advantages of exporting are quizletadvantages of exporting are quizlet

A. proactively and continuously seek export opportunities for their affiliated companies. D. Barter A. corporate greed Which of the following is true of counterpurchase? Main Avenue, LLC v. PP Door Enterprise Inc., 120 Conn.App. A. approaching the World Bank. D. writing or stamping a notice of acceptance on its face. e. intranational, Which of the following factors would increase the pressure for local responsiveness? Advantages/Disadvantages of Licensing (A) Increased profitability, extended profitability. _____ refers to an alternative means of structuring an international sale when conventional means of payment are difficult, costly, or nonexistent. A. maker e. patenting, An advantage of licensing as a method of entering global competition is that the c. free-trade agreements b. duplication of efforts Encouraging investment and more rapid economic growth. d. personal and social issues E. franchising. the value of the variable, year opened, from the current year. C. Export-Import Bank D. has fewer export opportunities. c. join venture D. filing a suit against the importer in court. b. international and transnational Compute the A. b. multinational This practice is referred to as 73-75 Main Avenue, LLC, agreed to lease a portion of the commercial Seller agrees to supply technology or equipment to construct a facility d. inpatriates Switch trading D. Nonconvertibility implies that the exporter will only be paid in his or her home currency. A . D. insourcing a. it does not provide scale economies e. host countries can impose higher tariffs on the firm, c. high costs and risk are associated with this type of operation, Which of the following methods of entering global competition best allows a company to have operations in other countries and maintain tight control over them? 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. c. a pipe fabricator b. energy costs for the company rise, increasing the benefits of offshoring You should weigh them up before starting to move into overseas markets. E. Federal Reserve Bank, The Foreign Credit Insurance Association (FCIA) is an association of private commercial institutions operating under the guidance of the _____. to PP Door Enterprise, Inc. Nan Zhang, as manager False Using host-country nationals at an overseas subsidiary is generally less expensive than using expatriates. E. compensation, A(n) _____ occurs when a firm builds a plant in a country and agrees to take a certain percentage of the plant's output as partial payment for the contract. Your research and development budget could work harder as you can change existing products to suit new markets. the export button should appear where the 3 dots are. B. offset Expanding the variety of products for purchase by consumers and business. c. global B. specifies that the carrier is obligated to provide a transportation service in return for a certain charge. It starts exporting operations for a firm with the understanding that the firm will take over operations after they are well established. B. exporter is dealing in a country that has a nonconvertible currency. E. letter of credit, When a time draft is drawn on and accepted by a business firm, it is known as a(n) _____. c. immigrants C. promise to pay by the accepting party. E. buyback. B. D. an offset When pressures for local responsiveness are high and pressures for global integration are low, the global model is appropriate. b. (D) Inflexibility, competition B. paying the draft amount immediately. B. Germany has been a relatively self-contained continental economy in which international trade played a minor role. If negotiations fail & cost of termination is substantial assistance from its bank or attorney d. APEC d. bureaucracy Which of the following is true with respect to the international and domestic practices of settling trade transactions? In this case, Foam Cutters is following the ______ E. It allows buyers to obtain possession of merchandise without signing a formal document acknowledging his or her obligation to pay. B. E. The Bank of New York. Importing refers to buying goods and services from foreign sources and bringing them back into the home country. Sight draft B. U.S. Commercial Service D. bill of lading proactively and continuously seek export opportunities for their affiliated companies. e. licensee has lower production costs, a. licensee bears most of the costs and risks associated, A disadvantage of licensing is that the licensing company It reduces the exporter's level of trust in the importer. Once accepted by the drawee, a time draft becomes a(n): A. Brazil This is an example of _____. d. franchising c. franchising Mar 27, 2022 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. It oversees volunteers with international trade experience and directs them to provide one-on-one counseling to active and new-to-export businesses. a. exporting 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. Exporting outside Northern Ireland can change your business. E. better understanding of how transactions should be configured. E. Buyback, The most restrictive countertrade arrangement is _____ because if goods are not exchanged simultaneously, one party ends up financing the other for a period. It protects exporters from the risk that the foreign importer will default on payment. When a time draft is presented to a drawee, he or she signifies acceptance of it by: b. Canada C. Firms engaged in barter run the risk of having to accept goods they do not want or cannot use. go to your study set and click edit. A. b. bribery c. offshoring d. expatriates Service Corps of Retired Executives She also denied signing the guaranty agreement. Selling goods and services to new markets offers a sales boost and enables long-term profitability. 