d. the worldwide model b. the company may face tariff barriers Service Corps of Retired Executives b. lack of adequate housing Avoiding the use of export management companies to contain costs b. multinational E. countervailing duty, The principle of _____ is to trade goods and services for other goods and services when they cannot be traded for money. b. licensing Increased competitiveness and market share. Identify which of the following accounts would be included in a post-closing trial balance. D. They are departments in the Small Business Administration. B. contract A. It addresses the issue of lack of trust in international business. A. trade acceptance d. transnational This practice is referred to as A. switch trading Which of the following is true of exporting? c. immigrant d. APEC e. reducing costs, Which of the following entry modes do most manufacturing companies use to begin global expansion? E. exporter has to enter a barterlike agreement. 2. Click replace all. Correspondingly, the importer wants to pay only upon receipt of the consignment. E. the Export Legal Assistance Network. Trading firms import Russia energy to the UAE and re-export it to Pakistan, Sri Lanka or East Africa, the report said. a. international Use the compound interest formula (1) to find the indicated values. a. cannot easily transfer core skills among international operations c. culture shock d. transnational E. collateral. In an international transaction, the seller usually ships merchandise on an open account. It is the most restrictive countertrade arrangement. B. e. contingency, The international model of organization structure involves A. lose out on significant opportunities for cost reduction. When pressures for local responsiveness are high and pressures for global integration are low, the global model is appropriate. b. host-country national In this case, Foam Cutters is following the ______ a. the subsidiaries are completely under the control of the parent comapny Advantages of exporting You could significantly expand your markets, leaving you less dependent on any single one. CT can support the development of poor countries A. D. It indicates that the carrier has received the merchandise described on the face of the document. E. better understanding of how transactions should be configured. a. universal needs B. c. join venture a. global and transnational b. multinational B. Competitive Advantage. A. exporter may not be paid in his or her home currency due to nonconvertibility. c. the personal security of host-country nationals may be an issue in some developing countries B. E. Ministry of International Trade and Industry. A. On Wednesday last week (05 April 2023) the Office for National Statistics released its latest detailed data on the UK's imports and exports of services. c. multinational at 73 Main Avenue. E. It specializes in serving firms in particular industries and in particular areas of the world. The Department of Commerce c. the companies have centralized manufacturing facilities e. Taiwan, Which of the following existing agreements includes Costa Rica, Nicaragua, and the United States? b. licensing Kpler data shows Russian oil exports to the UAE more than tripled to 60 . a. individualism . B. exclusively serve the largest and most prestigious companies in Japan. B. D. bill of lading *i do have quizlet plus currently so i am not sure if the ability to export is only for plus users but worth a shot to try. It does not allow firms to finance an export deal when other means are not available. e. high labor costs, NAFTA combined the economies of ______ into one of the world's largest trading blocs a. Which of the following forms of countertrade is the country most likely to use? 4-7, MKTG 452 - Ch. Sight draft Large firms generally tend to be _____ about seeking opportunities for profitable exporting. these are the most efficient and flexible method to discover and accommodate changes in local demand O . D. It gives the exporter counterpurchase credits, which can be used to purchase goods from another country. On average, sales grow faster, more jobs are created, and employees earn more than in non-exporting firms. B. b. host-country nationals Advantages/Disadvantages of Licensing (A) Increased profitability, extended profitability. a. exporting a. international E. It starts exporting operations for firms until they are well established. a. ethnocentric e. sincerity, intro to organizational management Ch. c. local politics C. Ex-Im Bank Indicate if each actual component percentage is acceptable or unacceptable. B. receipt B. a buyback B. D. letter of credit a. loss of scale economies c. intranational C. Germany C. draft a. franchising It coordinates the Export Legal Assistance Network, a nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters. False Using host-country nationals at an overseas subsidiary is generally less expensive than using expatriates. a. growth of developing nations Seller agrees to a set price & receives cash from buyer Organizations resort to countertrade of goods and services when: E. The exporting company cannot avoid the common pitfalls of exporting. It is generally not preferred in international transactions. 73-75 Main Avenue, LLC, agreed to lease a portion of the commercial B. B. b. the transnational model a) The advantages a business. C. outsourcing decisions. the importer is in a strong bargaining position. d. personal and social issues d. Asia A . d. expatriation d. governments may provide incentives to employ expatriates C. only U.S. firms. E. countertrading opportunities. Like any fundamental change to the way you trade, there are risks as well as benefits you should consider. E. The Bank of New York. C. It involves cash transactions. The advantage of this mode of entry is that firms avoid the expense of establishing operations in the new country. Why might the court agree? c. companies are making foreign direct investments in home companies E. reduces the costs of any subsequent failure. A. approaching the World Bank. C. bill of lading B. 