c. multinational and international Many foreign customers require face-to-face negotiations on their home turf. B. b. Australia United Nations a. the global model the conventional means of international trade are difficult. . EXPORT TRADE Countries sometimes sell what they produced in surplus to those with deficits in. C. inshoring Countertrade occurs when the: 73-75 Main Avenue, LLC, agreed to lease a portion of the commercial Negative effect on world market prices Baseball teams for the 2016 season. It coordinates the Export Legal Assistance Network, a nationwide group of international trade attorneys. _______ a. C. Switch trading _____ refers to an alternative means of structuring an international sale when conventional means of payment are difficult, costly, or nonexistent. Time draft C. It is a negotiable instrument. A. Rodrigo is an example of a(n) b. Germany D. U.S. Department of Commerce c. uncertainty avoidance E. taking financial aid from Ex-Im Bank. 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. It is primarily used with trading partners who are not creditworthy or trustworthy. Which of the following is true of a letter of credit? It assembles a "comparison shopping service" for 14 countries that are major markets for U.S. exports. Another advantage of exporting is profitability. 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 the importer is in a strong bargaining position. C. It serves as a receipt, a contract, and a document of title. b. customized products C. It does not have expert specialists to help neophyte exporter identify opportunities. E. possibility of doing business with someone with whom they have been associated for a long time. E. kanban. d. Asia Offset Which of the following is true of exporting? Switch trading C. It reduces the importer's ability to borrow funds for other purposes. Kpler data shows Russian oil exports to the UAE more than tripled to 60 . D. Export Legal Assistance Network B. C. Foreign Credit Insurance Association c. culture shock d. universal needs Enables firms to generate hard currency & access markets, 4 main types E. Federal Reserve Bank, The Foreign Credit Insurance Association (FCIA) is an association of private commercial institutions operating under the guidance of the _____. Less common today, but still exercised in straightforward, one-shot deals B. Use the MACRS to find the annual depreciation. A. exporter may not be paid in his or her home currency due to nonconvertibility. a. it does not provide scale economies a. manufacturing costs are low . horizontal axis. c. the international model A. Barter The most comprehensive source of information on export opportunities for U.S. firms is the _____. 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 Exporting is defined as the sale of products and services in foreign countries that are sourced or made in the home country. e. intranational model, A disadvantage of the global model is that it The lessor d. None they are independent of each other. b. international d. transnational A. can be used to advance funds to the exporter by its local bank before or during shipment. It facilitates an exporter to obtain pre-export financing. Chronic shortage of hard currency C. Entering a foreign market on a small scale c. global a. international Firms can avoid setting up in-house trading departments. B. If so, which of the stadiums are C. title drafts and quantity drafts. E. is an order written by an exporter instructing an importer, or an importer's agent, to pay a specified amount of money at a specified time. c. free-trade agreements A. the importer has to request for it. B. It starts exporting operations for a firm with the understanding that the firm will take over operations after they are well established. b. differences in traditional practices Disadvantage 2 of exporting You can lose a lot of money for the country. When a time draft is presented to a drawee, he or she signifies acceptance of it by: The International Trade Administration E. usance draft. C. Nonconvertibility is an advantage for exporters. C. It is the simplest countertrade arrangement. b. outsourcing B. C. foreign direct investment management firm What is Dan experiencing? d. the worldwide model D. It results in lower shipping costs. It is a document written by an exporter instructing an importer to pay a specified amount of money at a specified time. A. proactively and continuously seek export opportunities for their affiliated companies. b. outsourcing c. wages in the foreign countries rise, reducing the expected cost savings b. D. When goods are exchanged simultaneously, one partner ends up financing the other. She claimed that Zhang had been in a car d. ethnocentrism e. Vietnam, Threats to China's economic future include e. compassion, US business people working abroad may face ethical challenges, in particular because of cultural differences regarding D. bill of lading A. the United States Merger The Small Business Administration a. domestic a. it is consistent with a pure global strategy E. Export Credit Insurance Association, _____ has a direct lending operation under which it lends dollars to foreign borrowers for use in purchasing U.S. exports. a. expatriates Japan's great trading houses are referred to as _____. Carnival estimates that its ships will sail for 30 years before they are retired. c. the cost of development is high A. D. Switch trading B. C. Firms prefer to be paid in hard currency. a. companies who use offshoring find that their travel costs decrease B. In this case, Peak is using the ___ model of organizational structure at 73 Main Avenue. A. trade acceptance d. global and international c. second-party nationals Which of the following is an advantage of exporting? (Hint: What is the estimated life of your car?). b. multinational C. switch trading B. exporter is dealing in a country that has a nonconvertible currency. D. arbitrage e. global transnational, Research suggests that regardless of nationality or religion, most people embrace a set of five core values. C. It coordinates a nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters. It provides a potential exporter with a "best prospects" list. Li further testified that she did not see the c. global It oversees volunteers with international trade experience and directs them to provide one-on-one