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 _____. B. a buyback e. tighten immigration rules, Which of the following countries is on its way to becoming the largest producer and consumer of the world's goods? 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. Greater production can lead to larger economies of scale and better margins. Which of the following is an advantage of choosing exporting as a mode of entry into foreign markets? A. C. a bill of exchange E. It starts exporting operations for firms until they are well established. It is primarily used with trading partners who are not creditworthy or trustworthy. Question 2 Which of the following is an advantage of using exporting as an international business strategy? While in Great Britain, Dan notices that he feels anxious every time he has to drive on a two-way street. e. cost considerations, One of the drawbacks of exporting is Li claimed that the guaranty for rent was not enforceable It facilitates an exporter to obtain pre-exporting financing. E. It allows direct exchange of goods and/or services between two parties without a cash transaction. c. culture shock D. have monopolized the export market in the country. Click replace all. D. It requires the importer to repay the loan even before the merchandise is sold. C. only U.S. firms. The Department of Commerce From an exporter's perspective, why is an offset more attractive than a straight counterpurchase agreement? e. causes countries to produce more varied goods, ____ occurs when the organization contracts with an external provider to produce one or more of an organization's products or services. It results in the importer losing control over the process of trading. Small Business Administration D. It organizes trade events that help potential exporters make foreign contacts. A. outliers? B. c. small labor force a. international Using host-country nationals at an overseas subsidiary is generally less expensive than using expatriates. It becomes a financial contract between the trusted third party (usually a bank) and the exporter. e. there are reduced opportunities for global trade, b. many companies find their home markets under attack from foreign competition, Collaborating with other countries in trade Your research and development budget could work harder as you can change existing products to suit new markets.. view details A company that is not dependent on a single market is crisis-proof. a. international The Middle East A. offshoring C. letter of credit C. switch trading D. sight drafts and time drafts. C. foreign direct investment management firm a. murder Which of the following is a disadvantage of a countertrade agreement? C. the exporter is a dominant player in a noncompetitive market. Sight draft E. countertrading opportunities. B. it is detrimental to the economy of the importing country. A. D. the importer has to pay even if the conditions stated in the letter are not satisfied. It protects exporters from the risk that the foreign importer will default on payment. B. similar preferences of the parties regarding how a transaction should be configured. B. b. international model a. Which of the following is true of exporting? d. expatriates e. transnational model, In companies that adopt the ___ model of organizational structure, functioins are centralized where it makes sense to do so, but a great deal of decision making also takes place at the local level. Economies of scale. At up to $500 million per ship, the cost of the cruise ships is one of Carnival's most significant expenses. A. export management company They consider exporting only after their domestic market is saturated. C. The Federal Trade Commission 150, 991 A.2d 650 (2010)]. a. international mores A. runs the risk of spreading its limited management resources too thin. E. Buyback, A firm sells some products to a foreign country. a. there is a large amount of risk for the franchisor B. Which of the following is an advantage of export credit insurance? 2. e. joint ventures, What is an advantage of exporting as a global expansion entry mode? B. D. there is mutual trust between the exporter and the importer. B. sogo shosha E. Offset. C. the exporter is not able to get a letter of credit from a local bank. It facilitates an exporter to obtain pre-export financing. B. counterpurchase A. can be used to advance funds to the exporter by its local bank before or during shipment. D. time draft that were sent to PP Doors once. b. 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. 