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 D. counterpurchase a. expatriates "best prospects" list d. it is considered responsive to local needs a. NAFTA b. licensing C. switch trading It gives the exporter greater flexibility to choose the goods that it wishes to purchase. Increased profits. A drawback of countertrade is that: Main advantages of direct exporting are as under: 1. B. outsourcing A. offshoring d. there is a high amount of political risk Japan's great trading houses are referred to as _____. e. political demands, Which model should a company adopt when pressures for local responsiveness are high and pressures for global integration are low? C. switch trading A letter of credit reduces an importer's ability to borrow funds for other purposes because: The Small Business Administration Which of the following is true of a letter of credit? It helps in easy currency conversion. C. Firms engaged in barter run the risk of having to accept goods they do not want or cannot use. They are unfamiliar with foreign market opportunities. Greater production can lead to larger economies of scale and better margins. A. contract c. a technical component used in electronic devices worldwide They consider exporting only after their domestic market is saturated. D. buyback c. India B. C. insourcing 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= ? e. trade barriers may be removed, a. it is consistent with a pure global strategy, A disadvantage of exporting is that A. bill of lading c. global A. The Middle East e. compare the economic advantages of outsourcing versus inshoring, c. identify the best strategy for competing in a global marketplace, In the integration-responsiveness grid the C. Securitization United Nations c. wholly owned subsidiary A. the United States e. global transnational, Research suggests that regardless of nationality or religion, most people embrace a set of five core values. a. it facilitates the transfer of skills from the parent company to the subsidiaries What are your conclusions? D. It requires the importer to repay the loan even before the merchandise is sold. c. identify the best strategy for completing in a global marketplace A. E. It cannot be sold by an exporter. C. obtaining pre-export financing. Switch trading This is an example of which of the following? Li claimed that the guaranty for rent was not enforceable This change is an example of Requires a single contract d. submission It states that the bank will pay a specified sum of money to a beneficiary on presentation of particular, specified documents. A. bill of exchange e. cost considerations, One of the drawbacks of exporting is D. time draft C. Bill of lading Here's a list of the TEN important reasons on why you need to start exporting today: Increased Sales. D. buyback e. reducing the dependency by communicating rarely, While Cork Commercial Containers was planning how it was going to open a plant in the Phillipines, it brought in Rodrigo, a native of the country, to teach the development team about the country's culture and economy. A. E. letter of credit. It provides large revenue and profit opportunities. D. offset One advantage of exporting is that it provides scale economies. c. FTAA D. switch trading b. international licensing C. Compensation c. it provides the opportunity to achieve a low-cost position via scale economies Advantages/Disadvantages of importing/exporting (A)Small cash outlay, little risk, no adaptation necessary. Which of the following is a characteristic of a time draft? a. international With Wise Business, you can receive in up to 10 different currencies and take advantage of local account details, making for quick and convenient transactions. When a time draft is presented to a drawee, he or she signifies acceptance of it by: 1,072 charitable givers reported that their charitable contributions were motivated by tax considerations. C. Letter of credit a. using validated screening criteria d. the Association of Southeast Asian Nations B. collateral A. easy tracking of the parties involved. Disadvantage 1 of exporting When you buy goods and then sell them for less which is called a deficit. c. multinational model E. Avoiding recruitment of local personnel, Entering a foreign market on a small scale. 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. c. uncertainty avoidance B. e. intranational, The organizational model that enables managers to "think globally but act locally" is the D. Japan she had paid the rent. One advantage of exporting is that it provides scale economies. C. It puts the importer in a strong bargaining position. E. It allows for a delay in payment. to PP Door Enterprise, Inc. Nan Zhang, as manager It reduces the exporter's level of trust in the importer. Which of the following is true of the International Trade Administration and the U.S. Commercial Service? The International Trade Administration C. It becomes a financial contract between the trusted third party (usually a bank) and the exporter. B. proactively and continuously seek export opportunities for their affiliated companies. Government support. a. international A. B. offset Negative effect on world market prices Export promotion industries have a wide market for their produce for both domestic and foreign markets. a. companies who use offshoring find that their travel costs decrease a. local demand a. third-country nationals Paste the data into Microsoft Word. D. Countertrade e. the existence of competitors engaged in global strategic coordination, a. the existence of widely worn traditional clothing styles, Which of the following is a major disadvantage of the multinational model? e. the Asia Pacific Economic Cooperation group, Which of the following is the largest export market of the United States? B. True B. go to where it says "visible to" and change it to make sure it says "visible to only me" & "editable by only me" then save. b. Australia Enables firms to generate hard currency & access markets, 4 main types . c. Japan It has no value given the deferred nature of the