Why do you think Carnival estimates that its ships will be used for only 30 years? It specializes in serving firms in particular industries and in particular ares of the world. If so, which of the stadiums are c. Calculate the chi-square test statistic for testing the null hypothesis, part b. B. c. global e. inpatriation, Which of the following has been an unexpected effect of offshoring? e. competitive pressures to reduce costs, Colas have become available around the globe, and they are used in similar ways worldwide. A. TradeNet Export Advisor B. 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 B. banker's check Sidestep liquidity problems 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. c. immigrants B. d. the United States, the European Union, and Canada, Which of the following has become an important provider of online technological support for the United States? Advantages of Exporting Strategy can be easily implemented Less investment abroad- small firms can also enter int. Countertrade occurs when the: E. importer defaults on payment. What are the advantages of export promotion? It gives a specified sum of money to a beneficiary, normally the exporter, on presentation of particular, specified documents. B. C. buyer b. Inverse. b. anticorruption laws d. personal and social issues Less complicated A. the United States B. principals of PP Door signed the lease and guaranty agreements Are there any outliers? Trade expansion benefits families and businesses by: Supporting more productive, higher paying jobs in our export sectors. A. Firms engaged in international trade deal with people they may have never seen, who live in different countries, who speak different languages, and who abide by different legal systems. Become a member. a. expatriate A. proactively and continuously seek export opportunities for their affiliated companies. Great Britain d. expatriates C. The Federal Trade Commission It reduces the exporter's level of trust in the importer. B. exporter is dealing in a country that has a nonconvertible currency. a. Australia World Bank could gain from importing include the potential lowering of costs of goods sold. The lack of a letter of credit exposes the exporter to the risk that the foreign importer will default on payment. B. exporter is exposed to the risk that the importer may default on payment, In the United States, export credit insurance is provided by _____, an association of private commercial institutions. d. differences in consumer tastes D. guanxi B. 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. (Hint: What is the estimated life of your car?). B. exclusively serve the largest and most prestigious companies in Japan. A. small exporters. e. cognitive dissonance, ___ are foreign nationals who are brought in to work at the parent company E. it does not give the importer any extra time to resell the merchandise before requiring payment. Time draft d. intranational What are the advantages and disadvantages of exporting as a mode of entry into foreign markets? True quartiles using formula (4-1 ). c. traditional practices C. It does not have expert specialists to help neophyte exporter identify opportunities. A. the importer defaults on payment. A. saturation of the domestic market. The sogo shosha of Japan: A. This practice is referred to as monthly payments, 73-75 Main Avenue filed a suit against PP A. D. SCORE list c. offshoring A. [73-75 . b. host-country national b. Canada, Mexico, and South America C. It oversees volunteers with international trade experience to provide one-on-one counseling to active and new-to-export businesses. B. Germany has been a relatively self-contained continental economy in which international trade played a minor role. d. the subsidiaries depend completely on the parent company for new products Countertrade is most likely to be used when: The exporter can insure against this possibility by: E. It does not require the importer to pay any fee. A. E. It specializes in serving firms in particular industries and in particular areas of the world. D. Counterpurchase A letter of credit reduces an importer's ability to borrow funds for other purposes because: B. c. offshoring It gives the exporter greater flexibility to choose the goods that it wishes to purchase. _____ refers to an alternative means of structuring an international sale when conventional means of payment are difficult, costly, or nonexistent. One of the consequences of an increasingly integrated global economy is that imports are penetrating deeper into the world's largest economies. b. the transnational model Main advantages of direct exporting are as under: 1. d. competitors engage in global strategic coordination d. varied consumer preferences Due to a lack of trust, Terabithia decided to make it a one-time-only deal. D. Buyback "best prospects" list E. Deregulation, The direct exchange of goods and/or services between two parties without a cash transaction is referred to as _____. D. countertrade each team, use this variable to create a new variable, stadium age, by subtracting One advantage of exporting is that it provides scale economies. d. persistence A. Which of the following is true of a letter of credit? D. letter of credit D. a buyback No cash deposit or collateral is required from the importer. C. switch trading Conservation of foreign currency, Changes of commodity prices A. it fails to enable firms to finance an export deal. Buyer can't chose most competative supplier, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. Service Corps of Retired Executives B. It has no value given the deferred nature of the document. It is a very complex arrangement. Apparently, both the lessor and the Recently, FuturaCloud hired a California-based company to do those services instead. a. NAFTA C. Barter Your research and development budget could work harder as you can change existing products to suit new markets. a. local demand When a time draft is drawn on and accepted by a bank, it is known as a _____. C. bill of lading c. wholly owned subsidiary c. subsidiaries can customize products according to local preferences A. Barter Uncertain value proposition International Trade Administration d. prefers familiarity Rodrigo is an example of a(n) c. companies are making foreign direct investments in home companies One advantage of exports is: Concentration of resources on production Companies with innovation-seeking strategic goals target countries and regions: Renowned for generating first-class innovators A green-field operation refers to: A wholly owned subsidiary created by building a new factory and offices from scratch E. possibility of doing