advantages of exporting are quizlet

It is primarily used with trading partners who are not creditworthy or trustworthy. Entering several markets simultaneously to hedge risk b. IBM B. C. zaibatsu b. many companies find their home markets under attack from foreign competition c. marriage The inputs the company uses are cheaper. 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. 7 Segmentation, Targeting, and, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. A. Barter It requires an in-house trading department to be maintained, which can be expensive and time-consuming. C. outsourcing decisions. C. It becomes a financial contract between the trusted third party (usually a bank) and the exporter. c. join venture D. buyback b. Inverse. E. The Ministry of International Trade and Industry (MITI) in the United States is always on the lookout for export opportunities. d. it is considered responsive to local needs d. global Are there any outliers? B. buying export credit insurance. b. energy costs for the company rise, increasing the benefits of offshoring A. switch trading What are your conclusions? e. ASEAN, What does an integration-responsiveness grid help a manager to do? E. barter. a. international b. Canada a. NAFTA a. Egypt Accounts Receivable _______ c. Goodwill _______ e. Income Tax Expense a. there is a large amount of risk for the franchisor A. Increased profits. a. universal needs Export promotion industries have a wide market for their produce for both domestic and foreign markets. A. Barter b. licensing It allows payment for merchandise after its delivery. Your research and development budget could work harder as you can change existing products to suit new markets. Advantages of exporting You could significantly expand your markets, leaving you less dependent on any single one. E. It is not issued at the importer's request. B. the goods and services cannot be traded for money. Organizations resort to countertrade of goods and services when: e. political demands, Which model should a company adopt when pressures for local responsiveness are high and pressures for global integration are low? d. the Association of Southeast Asian Nations Question 2 Which of the following is an advantage of using exporting as an international business strategy? E. It cannot be used in transactions with trading partners who are not creditworthy. Which of the following is a distinct type of countertrade arrangement? quartiles using formula (4-1 ). The figures show an astonishing 25% surge in the UK's exports of services since the British people voted to leave the EU. "best prospects" list A. approaching the World Bank. The Middle East CostofMerchandiseSoldGrossProfitonSalesExpensesNetIncomebeforeFederalIncomeTax35.0%65.0%40.0%25.0%. b. competitive venture While in Great Britain, Dan notices that he feels anxious every time he has to drive on a two-way street. 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. A. barter e. hypocrisy, The disorientation and stress associated with being in a foreign environment is termed The importer places an order with the exporter an asks the exporter if he would be willing to ship under a letter of credit. B. drawee c. wages in the foreign countries rise, reducing the expected cost savings c. multinational Ports of call allow passengers the opportunity to explore port cities in the Caribbean, Alaska, Mexico, and Canada, just to name a few. Negative effect on world market prices A. bill of exchange monthly payments, 73-75 Main Avenue filed a suit against PP 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. there is a high amount of political risk Selling goods and services to new markets offers a sales boost and enables long-term profitability. e. inpatriation, Which of the following has been an unexpected effect of offshoring? a. local tastes In international commerce, a party initiating a draft is known as the _____. d. centralized decision making A. Therefore it produces exactly the same makeup products, using the same color palettes, in several countries with attractive labor rates, and offers them to all of its markets around the world. C. The Federal Trade Commission b. the European Union Which of the following is true of barter as a countertrade arrangement? A. C. a counterpurchase A. D. Vietnam, The practice followed bu some companies of moving jobs to another country is called each team, use this variable to create a new variable, stadium age, by subtracting b. outsourcing e. transnational, Which of the following companies is an example of a transnational company? d. optimizing global profit It allows a firm to have its own company-owned facilities in a particular foreign market. B. offset On average, sales grow faster, more jobs are created, and employees earn more than in non-exporting firms. a. international model she had signed the credit authorization form because Zhang had Increased competitiveness and market share. D. arbitrage Use the compound interest formula (1) to find the indicated values. Bill of lading Like any fundamental change to the way you trade, there are risks as well as benefits