E. collateral. d. bureaucracy A company that is not dependent on a single market is crisis-proof. c. culture shock Uncertain value proposition e. it is inconsistent with a pure global strategy, ___ is an arrangement by which an organization in another country buys the rights to manufacture a company's product in its own country for a negotiated fee Buyer can't chose most competative supplier, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. c. Japan C. inshoring Open the find and replace box in Microsoft Word (the shortcut to do this is Ctrl + H). B. A. delivering the goods immediately. Advantages of exporting You could significantly expand your markets, leaving you less dependent on any single one. d. bribery concerns A. b. bribery 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. e. patenting, An advantage of licensing as a method of entering global competition is that the It protects exporters from the risk that the foreign importer will default on payment. e. wholly owned subsidiary, Parent company nationals who are sent to work at a foreign subsidiary are known as It is unattractive to multinational companies due to its time-consuming and expensive nature. the goods and services cannot be traded for money. e. inpatriates, ___ are natives of a country other than the home country of the host country of an overseas subsidiary A. sogo shosha C. gets the time to learn about each market. B. bill of lading b. strategy through which the firm sells products in markets outside the firm's domestic market. _______ a. Door and its owner, Ping Ying Li. 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. b. outsourcing accident and had asked her to help pay his bills, including the rent lose out on significant opportunities for cost reduction. b. international The following data was used to prepare adjusting entries for Hawk Company as of August 31, the end of the company's fiscal year. B. the Soviet Union d. optimizing global profit 4-7, MKTG 452 - Ch. c. global c. franchising B. single-party drafts and multi-party drafts. China This is an example of which of the following? d. persistence A. Exporting is defined as the sale of products and services in foreign countries that are sourced or made in the home country. 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. B. A. shortening production runs. It is primarily used with trading partners who are not creditworthy or trustworthy. e. reducing costs, Which of the following entry modes do most manufacturing companies use to begin global expansion? 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. D. It helps exporters incur lower shipping costs. Expanding the variety of products for purchase by consumers and business. C. Foreign Credit Insurance Association d. expatriate C. banker's acceptance B. c. Calculate the chi-square test statistic for testing the null hypothesis, part b. C. draft C. Nonconvertibility is an advantage for exporters. Japan's great trading houses are referred to as _____. What is Dan experiencing? Export Legal Assistance Network Countertrade deals are common in large-scale government procurement projects, Countertrade occurs in response to 2 factors a. NAFTA . d. transnational Great Britain Competitive Advantage. Which of the following is one of the five core values? Which of the following is true of the International Trade Administration and the U.S. Commercial Service? A. c. takes on greater development costs B. e. hypocrisy, The disorientation and stress associated with being in a foreign environment is termed b. third-level nationals 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 The Small Business Administration D. filing a suit against the importer in court. C. switch trading Mar 27, 2022 E. barter. a. exporting Advantages/Disadvantages of importing/exporting (A)Small cash outlay, little risk, no adaptation necessary. Write a brief summary of your analysis. Importing is also known as global sourcing. D. Countertrade c. the cost of development is high C. providing a collateral for the amount specified in the bill. E. Compensation, A firm concludes a counterpurchase agreement with a foreign country for which it receives some counterpurchase credits for purchasing its goods. Your research and development budget could work harder as you can change existing products to suit new markets.. view details d. submission a. individualism d. Panasonic B. large multinational enterprises. Exporters often face voluminous paper work, complex formalities, and many potential delays and errors. b. the franchisor has to put in a large amount of capital Seller agrees to a set price & receives cash from buyer D. offset A. Barterthe oldest form direct exchange of goods without any money The lessor a. global and transnational a. expatriates d. Germany In international commerce, a party initiating a draft is known as the _____. e. ASEAN, Which of the following is a major exporter of petroleum, or oil? E. It does not require the importer to pay any fee. The importer does not have to pay for the merchandise until the documents have arrived. C. developing nations have trouble raising the foreign exchange necessary to pay for imports. A. can be used to advance funds to the exporter by its local bank before or during shipment. A. corporate greed Countertrade occurs when the: B. 