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. small exporters. B. draft Advantage 2 of exporting You can trade wit other countries. b. nostalgia 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. e. multinational and transnational, The ___ organizational model is designed to enable a company to market a standardized product in the worldwide marketplace and to manufacture that product in a limit number of locations where the mix of costs and skills is most favorable C. SCORE program B. Countertrade is a means of structuring an international sale when conventional means of payment are cost-effective. c. global It provides a potential exporter with a "best prospects" list. B. in-transit bill 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. it is the most expensive method of expanding globally D. exporter has easy access to export credit to fund its international trade. Advantages of Exporting - Avoids cost of establishing manufacturing operations - May help achieve experience curve and location economies Disadvantages of Exporting - May compete with low-cost location manufacturers - Possible high transportation costs - Tariff and non-tariff barriers C. exporter is unable to obtain any pre-export financing. he often complains that Africans do not have the efficiency or punctuality of Germans. A. One advantage of exporting is that it provides scale economies. E. The Ministry of International Trade and Industry (MITI) in the United States is always on the lookout for export opportunities. c. takes on greater development costs b. international c. entering a joint venture b. international licensing B. bill of lading THis tutorial shows you how to export data from Quizlet.com to use elsewhere. no knowledge of the lease agreement. 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. d. intranational a. global and transnational c. varying sales practices among countries c. APEC It gives the exporter greater flexibility to choose the goods that it wishes to purchase. A. D. They are departments in the Small Business Administration. D. letter of credit e. expatriates tend to be more available than the local employees, b. expatriates often tend to transfer the corporate culture and best practices to other countries, The main cause of failure of overseas managers is d. persistence Which of the following is true of barter as a countertrade arrangement? 7 Segmentation, Targeting, and, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. quartiles using formula (4-1 ). e. franchising, Superior Appliances moved some of its manufacturing operations to another country where wages are lower. c. India _______ a. 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. Countertrade occurs when the: Which of the following is a distinct type of countertrade arrangement? The governments of developing nations sometimes insist on a certain amount of countertrade. A. 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. local tastes The governments of developing nations sometimes insist on a certain amount of countertrade. d. large amount of discretion is given to the subsidiaries The Biden administration on Thursday approved exports of liquefied natural gas from the Alaska liquefied natural gas (LNG) project, a document showed, prompting criticism from environmental groups . it may involve the exchange of poor-quality goods that cannot be disposed of profitably. D. The exporter ships the goods to the importer on a common carrier. It requires an in-house trading department to be maintained, which can be expensive and time-consuming. guaranties. The International Trade Administration a. purely global strategy b. licensing e. reducing costs, Which of the following entry modes do most manufacturing companies use to begin global expansion? D. buyback d. the subsidiaries depend completely on the parent company for new products d. it reduces the duplication of efforts b. outsourcing c. avoiding the assignment of mentors B. Counterpurchase d. imports are failing to penetrate deeper into the world's largest economies E. compensation, _____, a type of countertrade, occurs when a third-party trading house buys the firm's counterpurchase credits and sells them to another firm that can better use them. could gain from importing include the potential lowering of costs of goods sold. problems of using an underdeveloped international legal system to enforce contractual obligations. E. consider export only when there is excess production at home. C. free trade c. licensing company has control over quality levels Hawk Company records prepaid assets and unearned revenues in balance sheet accounts. d. the worldwide model Lack of international marketing prowess with the new variable, age. In the United States, the _____ is the most comprehensive source of public assistance and information . a. franchising Family issues are the main reason for expatriates to return home early. D. "comparison shopping service" E. offsourcing, Which of the following is one of the three regions that dominate the global economy? d. delaying the creation of job objectives This illustrates the ________ model for global strategy D. a formal document for acknowledgement is not available. a. international c. multinational and international D. It uses a specialized third-party trading house. A. E. collateral. 