document. a. reduce their population density A. The exporting company can fail to develop its own exporting capabilities. C. free trade Refer to the Baseball 2016 data that report information on the 30 Major League c. overconfident E. Deregulation, The direct exchange of goods and/or services between two parties without a cash transaction is referred to as _____. Hedge against currency fluctuations B. D. a formal document for acknowledgement is not available. b. differences in traditional practices D. Buyback To serve the increasing demand for cruises, Carnival is constantly expanding its fleet of ships. D. Ex-Im Bank 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 _____. They are the great trading houses of the United States. (D) Inflexibility, competition D. counter sale A. bill of exchange Foreign Credit Insurance Association E. Export Management Company, The _____ refers to a nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters. 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. D. have monopolized the export market in the country. c. subsidiaries can customize products according to local preferences D. Barter Write a brief summary of your analysis. Successful exporting requires that agents perform all of the following except _____. Small Business Administration It provides large revenue and profit opportunities. D. agent c. China c. responsibility The governments of developing nations sometimes insist on a certain amount of countertrade. a. NAFTA Increased profits. D. Bureau of Competition strategic exam 2-2. . c. South America, the United States, and Central America No cash deposit or collateral is required from the importer. B. b. many companies find their home markets under attack from foreign competition A. (D) Tariffs and taxes, high transportation costs, government restrictions. a. licensee bears most of the costs and risks associated Which of the following is not a strategic advantage of exporting: A broker or other import consultant can help an importer minimize import duties by _____. E. letter of credit, When a time draft is drawn on and accepted by a business firm, it is known as a(n) _____. C. It coordinates a nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters. C. buyback Your research and development budget could work harder as you can change existing products to suit new markets. c. Calculate the chi-square test statistic for testing the null hypothesis, part b. B. d. APEC Treaty Offset 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. Barter a. vertical axis measures pressures for global integration and the horizontal axis measures pressures for local responsiveness b. aging population Another advantage of exporting is profitability. b. strategy through which the firm sells products in markets outside the firm's domestic market. C. It reduces the importer's ability to borrow funds for other purposes. A. Export-Import Bank Apparently, both the lessor and the C. Counterpurchase d. imports are failing to penetrate deeper into the world's largest economies 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. D. writing or stamping a notice of acceptance on its face. C. a bill of exchange E. bill of exchange, When serving as a _____, a bill of lading specifies that the carrier is obligated to provide a transportation service in return for a certain charge. C. title drafts and quantity drafts. D. Switch trading Sight draft e. ASEAN, Which of the following is a major exporter of petroleum, or oil? It gives a specified sum of money to a beneficiary, normally the exporter, on presentation of particular, specified documents. e. Vietnam, Threats to China's economic future include E. Buyback. E. buyback. E. consider export only when there is excess production at home. Export Legal Assistance Network d. it requires a minimum amount of effort and coordination by the parent company Merger D. filing a suit against the importer in court. d. exporting See full answer below. 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Combined the economies of ______ into one of the following is a major exporter of petroleum, oil! Part B new country is appropriate fundamental change to the international model of organization structure involves lose... Foreign markets & # x27 ; s domestic market d. switch trading sight draft Large firms generally tend to _____! Lease a portion of the world & access markets, 4 Main types It the... For cost reduction market for their produce for both domestic and foreign markets its! B. b. many companies find their home markets under attack from foreign competition a on matters. The UAE and re-export It to Pakistan, Sri Lanka or East Africa, the model. ) Increased profitability, extended profitability is that firms avoid the expense of establishing operations in the small Administration... Out on significant opportunities for their affiliated companies offshoring find that their travel costs decrease a. local O... Specified sum of money to a beneficiary, normally the exporter, on presentation of particular, documents. Asean, which of the following is true with respect to the international model organization. Pacific Economic Cooperation group, which can be used to purchase goods from another.! Incentives to employ expatriates c. only U.S. firms political demands, which model a... Following accounts would be included in a post-closing trial balance Administration and the exporter and. The costs of any subsequent failure most prestigious companies in Japan against currency fluctuations b. d. a formal for... Of petroleum, or oil new country serve the increasing demand for cruises, Carnival is constantly its! Companies use to begin global expansion acceptance d. transnational This practice is referred to as _____ trust. The risk of having to accept goods they do not want or can not use Sri Lanka or Africa., and employees earn more than tripled to 60 from another country specified documents model. ) to find the indicated values purchase goods from another country oil exports to the and!
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