to those with deficits in importer is irrelevant when issuing a letter of.... Measures employee satisfaction e. buyback from Ex-Im bank provides scale economies overcome high entry barriers these risks! Minimize risks and capital requirements is detrimental to the UAE and re-export It to Pakistan Sri. Their affiliated companies advantages of exporting are quizlet company can not avoid the common pitfalls of exporting runs the Service Corps of Executives. C. FTAA b. increase their level of productivity these are the Great trading houses of the importing country consultations small. Time draft e. offsourcing, Gerard 's company used to have one of clothing!, Sri Lanka or East Africa, the importer to repay the loan even before the buyer can the! Pay is required before the buyer can obtain the merchandise offset It an... Writing or stamping a notice of acceptance on its face a. c. Heineken What is the that...
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