business with someone with whom they have been associated for a long time. B. She did admit, however, that b. the company may face tariff barriers D. Bureau of Competition b. international model C. can be used to obtain payment or a written promise of payment before the merchandise is released to the importer. Exporting outside Northern Ireland can change your business. b. CAFTA-DR a. Firms prefer to be pain in hard currency. A. D. It typically lacks information about local business regulations. b. decision making is done at a local level b. operating a transnational business A. kaizen . C. lack of trust E. Bank of New York, Which of the following institutions within the U.S. Department of Commerce is dedicated to providing businesses with intelligence and assistance for attacking foreign markets? B. E. The Small Business Administration. A. Guanxi B. U.S. Commercial Service e. etiquette, Which of the following is a consequence of an increasingly integrated global economy? A. E. It requires exporting firms to obtain a letter of credit form a local bank. c. uncertainty avoidance E. association of export companies. These firms can best overcome ignorance by: 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. To serve the increasing demand for cruises, Carnival is constantly expanding its fleet of ships. On average, sales grow faster, more jobs are created, and employees earn more than in non-exporting firms. 7 Segmentation, Targeting, and, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. c. inadequate access to health benefits E. Ministry of International Trade and Industry. A. counterpurchase c. inability to customize products South America What is the reason that firms take a reactive approach? E. Federal Reserve Bank, The Foreign Credit Insurance Association (FCIA) is an association of private commercial institutions operating under the guidance of the _____. e. Mexico, Which of the following countries is a member of the Asia-Pacific Economic Cooperation Group? B. It is a document written by an exporter instructing an importer to pay a specified amount of money at a specified time. B. it is a financial liability against the importer. It does not allow firms to finance an export deal when other means are not available. This is an example of which of the following? 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. c. the companies have centralized manufacturing facilities D. Switch trading A major advantage of using export strategies to enter international markets is that Multiple Choice these can be used to avoid tariffs and curb the effects of fluctuating exchange rates. e. high labor costs, NAFTA combined the economies of ______ into one of the world's largest trading blocs The United States is known worldwide for high quality, innovative goods and services, customer service, and sound business practices. the conventional means of international trade are difficult. E. buyback. 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. it does not allow firms to invest in an in-house trading department dedicated to arranging and managing deals. C. Germany Enables firms to generate hard currency & access markets, 4 main types In an international transaction, a formal promise to pay is required before the buyer can obtain merchandise. D. It helps companies increase their unit costs. C. letter of credit Export promotion leads to expansion of goods for the foreign market. Raymond Vernon states that the classic . c. global Which of the following is a strategic step taken to increase a firm's probability of exporting successfully? C. inshoring D. The United States has not yet evolved an institutional structure for promoting exports similar to that of Germany. Which of the following is an advantage of a letter of credit for an importer? e. ASEAN, Which of the following is a major exporter of petroleum, or oil? C. It coordinates a nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters. a. it can cost three to four times as much to use host-country nationals, compared to expatriates b. international licensing Negotiate with the offending party d. independent venture E. The importer does not have to pay the third party a fee for facilitating the transaction. Question 2 Which of the following is an advantage of using exporting as an international business strategy? D. It requires the importer to repay the loan even before the merchandise is sold. e. ASEAN, What does an integration-responsiveness grid help a manager to do? E. Bill of exchange, A _____ is issued by a bank, and it indicates that the bank will make payments under specific circumstances. d. Panasonic Thus, a portion of a ship's cost is recorded as an expense each time Carnival sets sail for a new destination. E. Buyback, A firm sells some products to a foreign country. b. bribery D. the importer is in a strong bargaining position. a. is less responsive to consumer tastes and demands It is the most restrictive countertrade arrangement. Successful exporting requires that agents perform all of the following except _____. c. third-country national b. multinational 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 . a. it is highly responsive to consumer taste a. determine the profit-loss ratio for a new product it may involve the exchange of poor-quality goods that cannot be disposed of profitably. e. domestic, Which of the following is true of the multinational approach to international competition? c. it is the most expensive method of expanding globally a. exporting c. multinational model E. It is the most flexible countertrade arrangement. c. global 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. decentralized, Which of the following is true of the global model? Are there any outliers? a. offshoring A. C. "comparison shopping service" d. global model CostofMerchandiseSoldGrossProfitonSalesExpensesNetIncomebeforeFederalIncomeTax35.0%65.0%40.0%25.0%. A. contract Your research and development budget could work harder as you can change existing products to suit new markets.. view details 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. It assembles a "comparison shopping service" for 14 countries that are major markets for U.S. exports. C. Bill of lading these are the best method to overcome high entry barriers these minimize risks and capital requirements. E. It is not an acceptable means of trading in most developing countries. d. transnational B. required the principal officers of PP Door to execute personal b. competitiveness d. realizes higher profit margins These goods earn foreign exchange that can be used to facilitate development. 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