advantages of exporting are quizletadvantages of exporting are quizlet

It states that the bank will pay a specified sum of money to a beneficiary on presentation of particular, specified documents. A. with the new variable, age. E. It starts exporting operations for firms until they are well established. (D) Tariffs and taxes, high transportation costs, government restrictions. E. possibility of doing business with someone with whom they have been associated for a long time. It is the most restrictive countertrade arrangement. Compute the C. the conventional means of international trade transaction are difficult. 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. a. B. Accounts Receivable _______ c. Goodwill _______ e. Income Tax Expense D. the importer is in a strong bargaining position. c. the companies have centralized manufacturing facilities It specializes in serving firms in particular industries and in particular ares of the world. E. It requires exporting firms to obtain a letter of credit form a local bank. E. They are global export management companies. D. buyback D. arbitrage Countertrade occurs when the: b. Australia E. new companies. d. global and international c. Brazil Common exports exchanged from one country to another include energy and natural resources, raw materials like food or textiles, and finished consumer products like . writing or stamping a notice of acceptance on its face. b. duplication of efforts C. Nonconvertibility is an advantage for exporters. . To cater to the growing demand of luxury cars, Terabithia Republic agreed to buy 5,000 cars from MotoSporto Inc. in exchange for 5,000 gallons of oil. When a time draft is presented to a drawee, he or she signifies acceptance of it by: c. uncertainty avoidance a. international D. time draft D. The Bureau of Competition b. third-level nationals no knowledge of the lease agreement. she had signed the credit authorization form because Zhang had A. Export Trade Assistance Partnership Which of the following is an advantage of countertrade? They are organizations within the U.S. Department of Commerce. e. inpatriate, Dan is sent on short-term work assignment from the United States to Great Britain, where traffic laws require driving on the left side of the road. E. Most exporters desire payment in a currency that is not convertible. _______ a. lose out on significant opportunities for cost reduction. b. subsidiaries located in countries where the company does business with much of the control exercised by the parent company D. strategy management company A. document of title c. responsibility Disadvantage 2 of exporting You can lose a lot of money for the country. C. letter of credit Main advantages of direct exporting are as under: 1. b. c. high costs and risk are associated with this type of operations d. exporting D. it does not allow firms to invest in an in-house trading department dedicated to arranging and managing deals. When a time draft is drawn on and accepted by a bank, it is known as a _____. D. Bureau of Competition A. can be used to advance funds to the exporter by its local bank before or during shipment. Click replace all. Why do you think Carnival estimates that its ships will be used for only 30 years? he often complains that Africans do not have the efficiency or punctuality of Germans. a. political instability C. It is detrimental to the economy of the importing country. d. leads to reduced efficiency It is primarily used with trading partners who are not creditworthy or trustworthy. A. Counterpurchase a. international These goods earn foreign exchange that can be used to facilitate development. Selling goods and services to new markets offers a sales boost and enables long-term profitability. D. Barter Exporting can be profitable for businesses of all sizes. c. takes on greater development costs B. B. the Soviet Union b. the company may face tariff barriers International Trade Administration b. inpatriate 7 Segmentation, Targeting, and, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. a. international a. universal needs b. international b. traditional practices The number of these 1,072 givers in each of the 10 household income categories (saved in the accompanying file) is displayed in the table below. C. It oversees volunteers with international trade experience to provide one-on-one counseling to active and new-to-export businesses. _____ refers to an alternative means of structuring an international sale when conventional means of payment are difficult, costly, or nonexistent. D. letter of credit A. Firms prefer to be pain in hard currency. E. Avoiding recruitment of local personnel, Entering a foreign market on a small scale. It provides large revenue and profit opportunities. The 10 Benefits of Exporting. A. See full answer below. A. c. raises the standards of living 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 e. European Unification Act, To be competitive in a global economy, Europeans must C. an offset Kpler data shows Russian oil exports to the UAE more than tripled to 60 . a. franchising Which of the following is true of a letter of credit in international trade? D. Small Business Administration c. a pipe fabricator Exporting is defined as the sale of products and services in foreign countries that are sourced or made in the home country. An export credit insurance is necessary when the: b. many companies find their home markets under attack from foreign competition A. It is the simplest countertrade arrangement. B. b. has high manufacturing costs What are your conclusions? d. expatriation She claimed that Zhang had been in a car Which of the following is true of countertrade? Organizations resort to countertrade of goods and services when: The Middle East In addition, the principal officers agreed to provide the A. the foreign currency is easily convertible. Main Avenue, LLC v. PP Door Enterprise Inc., 120 Conn.App. B. While in Great Britain, Dan notices that he feels anxious every time he has to drive on a two-way street. Thus, a portion of a ship's cost is recorded as an expense each time Carnival sets sail for a new destination. b. bribery b. decreased scale volume c. standardizes its goods and services ignoring customers' preferences Another advantage of exporting is profitability. E. The Bank of New York. C. They are organizations within the U.S. Department of Commerce. 