Question 1

________ is the most important aspect of a company's international orientation.

Accepted Answer

A) Experience 
B) Commitment 
C) Dynamism 
D) Confidence 
E) Cooperation 
A) Experience 
B) Commitment 
C) Dynamism 
D) Confidence 
E) Cooperation

Question 2

How can restrictive administrative and technical regulations create barriers to trade?

Accepted Answer

Restrictive administrative and technical

Question 3

In an export\import transaction requiring a letter of credit (L\C),the exporter's (seller's)bank can be known as the "advising" bank,the "confirming" bank,or both.

Accepted Answer

A) True 
 B)False

Question 4

A nontariff barrier (NTB)includes all of the following except:

Accepted Answer

A) quotas. 
B) discriminatory procurement policies. 
C) restrictive administrative policies. 
D) restrictive technical regulations. 
E) ad valorem duty. 
A) quotas. 
B) discriminatory procurement policies. 
C) restrictive administrative policies. 
D) restrictive technical regulations. 
E) ad valorem duty.

Question 5

In general,the greater the distance between the product source and the target market,the greater the time delay for delivery and the lower the transportation cost.

Accepted Answer

A) True 
 B)False

Question 6

Direct representation,as opposed to representation by independent intermediaries,for exporting by the market country has several advantages which do not include:

Accepted Answer

A) facilitates control and communications. 
B) allows decisions concerning program development and resource allocation. 
C) benefits when a product is not yet established in a market. 
D) ensures marketer's interest and special efforts. 
E) helps sell products directly to the consumer in the market country. 
A) facilitates control and communications. 
B) allows decisions concerning program development and resource allocation. 
C) benefits when a product is not yet established in a market. 
D) ensures marketer's interest and special efforts. 
E) helps sell products directly to the consumer in the market country.

Question 7

The sale of merchandise in export markets at unfair prices is known as:

Accepted Answer

A) dumping. 
B) countervailing. 
C) tariff. 
D) ad valorem. 
E) transaction. 
A) dumping. 
B) countervailing. 
C) tariff. 
D) ad valorem. 
E) transaction.

Question 8

A company that assigns a sufficiently high priority to its export business will establish an in-house organization.It then faces the question of how to organize it effectively.

Accepted Answer

A) True 
 B)False

Question 9

________ are licensed specialists in traffic operations,customs clearance,and shipping tariffs and schedules.They can be considered as the travel agents for handling export goods.

Accepted Answer

A) Foreign purchasing agents 
B) Export brokers 
C) Export merchants 
D) Freight forwarders 
E) Cooperative exporters 
A) Foreign purchasing agents 
B) Export brokers 
C) Export merchants 
D) Freight forwarders 
E) Cooperative exporters

Question 10

In which of the following forms of export financing does a bank assume a financial obligation?

Accepted Answer

A) with an L\C but not a documentary collection 
B) with a documentary collection but not an L\C 
C) neither an L\C nor a documentary collection requires a bank to assume financial obligation 
D) with either an L\C or a collection letter 
E) with both an L\C and a documentary collection 
A) with an L\C but not a documentary collection 
B) with a documentary collection but not an L\C 
C) neither an L\C nor a documentary collection requires a bank to assume financial obligation 
D) with either an L\C or a collection letter 
E) with both an L\C and a documentary collection

Question 11

Which of the following types of duties would be imposed on a company whose home-country government provides export subsidies?

Accepted Answer

A) ad valorem duty 
B) countervailing duty 
C) antidumping duty 
D) specific duty 
E) customs duty 
A) ad valorem duty 
B) countervailing duty 
C) antidumping duty 
D) specific duty 
E) customs duty

Question 12

The possible arrangements of the responsibilities for handling exports include all of the following except:

Accepted Answer

A) as a part-time activity performed by domestic employees. 
B) through an export partner affiliated with the domestic marketing structure. 
C) through an export department within an international division. 
D) through an export department that is independent of the domestic marketing structure. 
E) through an export department of an embassy in a foreign country. 
A) as a part-time activity performed by domestic employees. 
B) through an export partner affiliated with the domestic marketing structure. 
C) through an export department within an international division. 
D) through an export department that is independent of the domestic marketing structure. 
E) through an export department of an embassy in a foreign country.

Question 13

What are some of the entities that an exporter should be familiar with? Describe and explain the role played by each of these entities,separating those that have responsibilities from exporters from those that have no responsibilities from the exporters.

Accepted Answer

Key export entities include purchasing a

Question 14

Sweden applies a system to certain categories of imported agricultural products referred to as:

Accepted Answer

A) temporary surcharges. 
B) ad valorem duty. 
C) variable import levies. 
D) specific duty. 
E) countervailing duty. 
A) temporary surcharges. 
B) ad valorem duty. 
C) variable import levies. 
D) specific duty. 
E) countervailing duty.

Question 15

After recovering from the destruction of its economy during World War II,________ became an economic superpower as a direct result of export strategies.

Accepted Answer

A) Hong Kong 
B) China 
C) Italy 
D) Japan 
E) Germany 
A) Hong Kong 
B) China 
C) Italy 
D) Japan 
E) Germany

Question 16

The export marketer takes the domestic product "as is" and sells it to international customers.