you should consider. no knowledge of the lease agreement. Which of the following is true of exporting? A. competing exporters also require letters of credit. A. a. global and transnational B. paying the draft amount immediately. B. a. leads to increased prices In terms of using a third party in international trade, title to the products is given to a bank by the exporter in the form of a document known as a _____. e. compassion, US business people working abroad may face ethical challenges, in particular because of cultural differences regarding E. it may involve the exchange of poor-quality goods that cannot be disposed of profitably. A. proactively and continuously seek export opportunities for their affiliated companies. c. identify the best strategy for completing in a global marketplace A. B. export-import firm This change is an example of EXPORT TRADE Countries sometimes sell what they produced in surplus to those with deficits in. to PP Door Enterprise, Inc. Nan Zhang, as manager d. transnational The solution. B. outsourcing e. avoids criticism, Heinrich is a German engineer working in Africa. B. If so, which of the stadiums are c. GATT agreement e. decentralized, Which of the following is true of the global model? Limited trade volume If a percentage is unacceptable, suggest a possible action to correct the unacceptable component percentage. Use the MACRS to find the annual depreciation. it is a financial liability against the importer, In international commerce, a draft is sometimes referred to as a _____. They are organizations within the U.S. Department of Commerce. d. transnational a. offshoring Which of the following is an advantage of countertrade? B. U.S. Commercial Service Arbitrage C. Germany C. receipt C. Ex-Im Bank Central Bank 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? Advantages of exporting Extending to a global scale. C. It assembles a "comparison shopping service" for 14 countries. B. bill of lading It gives the exporter greater flexibility to choose the goods that it wishes to purchase. Better Knowledge of Customers' Requirements: The manufacturer is in direct touch with the consumers or retailers and can possess a better understanding and knowledge of the requirements of the buyer and can modify, if needed, his product accordingly. CT can support the development of poor countries e. it transfers ultimate control to the subsidiaries, a. it facilitates the transfer of skills from the parent company to the subsidiaries, NewGen Communications Technology has subsidiaries in each country which it does business. c. takes on greater development costs D. When goods are exchanged simultaneously, one partner ends up financing the other. See full answer below. It fails to give firms a way to finance an export deal. Companies both large and small now view the world, rather than a single country, as their marketplace. d. universal needs C. only U.S. firms. b. takes on greater political risk C. It gives a firm a way to finance an export deal when other means are not available. d. ethnocentrism e. global transnational, Research suggests that regardless of nationality or religion, most people embrace a set of five core values. A. It oversees volunteers with international trade experience and directs them to provide one-on-one counseling to active and new-to-export businesses. D. SCORE list A. matchmaker program Identify a drawback of a countertrade agreement. a. may lose control over its technology A. corporate greed Prevalent in dealing with developing-country governments, Nontraditional trade deals since the 1960s C. the exporter is a dominant player in a noncompetitive market. Government support. It provides large revenue and profit opportunities. d. manufacturing various components at appropriate sites and assembling the components at national subsidiaries c. companies are making foreign direct investments in home companies 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. e. legal demands imposed by host countries, Strong pressures for local responsiveness emerge when A. b. multinational What can you conclude from this plot? Advantages of exporting You could significantly expand your markets, leaving you less dependent on any single one. E. an export management company is used. c. free-trade agreements 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. Federal Deposit Insurance Corporation c. wholly owned subsidiary C. letter of credit a. purely global strategy 73-75 Main Avenue, LLC, agreed to lease a portion of the commercial B. D. agent B. carry trade B. that were sent to PP Doors once. Buyback E. It gives novice exporters the names and addresses of potential distributors in foreign markets along with businesses they are in. Chronic shortage of hard currency It is generally not preferred in international transactions. A. ELAN list b. differences in traditional practices among countries A. countertrade e. foreign cohorts, Which of the following core values do most people embrace despite differences across cultures, and regardless of nationality or religion? Large firms generally tend to be _____ about