D. When goods are exchanged simultaneously, one partner ends up financing the other. C. a counterpurchase e. Mexico, Which of the following countries is a member of the Asia-Pacific Economic Cooperation Group? When a time draft is drawn on and accepted by a bank, it is known as a _____. A. runs the risk of spreading its limited management resources too thin. c. uncertainty avoidance Successful exporting requires that agents perform all of the following except _____. D. sight drafts and time drafts. lessor with credit information. D. Barter Which of the following is an advantage of countertrade? 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. Develop a box plot b. it provides maximum latitude to research and development functions The most significant disadvantage concerning franchising is brand name recognition. 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. True a) The advantages a business. 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. a. is less responsive to consumer tastes and demands They are private organizations that assist U.S. exporters. _______ b. What is Dan experiencing? In the United States, the _____ is the most comprehensive source of public assistance and information . c. horizontal axis measures financial viability and the vertical axis measures employee satisfaction Bank of New York 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 Question 2 Which of the following is an advantage of using exporting as an international business strategy? quartiles using formula (4-1 ). A. D. Federal Deposit Insurance Corporation C. developing nations have trouble raising the foreign exchange necessary to pay for imports. a. exporting b. takes on greater political risk It is primarily used with trading partners who are not creditworthy or trustworthy. c. Japan E. It is not issued at the importer's request. d. manufacturing various components at appropriate sites and assembling the components at national subsidiaries C. bill of lading d. global model C. It is detrimental to the economy of the importing country. e. global, Which of the following is an advantage of a multinational model? d. transnational model While in Great Britain, Dan notices that he feels anxious every time he has to drive on a two-way street. Which of the following is an advantage of having a letter of credit? Documentation = Official forms and other paperwork required in export transactions for shipping and custom procedures. D. counter sale It requires an in-house trading department to be maintained, which can be expensive and time-consuming. A. offshoring The exporting company can fail to develop its own exporting capabilities. c. greed c. multinational contract, A major disadvantage of operating a wholly owned subsidiary is that Due to the complexity and diversity of foreign markets, firms sometimes hesitate to seek export opportunities. a. inpatriation 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. E. It requires exporting firms to obtain a letter of credit form a local bank. a. ambition A. counterpurchase 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. Trade expansion benefits families and businesses by: Supporting more productive, higher paying jobs in our export sectors. Recently, FuturaCloud hired a California-based company to do those services instead. C. letter of credit Exporting outside Northern Ireland can change your business. Tres Chic uses the ___ model of international competition. e. ASEAN, What does an integration-responsiveness grid help a manager to do? B. c. second-party nationals . Baseball teams for the 2016 season. It is a document written by an exporter instructing an importer to pay a specified amount of money at a specified time. B. export-import firm C. title drafts and quantity drafts. Why might the court agree? C. insourcing D. It enables exporters to insist on a letter of credit. Chronic shortage of hard currency The International Trade Administration provide the potential exporter with a(n) _____, which gives the names and addresses of potential distributors in foreign markets along with businesses they are in, the products they handle, and their contact person. Service Corps of Retired Executives C. Small Business Administration 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 A. easy tracking of the parties involved. e. there are chances to lose quality control, e. there are chances to lose quality control, Which of the following methods of entering global competition runs the biggest risk of conflict between partners over who controls what? Which of the following is true of exporting? 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. outliers? Encouraging investment and more rapid economic growth. An official of the carrier gives the exporter a bill of lading. Exporting can be profitable for businesses of all sizes. D. problems of using an underdeveloped international legal system to enforce contractual obligations. Countertrade accounts for as much as 1/3 of all world trade B. e. intranational, Which model involves fostering communication among subsidiaries to permit transfer of skills? a. reduce their population density c. companies are making foreign direct investments in home companies a. NAFTA a. E. Buyback. The International Trade Administration B. specifies that the carrier is obligated to provide a transportation service in return for a certain charge. B. switch trading 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? proactively and continuously seek export opportunities for their affiliated companies. B. B. these are the most efficient and flexible method to discover and accommodate changes in local demand O . b. the company may face tariff barriers c. avoiding the assignment of mentors One of the primary benefits of exporting is access to a global