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 _____. It gives a firm a way to finance an export deal when other means are not available. Which of the following is true of a letter of credit in international trade? 2. E. It is not an acceptable means of trading in most developing countries. d. inpatriates b. international model the conventional means of international trade are difficult. Carnival estimates that its ships will sail for 30 years before they are retired. C. Offset c. entering a joint venture d. China E. buyback. C. International Trade Administration Less common today, but still exercised in straightforward, one-shot deals They are private organizations that assist U.S. exporters. e. Mexico, Which of the following countries is a member of the Asia-Pacific Economic Cooperation Group? D. It involves huge cash transactions. Advantages of exporting You could significantly expand your markets, leaving you less dependent on any single one. C. In a domestic transaction, a draft is used to settle trade transactions. B. d. Mexico the sole owner of PP Door but denied that Zhang was its manager. b. It is a very complex arrangement. Department of Commerce 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. This example fits into which category of pressures for local responsiveness? D. Barter Advantages of exporting You could significantly expand your markets, leaving you less dependent on any single one. b. C. It gives a firm a way to finance an export deal when other means are not available. At trial, Li testified that she was D. letter of credit E. export management list. c. entering overseas markets B. e. global market integration, The model in which managers use their organization's existing core capabilities to expand into foreign markets is called the ____ model. monthly payments, 73-75 Main Avenue filed a suit against PP b. Canada c. work for fewer hours C. have offices concentrated in the business district of Tokyo. B. drawee B. countervailing duty c. global B. exporter is dealing in a country that has a nonconvertible currency. C. Letter of credit The lack of a letter of credit exposes the exporter to the risk that the foreign importer will default on payment. C. International Trade Veteran's Group D. insourcing a. international E. letter of credit, When a time draft is drawn on and accepted by a business firm, it is known as a(n) _____. B. offset D. Sight draft d. political demands by host countries b. outsourcing e. sales practices are uniform from country to country, a. consumer tastes and preferences differ significantly, When One-World Fashion tries to open its clothing stores in a new country, it learns that local rules require a certain percentage of its products to be manufactured locally. The mission of the _____ is to provide financing aid that will facilitate exports, imports, and the exchange of commodities between the United States and other countries. a. cannot easily transfer core skills among international operations e. the multinational model, In order to achieve cost economies, Peak Manufacturing bases its production plants in Mexico and gets its engineering services from skilled workers in Japan. Compensation deals include payment in both goods and cash. E. export-import program, The _____ is a government organization that helps potential exporters. Which of the following is an advantage of export credit insurance? C. title drafts and quantity drafts. There is no need to adapt the products to be exported to local conditions as they are sold as is. A. They are organizations within the U.S. Department of Commerce. d. high transportation costs e. transnational, Which of the following companies is an example of a transnational company? d. universal needs Which of the following is true of exporting? D. It provides export specialists who act as the export marketing departments or international departments for their client firms. D. Nonconvertibility implies that the exporter will only be paid in his or her home currency. e. India, Which of the following is a reason that companies adopt a common global strategy? She claimed that Zhang had been in a car C. zaibatsu 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. United Nations When PP Door failed to make he often complains that Africans do not have the efficiency or punctuality of Germans. Why do you think Carnival estimates that its ships will be used for only 30 years? B. offset D. The United States has not yet evolved an institutional structure for promoting exports similar to that of Germany. outliers? A. could gain from importing include the potential lowering of costs of goods sold. D. Bureau of Competition C. Securitization Apparently, both the lessor and the When a time draft is presented to a drawee, he or she signifies acceptance of it by: d. there is a high amount of political risk A. counterpurchase E. It usually involves the exchange of high-quality goods that a firm can dispose of profitably. 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