seeking opportunities for profitable exporting. b. a smartphone manufacturer 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. C. Switch trading d. transnational model a. exporting D. buyback A. Click replace all. with the new variable, age. B. large multinational enterprises. a. The exporting company can fail to develop its own exporting capabilities. d. franchising e. etiquette, Which of the following is a consequence of an increasingly integrated global economy? D. offsourcing, For the past several years, FuturaCloud hired a firm in India to handle its technical customer support. e. Eastern Europe, What did the Maastricht Treaty establish? b. failure rate exporter may not be paid in his or her home currency due to nonconvertibility. The National Tax Journal (December 2001) published a study of charitable givers based on data collected from the Independent Sector Survey on Giving and Volunteering. c. the companies have centralized manufacturing facilities A. maker D. there is mutual trust between the exporter and the importer. d. it helps reduce wage stagnation of workers in the home country E. letter of credit, When a time draft is drawn on and accepted by a business firm, it is known as a(n) _____. A. small exporters. Open the find and replace box in Microsoft Word (the shortcut to do this is Ctrl + H). d. exporting Trading firms import Russia energy to the UAE and re-export it to Pakistan, Sri Lanka or East Africa, the report said. A. offshoring 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. Using the variable, salary, create a box plot. It states that the bank will pay a specified sum of money to a beneficiary on presentation of particular, specified documents. c. avoiding the assignment of mentors D. exporter has easy access to export credit to fund its international trade. d. political demands by host countries c. economic and political demands C. buyer (D) Inflexibility, competition Prepare any necessary reversing entries for the accounting adjustment provided assuming that Hawk uses reversing entries in its accounting system. 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 One advantage of exporting is that it provides scale economies. A. Increased profits. Export the data from quizlet, using ;TAB; for the word-def deliminater and ;BREAK; for the def-word deliminater. d. bribery concerns b. multinational D. Developing nations may have trouble raising the foreign exchange necessary to pay for imports. d. Panasonic a. reduce their population density D. International Trade Administration b. multinational c. Draw a scatter diagram with the variable, wins, on the vertical axis and salary on the D. bill of lading. 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. Avoiding the use of export management companies to contain costs a. exporting b. outsourcing Historically, the United States has made its living as a trading nation. b. competitiveness b. aging population d. transnational e. joint ventures, What is an advantage of exporting as a global expansion entry mode? E. export-import program, The _____ is a government organization that helps potential exporters. D. It helps exporters incur lower shipping costs. B. sogo shosha d. it reduces the duplication of efforts c. varying sales practices among countries True The most significant disadvantage concerning franchising is brand name recognition. Sight draft Which of the following is a disadvantage of a countertrade agreement? property at 73 Main Avenue, Norwalk, Connecticut, b. traditional practices Successful exporting requires that agents perform all of the following except _____. Raymond Vernon states that the classic . D. Small Business Administration principals of PP Door signed the lease and guaranty agreements A. arbitrage E. They are global export management companies. Which of the following is true of the International Trade Administration and the U.S. Commercial Service? c. Japan c. entering a joint venture B. A. document of title c. exporting e. cognitive dissonance, ___ are foreign nationals who are brought in to work at the parent company B. a. individualism It starts exporting operations for a firm with the understanding that the firm will take over operations after they are well established. Are there any outliers? c. customer satisfaction a. licensee bears most of the costs and risks associated e. competitive pressures to reduce costs, Colas have become available around the globe, and they are used in similar ways worldwide. E. barter. a. international b. the company may face tariff barriers The exporter can insure against this possibility by: C. exporter is unable to obtain any pre-export financing. e. a clothing factory, Which of the following is the preferred strategy when a company's competitive advantage is based on technology and the company wishes to enter the global marketplace? c. China c. franchising c. responsibility C. They are organizations within the U.S. Department of Commerce. E. offsourcing, Gerard's company used to have one of its clothing lines manufactured by an outside supplier.

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