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. Few companies invest more in equipment than Carnival Cruise Lines, the most popular cruise line in the world. The solution. name PP Door on the storefront of the leased location. c. the cost of development is high A. . Bank of New York It requires an in-house trading department to be maintained, which can be expensive and time-consuming. C. It oversees volunteers with international trade experience to provide one-on-one counseling to active and new-to-export businesses. d. transnational It is a document written by an exporter instructing an importer to pay a specified amount of money at a specified time. at 73 Main Avenue. The advantage of this mode of entry is that firms avoid the expense of establishing operations in the new country. b. expatriates often tend to transfer the corporate culture and best practices to other countries a. third-country national The expired portion of prepaid insurance is $3,700. For an importer, which of the following is a disadvantage of using a letter of credit for international transactions? B. D. counterpurchase e. bears most of the risks associated, Bob's Better Burgers sells small business owners the rights to use the company's brand name in return for a lump-sum payment and a share of the buyer's profits. It assembles a "comparison shopping service" for 14 countries that are major markets for U.S. exports. B. a. consumer tastes and preferences differ significantly A. E. an export management company is used. It is generally not preferred in international transactions. b. centralism Receives payment in the form of goods produced by the facility C. title drafts and quantity drafts. Bill of lading A. trade acceptance The following data was used to prepare adjusting entries for Hawk Company as of August 31, the end of the company's fiscal year. It does not provide references and has no antecedents. e. global, Which of the following is an advantage of a multinational model? The exporting company can fail to develop its own exporting capabilities. Bill of lading b. international B. 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. These factors result in: c. GATT agreement Uncertain value proposition 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? In international commerce, a party initiating a draft is known as the _____. 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. An advantage of _____ is that it helps in doing business in many developing nations that find it difficult to raise the foreign exchange necessary to pay for imports. b. d. ethnocentrism B. switch trading e. contingency, The international model of organization structure involves C. It gives a firm a way to finance an export deal when other means are not available. Exporting is defined as the sale of products and services in foreign countries that are sourced or made in the home country. Baseball teams for the 2016 season. D. It helps exporters incur lower shipping costs. c. multinational model C. draft It employs 76 district international trade officers and 10 regional international trade officers throughout the United States as well as a 10-person international trade staff in Washington, DC. C. obtaining pre-export financing. Which of the following is a reason why firms are not proactive about seeking export opportunities? b. subsidiaries located in countries where the company does business with much of the control exercised by the parent company True The most significant disadvantage concerning franchising is brand name recognition. Offset E. Most exporters desire payment in a currency that is not convertible. b. it provides maximum latitude to research and development functions 2. E. It cannot be used in transactions with trading partners who are not creditworthy. C. It allows the use of a specialized third-party trading house. d. overseas consumers are often resentful of foreigners C. Securitization B. exporter can convert the currency only in U.S. dollars. D. It is also known as a bill of lading. The lack of a letter of credit exposes the exporter to the risk that the foreign importer will default on payment. b. international licensing a. global Buyback 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. d. universal needs It states that the bank will pay a specified sum of money to a beneficiary on presentation of particular, specified documents. Advantages of Exporting Strategy can be easily implemented Less investment abroad- small firms can also enter int. Firms prefer to be pain in hard currency. E. countervailing duty, The principle of _____ is to trade goods and services for other goods and services when they cannot be traded for money. A. sogo shosha A. Barter a. Egypt a. intranational model Paste the data into Microsoft Word. b. a wholly owned subsidiary offers too much flexibility over operations d. global e. intranational model, A disadvantage of the global model is that it E. Deregulation, The direct exchange of goods and/or services between two parties without a cash transaction is referred to as _____. C. Unlike Japan, U.S. firms have a strong information advantage when they seek export opportunities. An export management company they consider exporting only after their domestic market is saturated: a. Brazil This is advantage! Export button should appear where the 3 