Accepted Answer

A) True 
 B)False

Question 17

In the last stage of the developmental process for exporting,a firm evaluates global market potential before screening for the "best" target markets to include in its marketing strategy and plan.

Accepted Answer

A) True 
 B)False

Question 18

A licensed forwarder receives brokerage fees or rebates from a(n)________ for booked space.

Accepted Answer

A) foreign purchasing agent 
B) export broker 
C) export merchant 
D) export management company 
E) shipping company 
A) foreign purchasing agent 
B) export broker 
C) export merchant 
D) export management company 
E) shipping company

Question 19

In an effort to facilitate exports,countries are designating certain areas as "free trade zones" (FTZ)or "special economic zones" (SEZ).

Accepted Answer

A) True 
 B)False

Question 20

What are some of the advantages of exporting and what is needed to be successful in export marketing?

Accepted Answer

Studies show that export procedural expe

________ is the most important aspect of a company's international orientation.

How can restrictive administrative and technical regulations create barriers to trade?

In an export\import transaction requiring a letter of credit (L\C),the exporter's (seller's)bank can be known as the "advising" bank,the "confirming" bank,or both.

A nontariff barrier (NTB)includes all of the following except:

In general,the greater the distance between the product source and the target market,the greater the time delay for delivery and the lower the transportation cost.

Direct representation,as opposed to representation by independent intermediaries,for exporting by the market country has several advantages which do not include:

The sale of merchandise in export markets at unfair prices is known as:

A company that assigns a sufficiently high priority to its export business will establish an in-house organization.It then faces the question of how to organize it effectively.

________ are licensed specialists in traffic operations,customs clearance,and shipping tariffs and schedules.They can be considered as the travel agents for handling export goods.

In which of the following forms of export financing does a bank assume a financial obligation?

Which of the following types of duties would be imposed on a company whose home-country government provides export subsidies?

The possible arrangements of the responsibilities for handling exports include all of the following except:

What are some of the entities that an exporter should be familiar with? Describe and explain the role played by each of these entities,separating those that have responsibilities from exporters from those that have no responsibilities from the exporters.

Sweden applies a system to certain categories of imported agricultural products referred to as:

After recovering from the destruction of its economy during World War II,________ became an economic superpower as a direct result of export strategies.

The export marketer takes the domestic product "as is" and sells it to international customers.

In the last stage of the developmental process for exporting,a firm evaluates global market potential before screening for the "best" target markets to include in its marketing strategy and plan.

A licensed forwarder receives brokerage fees or rebates from a(n)________ for booked space.

In an effort to facilitate exports,countries are designating certain areas as "free trade zones" (FTZ)or "special economic zones" (SEZ).

What are some of the advantages of exporting and what is needed to be successful in export marketing?

Introduction to Global Marketing

The Global Economic Environment

The Global Trade Environment

Social and Cultural Environments

The Political,legal,and Regulatory Environments

Global Information Systems and Market Research

Segmentation,targeting,and Positioning

Global Market Entry Strategies: Licensing, investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions II: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, organization, and Corporate Social Responsibility

Filters

Exam 8: Importing,exporting,and Sourcing

________ is the most important aspect of a company's international orientation.

How can restrictive administrative and technical regulations create barriers to trade?

In an export\import transaction requiring a letter of credit (L\C),the exporter's (seller's)bank can be known as the "advising" bank,the "confirming" bank,or both.

A nontariff barrier (NTB)includes all of the following except:

In general,the greater the distance between the product source and the target market,the greater the time delay for delivery and the lower the transportation cost.

Direct representation,as opposed to representation by independent intermediaries,for exporting by the market country has several advantages which do not include:

The sale of merchandise in export markets at unfair prices is known as:

A company that assigns a sufficiently high priority to its export business will establish an in-house organization.It then faces the question of how to organize it effectively.

________ are licensed specialists in traffic operations,customs clearance,and shipping tariffs and schedules.They can be considered as the travel agents for handling export goods.

In which of the following forms of export financing does a bank assume a financial obligation?

Which of the following types of duties would be imposed on a company whose home-country government provides export subsidies?

The possible arrangements of the responsibilities for handling exports include all of the following except:

What are some of the entities that an exporter should be familiar with? Describe and explain the role played by each of these entities,separating those that have responsibilities from exporters from those that have no responsibilities from the exporters.

Sweden applies a system to certain categories of imported agricultural products referred to as:

After recovering from the destruction of its economy during World War II,________ became an economic superpower as a direct result of export strategies.

The export marketer takes the domestic product "as is" and sells it to international customers.

In the last stage of the developmental process for exporting,a firm evaluates global market potential before screening for the "best" target markets to include in its marketing strategy and plan.

A licensed forwarder receives brokerage fees or rebates from a(n)________ for booked space.

In an effort to facilitate exports,countries are designating certain areas as "free trade zones" (FTZ)or "special economic zones" (SEZ).

What are some of the advantages of exporting and what is needed to be successful in export marketing?

Introduction to Global Marketing

The Global Economic Environment

The Global Trade Environment

Social and Cultural Environments

The Political,legal,and Regulatory Environments

Global Information Systems and Market Research

Segmentation,targeting,and Positioning

Global Market Entry Strategies: Licensing, investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions II: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, organization, and Corporate Social Responsibility

Filters