market of buyers. B. Countertrade is a means of structuring an international sale when conventional means of payment are cost-effective. B. They consider exporting only after their domestic market is saturated. C. Compensation 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. d. decreasing consumer demand d. competitors engage in global strategic coordination D. draft E. the Export Legal Assistance Network. Increased competitiveness and market share. D. agent E. offsourcing, Which of the following is one of the three regions that dominate the global economy? Which of the following is a drawback of relying on an export management company (EMC)? E. offset draft and counter draft, Which of the following drafts is payable on presentation to the drawee? A. Guanxi c. multinational It provides a potential exporter with a "best prospects" list. Like any fundamental change to the way you trade, there are risks as well as benefits you should consider. The expired portion of prepaid insurance is $3,700. a. international A. proactively and continuously seek export opportunities for their affiliated companies. A. switch trade The most comprehensive source of information on export opportunities for U.S. firms is the _____. The Department of Commerce A. shortening production runs. Each of Carnival's "Fun Ships" is a floating resort that offers a wide variety of restaurants, casinos, lounges, spas, nightclubs, and duty-free shopping. E. countervailing duty, The principle of _____ is to trade goods and services for other goods and services when they cannot be traded for money. "best prospects" list e. patenting, An advantage of licensing as a method of entering global competition is that the D. It provides export specialists who act as the export marketing departments or international departments for their client firms. it is a financial liability against the importer, In international commerce, a draft is sometimes referred to as a _____. 73-75 Main Avenue, LLC, agreed to lease a portion of the commercial d. None they are independent of each other. C. inshoring Prepare any necessary reversing entries for the accounting adjustment provided assuming that Hawk uses reversing entries in its accounting system. The solution. Why do you think Carnival estimates that its ships will be used for only 30 years? a. using validated screening criteria a. differences in distribution channels a. vertical axis measures pressures for global integration and the horizontal axis measures pressures for local responsiveness A. a. exporting C. It puts the importer in a strong bargaining position. The United States has not yet evolved an institutional structure for promoting exports similar to that of Germany. a. ethnocentric Write a brief summary of your analysis. Using the variable, salary, create a box plot. B. in-transit bill a. domestic From an exporter's perspective, why is an offset more attractive than a straight counterpurchase agreement? 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. c. small labor force 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. B. E. letter of credit, When a time draft is drawn on and accepted by a business firm, it is known as a(n) _____. A. bill of lading A. competing exporters also require letters of credit. Advantage 2 of exporting You can trade wit other countries. 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. Exporting is the sale of products and services in foreign countries that are sourced from the home country. 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. low cost sites are available C. Firms prefer to be paid in hard currency. b. international model Identify a drawback of a countertrade agreement. E. Deregulation, The direct exchange of goods and/or services between two parties without a cash transaction is referred to as _____. d. pressure on a company to reduce costs significantly Which of the following is a characteristic of a time draft? A. D. has fewer export opportunities. A letter of credit reduces an importer's ability to borrow funds for other purposes because: 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. Firms engaged in barter run the risk of having to accept goods they do not want or cannot use. E. Bill of exchange, A _____ is issued by a bank, and it indicates that the bank will make payments under specific circumstances. B. offset d. delaying the creation of job objectives b. a smartphone manufacturer In the data set, the year opened, is the first year of operation for that stadium. It provides large revenue and profit opportunities. d. franchising It facilitates an exporter to obtain pre-exporting financing. A. maker A. C. gets the time to learn about each market. D. The exporter ships the goods to the importer on a common carrier. e. farming out core function, such as research and development, to subsidiaries around the world, b. subsidiaries located in countries where the company does business with much of the control exercised by the parent company, Which of the following is an advantage of the international model? Kpler data shows Russian oil exports to the UAE more than tripled to 60 . This change is an example of D. buyback A. countertrade These factors result in: E. bill of exchange. One advantage of exporting is that it provides scale economies. Importing refers to buying goods and services from foreign sources and bringing them back into the home country. 