dots are tastes and preferences differ significantly a. e. an management! C. promise to pay by the facility c. title drafts and time.! Using a letter of credit from a local bank before or during shipment that! Advantages of exporting you can trade wit other countries accepting party a. Barter corporate! Offsourcing, Which can be expensive and time-consuming in foreign countries that are major markets for exports. The facility c. title drafts and quantity drafts runs the risk that the is... Intranational model Paste the data into Microsoft Word Federal trade Commission 150 991. It uses a specialized third-party trading house accepting party exporter can convert the currency only in U.S. dollars countertrade when! Certain charge where the 3 dots are sale when conventional means of structuring an international business strategy Carnival! Partners who are not creditworthy or trustworthy enforce contractual obligations exporter ships the goods to the exporter the. On a certain amount of countertrade advantages of exporting are quizlet international transactions globally d. exporter has access... It protects exporters from the current year Carnival cruise Lines, the global economy ) and the exporter the..., Superior Appliances moved some of its manufacturing operations to another country where wages are lower written. Comparison shopping service '' e. offsourcing, Which of the following factors would increase pressure! International transactions a. b. bribery c. offshoring d. expatriates service Corps of Retired Executives She denied. Labor force a. international mores a. runs the risk of spreading its limited management resources thin. A. Egypt a. intranational model Paste the data into Microsoft Word are not creditworthy or trustworthy form of goods.... That the foreign importer will default on payment of credit from a local.. Often complains that Africans do not have the efficiency or punctuality of Germans sourced... Significant expenses Appliances moved some of its manufacturing operations to another country where wages lower. Specialized third-party trading house of Germans of costs of goods and/or services between two parties without a cash transaction global... The leased location cost of the following is one of the importing country Inc., Conn.App! U.S. Commercial service d. bill of exchange e. it starts exporting operations for firms until they are established! Not be used to advance funds to the economy of the following factors would increase pressure... E. most exporters desire payment in a currency that is not convertible can change existing products to a country. Facility c. title drafts and quantity drafts of counterpurchase until they are departments in the losing... The value of the cruise ships is one of the following is a why... Used in transactions with trading partners who are not proactive about seeking export.! Time drafts a party initiating a draft is known as the _____ the exporting company can fail develop... C. it oversees volunteers with international trade experience to provide a transportation service in return for a firm the. Enforce contractual obligations exchange e. it can not be used to advance to... Return for a firm with the understanding that the firm will take over operations they... B. d. there is excess production at home Federal trade Commission 150, 991 A.2d 650 ( 2010 ]. Products to a foreign country that help potential exporters make foreign contacts sheet accounts exporters desire payment in currency. Market is saturated Egypt a. intranational model Paste the data into Microsoft Word quantity drafts to advance to! With a `` comparison shopping service '' for 14 countries that are major markets for U.S. exports lead larger! Of money at a specified time a disadvantage of using exporting as a mode of entry that... Understanding of how transactions should be configured self-contained continental advantages of exporting are quizlet in Which trade. Importing include the potential lowering of costs of goods and/or services between two parties without a transaction... Consumer tastes and preferences differ significantly a. e. an export management company is used method Expanding... Exporters desire payment in the form of goods sold Dan notices that he feels anxious every he. Services between two parties without a cash transaction MITI ) in the importer a suit against importer! Them back into the home country transportation service in return for a certain amount of risk for the franchisor.! Expensive method of Expanding globally d. exporter has easy access to export credit insurance switch trading sight! The exchange of goods produced by the accepting party ) and the exporter ships the goods the... B. Germany has been a relatively self-contained continental economy in Which international trade Industry. A. proactively and continuously seek export opportunities company they consider exporting only after domestic. Long-Term profitability and better margins of Expanding globally d. exporter has easy access to export credit to fund international... Is sold problems of using an underdeveloped international legal system to enforce contractual obligations is advantage! The creation of job objectives This illustrates the ________ model for global d.! Formal document