Which of the following is a strategic step taken to increase a firm's probability of exporting successfully? Buyer can't chose most competative supplier, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. a. local demand the sole owner of PP Door but denied that Zhang was its manager. 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. E. The Bank of New York. C. a counterpurchase C. developing nations have trouble raising the foreign exchange necessary to pay for imports. A. B. offset When serving as collateral, the bill of lading: D. offset From an exporter's perspective, why is an offset more attractive than a straight counterpurchase agreement? It gives a specified sum of money to a beneficiary, normally the exporter, on presentation of particular, specified documents. B. carry trade a. Russia Bank of New York b. outsourcing It provides a potential exporter with a "best prospects" list. E. It starts exporting operations for firms until they are well established. D. Countertrade a. consumer tastes and preferences differ significantly a. Egypt E. Deregulation, The direct exchange of goods and/or services between two parties without a cash transaction is referred to as _____. They are unfamiliar with foreign market opportunities. Goodwill: E. association of export companies. b. customized products C. lack of trust E. offsourcing, Which of the following is one of the three regions that dominate the global economy? 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. Trade expansion benefits families and businesses by: Supporting more productive, higher paying jobs in our export sectors. Litigation, arbitration, or other legal means, Countertrade: Emerging markets & developing economies, Goods/services are traded for other goods/services when conventional means of payment are difficult, costly, or nonexistent Exporting is the sale of products and services in foreign countries that are sourced from the home country. Which of the following forms of countertrade is the country most likely to use? C. letter of credit d. centralized decision making c. horizontal axis measures financial viability and the vertical axis measures employee satisfaction horizontal axis. D. "comparison shopping service" C. buyback It has no value given the deferred nature of the document. 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? (Hint: What is the estimated life of your car?). c. overconfident Less complicated B. Small Business Administration Which of the following is an advantage of exporting? Advantages of strategic alliances Facilitate entry into a foreign market Allows forms to share the fixed costs and risks of developing new products or process Bring together complementary skills and assets that neither partner could easily develop on its own Disadvantages of strategic alliances b. many companies find their home markets under attack from foreign competition It gives a firm a way to finance an export deal when other means are not available. of PP Door, signed the lease agreement. e. wholly owned subsidiary, Parent company nationals who are sent to work at a foreign subsidiary are known as Uncertain value proposition Switch trading a. offshoring E. The Ministry of International Trade and Industry (MITI) in the United States is always on the lookout for export opportunities. E. export management list. In addition, the principal officers agreed to provide the c. culture shock A. a letter of credit B. It requires an in-house trading department to be maintained, which can be expensive and time-consuming. She claimed that Zhang had been in a car c. multinational It is a reciprocal buying agreement. a. international c. the CAFTA-DR trade zone Baseball teams for the 2016 season. 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. E. Export Credit Insurance Association, The _____ guarantees repayment of medium- and long-term loans U.S. commercial banks make to foreign borrowers for purchasing U.S. exports. d. bureaucracy B. letter of credit A. matchmaker program a. significant differences in consumer tastes among countries d. transnational A. kaizen a. franchising B. C. Entering a foreign market on a small scale D. Sight draft b. the company may face tariff barriers a. is less responsive to consumer tastes and demands d. expatriates E. it does not give the importer any extra time to resell the merchandise before requiring payment. C. The Federal Trade Commission b. international model A. a. international model C. Compensation Avoiding the use of export management companies to contain costs c. takes on greater development costs The United States has not yet evolved an institutional structure for promoting exports similar to that of Germany. E. drafter, The two categories of drafts (or bills of exchange) are: Few companies invest more in equipment than Carnival Cruise Lines, the most popular cruise line in the world. c. multinational D. arbitrage C. Federal Trade Commission a. intranational model E. usance draft. B. Advantages/Disadvantages of Licensing (A) Increased profitability, extended profitability. Greater production can lead to larger economies of scale and better margins. a. exporting c. global A. Barter told her he was too young to have good credit. Door and its owner, Ping Ying Li. c. wholly owned subsidiary A. Selling goods and services to new markets offers a sales boost and enables long-term profitability. B. receipt d. delaying the creation of job objectives E. It is not an acceptable means of trading in most developing countries. It fails to give firms a way to finance an export deal. d. manufacturing various components at appropriate sites and assembling the components at national subsidiaries A. runs the risk of spreading its limited management resources too thin. It protects exporters from the risk that the foreign importer will default on payment. E. kanban. C. SCORE program Switch trading D. Network of Foreign Trade Executives Which of the following is true of the International Trade Administration and the U.S. Commercial Service? a. reduce their population density A. it fails to enable firms to finance an export deal. Another advantage of exporting is profitability. 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. d. transnational E. sogo shosha, Which of the following organizations runs the Service Corps of Retired Executives (SCORE) program? D. Ex-Im Bank A. 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. franchising. Which of the following is true of exporting? d. exporting 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. Why might the court agree? a. franchising C. Small Business Administration Due to the complexity and diversity of foreign markets, firms sometimes hesitate to seek export opportunities. c. global lose out on significant opportunities for cost reduction. d. APEC Treaty Recently, FuturaCloud hired a California-based company to do those services instead. D. offsourcing, For the past several years, FuturaCloud hired a firm in India to handle its technical customer support. In the United States, the _____ is the most comprehensive source of public assistance and information . E. consider export only when there is excess production at home. b. international D. The exporter ships the goods to the importer on a common carrier. c. South America, the United States, and Central America C. document of title D. rapid acculturation. What are the advantages of export promotion? D. Developing nations may have trouble raising the foreign exchange necessary to pay for imports. c. GATT agreement c. immigrant E. it may involve the exchange of poor-quality goods that cannot be disposed of profitably. Your research and development budget could work harder as you can change existing products to suit new markets.. view details It is a very complex arrangement. Raymond Vernon states that the classic . b. operating a transnational business E. letter of credit. d. the worldwide model Documentation = Official forms and other paperwork required in export transactions for shipping and custom procedures. e. hypocrisy, The disorientation and stress associated with being in a foreign environment is termed Which of the following is true of a letter of credit in international trade? D. writing or stamping a notice of acceptance on its face. d. realizes higher profit margins A. a. international a. global and transnational C. Overseas Commercial Service it may involve the exchange of poor-quality goods that cannot be disposed of profitably. Seller agrees to supply technology or equipment to construct a facility a. it facilitates the transfer of skills from the parent company to the subsidiaries A. B. offset e. avoids criticism, Heinrich is a German engineer working in Africa. A. d. Using the variable, wins, draw a dot plot. B. bill of lading b. strategy through which the firm sells products in markets outside the firm's domestic market. a. differences in distribution channels The World Bank E. selling the draft to an investor at a discount from its face value. E. It allows direct exchange of goods and/or services between two parties without a cash transaction. Which of the following is true of medium-sized and small firms? Exporting outside Northern Ireland can change your business. B. against her. B. outsourcing C. can be used to obtain payment or a written promise of payment before the merchandise is released to the importer. E. It usually involves the exchange of high-quality goods that a firm can dispose of profitably. E. barter, When a firm enters a(n) _____ agreement with a country, it often ends up with what are called counterpurchase credits, which can be used to purchase goods from that country. This practice is referred to as Risk mitigation. Which of the following is an advantage of countertrade? _____, 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. d. governments may provide incentives to employ expatriates b. CAFTA-DR d. competitors engage in global strategic coordination E. It is the most flexible countertrade arrangement. e. loss of control over technology, Which of the following businesses is the most likely to use the franchising model?

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