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. expatriate A firm that enters many markets at once: e. etiquette, Which of the following is a consequence of an increasingly integrated global economy? D. the importer has to pay even if the conditions stated in the letter are not satisfied. c. inadequate access to health benefits c. multinational model b. narrows down the market for managers Open the find and replace box in Microsoft Word (the shortcut to do this is Ctrl + H). b. subsidiaries located in countries where the company does business with much of the control exercised by the parent company C. the importer has to pay for the merchandise even before receiving the documents. (D) Tariffs and taxes, high transportation costs, government restrictions. A. mergers C. In a domestic transaction, a draft is used to settle trade transactions. d. overseas consumers are often resentful of foreigners Few companies invest more in equipment than Carnival Cruise Lines, the most popular cruise line in the world. It states that the bank will pay a specified sum of money to a beneficiary on presentation of particular, specified documents. Carnival estimates that its ships will sail for 30 years before they are retired. A. contract drafts and lending drafts. A. small exporters. b. many companies find their home markets under attack from foreign competition C. It does not have expert specialists to help neophyte exporter identify opportunities. a. offshoring she had paid the rent. a. leads to increased prices E. franchising. D. time draft c. licensing company has control over quality levels Family issues are the main reason for expatriates to return home early. Li further testified that she did not see the b. host-country nationals c. standardizes its goods and services ignoring customers' preferences B. exporter can convert the currency only in U.S. dollars. B. B. b. inpatriate If a percentage is unacceptable, suggest a possible action to correct the unacceptable component percentage. c. it is the most expensive method of expanding globally the conventional means of international trade are difficult. 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. A. monthly payments, 73-75 Main Avenue filed a suit against PP On average, sales grow faster, more jobs are created, and employees earn more than in non-exporting firms. b. decision making is done at a local level Large firms generally tend to be _____ about seeking opportunities for profitable exporting. B. outsourcing B. bill of lading Which of the following is an advantage of exporting? E. association of export companies. What characteristic is Heinrich displaying? A. counterpurchase Companies both large and small now view the world, rather than a single country, as their marketplace. Identify which of the following accounts would be included in a post-closing trial balance. A. arbitrage d. independent venture D. The Bureau of Competition E. export management list. THis tutorial shows you how to export data from Quizlet.com to use elsewhere. b. licensing company has control over its technology c. join venture B. D. guanxi D. U.S. Department of Commerce B. exporter is dealing in a country that has a nonconvertible currency. c. Mexico Advantage 1 of exporting You can make money from selling lots of different items. D. Ex-Im Bank D. Ex-Im Bank C. Nonconvertibility is an advantage for exporters. Which of the following is true of the export performance of the United States, Germany, and Japan? b. anticorruption laws She claimed that he often complains that Africans do not have the efficiency or punctuality of Germans. This example fits into which category of pressures for local responsiveness? e. competitive pressures to reduce costs, Colas have become available around the globe, and they are used in similar ways worldwide. C. International Trade Veteran's Group B. contract c. subsidiaries can customize products according to local preferences When pressures for local responsiveness are high and pressures for global integration are low, the global model is appropriate. e. panic attack, Which of the following is an effective way to prevent failed global assignments? b. 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. 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Available c. firms prefer to be paid in hard currency prefer to be about... Years before they are retired 30 years drive on a two-way street the drawee low cost are... Successful exporting requires that agents perform all of the following is a characteristic of a multinational model Dan that! The home country having to accept goods they do not want or can not use capabilities! Engage in global strategic coordination d. draft e. the export legal assistance Network become! Supporting more productive, higher paying jobs in our export sectors an institutional structure for exports... Exporting b. takes on greater political risk it is a document written by an exporter to obtain a of. B. low cost sites are available c. firms prefer to be _____ about seeking opportunities their! Franchising is brand name recognition ships will sail for 30 years countries is advantages of exporting are quizlet financial liability against the importer a! Well as benefits you should consider on a common carrier time he has to drive on a carrier! One advantage of countertrade issues are the Main reason for expatriates to home! ( D ) Tariffs and taxes, high transportation costs, Colas have become available around the globe and! Accounting system and flexible method to discover and accommodate changes in local O... Of international trade are difficult risk it is primarily used with trading partners who not! Box plot b. it provides a potential exporter with a `` best prospects '' list or trustworthy a. c.. Monetary Fund Another advantage of countertrade tres Chic uses the ___ model of trade... International legal system to enforce contractual obligations draft e. the export legal assistance Network importing refers buying... Home early exporter a bill of lading a. competing exporters also require of! Over quality levels Family issues are the Main reason for expatriates to return early. 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