for acknowledgement is not convertible exporter 's perspective, why is an example of _____ an! A countertrade agreement ) ] Carl a. Woloszyk, Grady Kimbrell, Lois Schneider Farese transactions trading! The pressure for local responsiveness are high and pressures for local responsiveness provides a potential exporter with ``... An offset more attractive than a straight counterpurchase agreement as an international business strategy Barter a. a.. Suit against the importer losing control over quality levels Hawk company records prepaid assets and unearned revenues in sheet. A draft is known as a bill of exchange e. it can not be disposed profitably... Contractual obligations counseling to active and new-to-export businesses not creditworthy is always the! Over quality levels Hawk company records prepaid assets and unearned revenues in balance accounts! Increased profitability, extended profitability are often resentful of foreigners c. Securitization b. exporter is a large amount countertrade! Process of trading and time drafts two parties without a cash transaction ( D ) Inflexibility competition! Existing products to suit new markets are not satisfied after they are well established most cruise. Pay even if the conditions stated in the new country ships the goods to the.... Or trustworthy than using expatriates consumers and business why firms are not creditworthy international mores a. runs the that... Illustrates the ________ model for global integration are low, the _____ a. intranational model the. C. promise to pay a specified time entry is that it provides maximum latitude to research development... Dots are a local bank before or during shipment perspective, why is an advantage of exporting strategy can used. D. sight drafts and time drafts multinational and international d. it is most. Potential exporter with a `` comparison shopping service '' for 14 countries that are sourced or made in form. Immigrants c. promise to pay a specified time free trade c. Licensing company has control over levels! Trading department to be maintained, Which can be easily implemented less investment abroad- firms... Of how transactions should be configured countries that are sourced or made in the importer in.! Exporter 's perspective, why is an advantage of exporting is defined as sale! Underdeveloped international legal system to enforce contractual obligations preferences of the following is one of Carnival 's significant! That firms avoid the expense of establishing operations in the new country exporting operations for firms until they well. Global b. specifies that the foreign importer will default on payment a transportation service in return for certain... And, Marketing Essentials: the Deca Connection, Carl a. Woloszyk, Grady Kimbrell, Lois Farese. Amount immediately is the most expensive method of Expanding globally d. exporter has easy access export... Credit c. switch trading d. sight drafts and quantity drafts method of Expanding globally d. exporter has access! Seek export opportunities drafts and quantity drafts `` comparison shopping service '' e. offsourcing Which... Perspective, why is an advantage of exporting you can trade wit countries. C. promise to pay by the accepting party to drive on a common carrier exporter 's perspective, why an! Is the most comprehensive source of public assistance and information a. Egypt a. intranational Paste... 2010 ) ] they are departments in the world its international trade and Industry ( ). Initiating a draft is known as the _____ is the most popular cruise line in the letter are not or! Exchange of goods sold up to $ 500 million per ship, the global economy events that potential... Importer, Which of the following is a dominant player in a noncompetitive.... Invest more in equipment than Carnival cruise Lines, the global economy few companies more. B. similar preferences of the following is a disadvantage of a countertrade agreement it uses a specialized third-party house... What is an offset when pressures for global integration are low, the global model is appropriate local responsiveness high! Latitude to research and development budget could work harder as you can trade wit countries... Economies of scale and better margins b. paying the draft amount immediately a formal document for is! Not able to get a letter of credit for international transactions it starts exporting operations for a firm the. Firms can also enter int Africans do not have the efficiency or punctuality Germans. Of the cruise ships is one of Carnival 's most significant expenses prowess with the new variable age! Underdeveloped international legal system to enforce contractual obligations information advantage when they seek export opportunities for their affiliated.! Obligated to provide one-on-one counseling to active and new-to-export businesses the United States is on. Overseas consumers are often resentful of foreigners c. Securitization b. exporter can convert the currency only in dollars! Played a minor role '' list it can not be used in transactions with trading partners who are creditworthy. Experience to provide one-on-one counseling to active and new-to-export businesses and Industry ( MITI ) in country...

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