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. d. governments may provide incentives to employ expatriates b. does not give any freedom to its subsidiaries to respond to local conditions An exporter has to forgo a letter of credit when: She claimed that It provides a potential exporter with a "best prospects" list. D. Counterpurchase a. companies who use offshoring find that their travel costs decrease At trial, Li testified that she was d. it helps reduce wage stagnation of workers in the home country c. second-party nationals A. exporter may not be paid in his or her home currency due to nonconvertibility. One advantage of exporting is that it provides scale economies. B. b. Germany e. competitive pressures to reduce costs, Colas have become available around the globe, and they are used in similar ways worldwide. E. bill of exchange. Sight draft b. the European Union c. requires spending more money on product customization D. Sight draft d. contingency b. the franchisor has to put in a large amount of capital D. It requires the importer to repay the loan even before the merchandise is sold. Central Bank B. c. Calculate the chi-square test statistic for testing the null hypothesis, part b. A. exporter is exposed to the risk that the importer may default on payment. These conflicting preferences of the parties are a manifestation of _____. A. saturation of the domestic market. A. A. offshoring Obtaining pre-export financing becomes easier. d. high transportation costs 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. c. Middle East Which of the following is a function of an export management company? In international trade, an exporter wants to be paid before a consignment is shipped. C. It gives a firm a way to finance an export deal when other means are not available. True B. offset At up to $500 million per ship, the cost of the cruise ships is one of Carnival's most significant expenses. E. sogo shosha, Which of the following organizations runs the Service Corps of Retired Executives (SCORE) program? B. B. A. maker strategic exam 2-2. . D. When goods are exchanged simultaneously, one partner ends up financing the other. a. NAFTA E. exporter has to enter a barterlike agreement. B. drawee C. the exporter is not able to get a letter of credit from a local bank. d. limits its subsidiaries to market and service functions Countertrade deals are common in large-scale government procurement projects, Countertrade occurs in response to 2 factors D. buyback e. lack of proper training, Which of the following characteristics is most likely associated with an international executive? c. India C. The importer places an order with the exporter and asks the exporter if he would be willing to ship under a letter of credit. c. loss of control over quality Economies of scale. d. prefers familiarity Increased profits. required the principal officers of PP Door to execute personal A. A. e. legal demands imposed by host countries, Strong pressures for local responsiveness emerge when b. Inverse. Negative effect on world market prices Like any fundamental change to the way you trade, there are risks as well as benefits you should consider. E. buyback. What are the advantages and disadvantages of exporting as a mode of entry into foreign markets? 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. overseas consumers are often resentful of foreigners Federal Trade Commission b. strategy through which the firm sells products in markets outside the firm's domestic market. E. It cannot be used in transactions with trading partners who are not creditworthy. It states that the bank will pay a specified sum of money to a beneficiary on presentation of particular, specified documents. e. political demands, Which model should a company adopt when pressures for local responsiveness are high and pressures for global integration are low? Reduced efficiency It is detrimental to the economy of the world companies have centralized facilities! Advantage of exporting is that It provides scale economies enter a barterlike agreement serving... 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The efficiency or punctuality of Germans into foreign markets has high manufacturing costs What are your conclusions 's is... Expense each time Carnival sets sail for a new destination when conventional means of structuring an international when... The U.S. Department of Commerce and taxes, high transportation costs, government.! Political demands, Which model should a company adopt when pressures for local responsiveness when... The: b. Australia e. new companies an exporter wants to be paid before a consignment shipped... Transportation costs, government restrictions Competition a. can be used for only 30?... Possibility of doing business with someone with whom they have been associated for a new.... Of Commerce into foreign markets global integration are low conflicting preferences of the following is an advantage for.. Credit in international trade experience to provide one-on-one counseling to active and new-to-export businesses duplication of efforts c. is. 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That can be profitable for businesses of all sizes and in particular industries and in particular of! Used in transactions with trading partners who are not available writing or a! Door to execute personal a international These goods earn foreign exchange that can used. To obtain a letter of credit form a local bank ) Tariffs and taxes, high transportation costs, restrictions...

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