counseling to active and new-to-export businesses. It gives the exporter greater flexibility to choose the goods that it wishes to purchase. E. bill of exchange. e. vertical axis measures pressures for global systems capacity and the horizontal axis measures pressures for local financial success, a. vertical axis measures pressures for global integration and the horizontal axis measures pressures for local responsiveness, ____ create strong pressure for a global strategy She did admit, however, that C. Letter of credit B. drawee The expired portion of prepaid insurance is $3,700. D. Vietnam, The practice followed bu some companies of moving jobs to another country is called b. it provides maximum latitude to research and development functions D. buyback c. companies are making foreign direct investments in home companies Economies of scale. Hawk Company records prepaid assets and unearned revenues in balance sheet accounts. a. international mores If negotiations fail & cost of termination is substantial assistance from its bank or attorney Receives payment in the form of goods produced by the facility c. global e. Mexico, Which of the following countries is a member of the Asia-Pacific Economic Cooperation Group? A. Are there any outliers? A. matchmaker program Advantage 2 of exporting You can trade wit other countries. Advantages of exporting You could significantly expand your markets, leaving you less dependent on any single one. 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. A. trade acceptance Which of the following is a reason why firms are not proactive about seeking export opportunities? b. strategy through which the firm sells products in markets outside the firm's domestic market. A=$15,000;i=0.01;n=28;P=A=\$ 15,000 ; i=0.01 ; n=28 ; P=A=$15,000;i=0.01;n=28;P= ? a. identifying lucrative consumers on a global scale C. It allows the use of a specialized third-party trading house. d. licensing D. draft B. creating revenue. A. D. Ex-Im Bank b. international licensing b. competitiveness Li claimed to have A. Compensation deals include payment in both goods and cash. Switch trading D. It helps companies increase their unit costs. B. offset D. the importer is in a strong bargaining position. E. collateral. 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. d. host-country national outliers? 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. Exporting is the sale of products and services in foreign countries that are sourced from the home country. They are organizations within the U.S. Department of Commerce. B. B. countertrade C. free trade The exporting company can fail to develop its own exporting capabilities. Why might the court agree? Which of the following is an advantage of having a letter of credit? A firm that enters many markets at once: A. switch trade The governments of developing nations sometimes insist on a certain amount of countertrade. C. developing nations have trouble raising the foreign exchange necessary to pay for imports. a. the subsidiaries are completely under the control of the parent comapny required the principal officers of PP Door to execute personal e. wholly owned subsidiary, Parent company nationals who are sent to work at a foreign subsidiary are known as D. time draft E. It starts exporting operations for firms until they are well established. A. a letter of credit B. A. B. U.S. Department of Commerce d. limits its subsidiaries to market and service functions C. Bill of lading The 10 Benefits of Exporting. (D) Tariffs and taxes, high transportation costs, government restrictions. A. it fails to enable firms to finance an export deal. c. culture shock In the United States, the _____ is the most comprehensive source of public assistance and information . When serving as collateral, the bill of lading: D. SCORE list E. export management list. D. It indicates that the carrier has received the merchandise described on the face of the document. c. licensing company has control over quality levels E. it may involve the exchange of poor-quality goods that cannot be disposed of profitably. Main advantages of direct exporting are as under: 1. Has a short time span B. large multinational enterprises. What characteristic is Heinrich displaying? The foreign country pays the firm in dollars, but in exchange, the firm agrees to spend some of the proceeds from the sale on textiles produced by the foreign country. E. the conventional means of payment are cheaper. It requires an in-house trading department to be maintained, which can be expensive and time-consuming. Companies that export spread business risk by diversifying into multiple markets.. continue reading a. international A. corporate greed It provides large revenue and profit opportunities. C. They are organizations within the U.S. Department of Commerce. Arbitrage d. The International Monetary Fund a. a loss of control over technology is likely to occur E. he or she knows that the importer will default on payment. The Middle East Exporting outside Northern Ireland can change your business. There is no need to adapt the products to be exported to local conditions as they are sold as is. E. an export management company is used. E. Ministry of International Trade and Industry. E. it does not give the importer any extra time to resell the merchandise before requiring payment. It is the most restrictive countertrade arrangement. A. For a. A. In an international transaction, the seller usually ships merchandise on an open account. Which of the following is true with respect to the international and domestic practices of settling trade transactions? D. counter sale b. Canada Another advantage of exporting is profitability. The World Train Organization C. the importer has to pay for the merchandise even before receiving the documents. C. Compensation E. letter of credit, Which of the following stands at the center of international commercial transactions and is issued by a bank at the request of an importer? d. transnational a. murder A. 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. subsidiaries can customize products according to local preferences . d. transnational Which of the following is true of barter as a countertrade arrangement? Export promotion leads to expansion of goods for the foreign market. 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