Exam 8: Importing,exporting,and Sourcing

Which of the following establishes classification numbers that must be used by importers and exporters?

Exporting is considered as essentially a developmental process.What are the stages in which this process can be divided?

Which of the following was a major U.S.tax incentive for exporters that the WTO recently ruled was an illegal subsidy?

If the dollar,the yen,or the euro becomes seriously overvalued,a company with a production capacity in other locations can achieve competitive advantage by:

An executive is undecided whether to rely on in-house or external export specialists\intermediaries in the home country.He is leaning towards direct representation in a market.What are the benefits of going forth with direct representation?

The four tigers-Singapore,South Korea,Taiwan,and Hong Kong-learned from the ________ experience and built strong export-based economies of their own.

The Common Agricultural Policy (CAP)determines the level of subsidies granted to farmers in Latin America.

After research has zeroed in on potential markets,there is no substitute for a personal visit to size up the market firsthand and begin the development of an actual export-marketing program.

A number of explanations have been offered for the low level of U.S.exports relative to other countries.All of the following can be considered as reasons for low level of exports except:

The Fly American Act is an example of a nontariff barrier.

Recently "call centers" have mushroomed in countries like India,China,and Philippines due to the outsourcing by many Western countries.What are some of the benefits and disadvantages to this method to the company that is outsourcing? What factors should be taken into account when deciding to outsource?

Agricultural subsidies are particularly controversial because,although they protect the interests of farmers in some countries,they work to the detriment of farmers in countries such as:

Which of the following refers to a system of farm subsidies in Europe?

CVDs are additional duties levied by exporting countries on imported videodiscs.

Which of the following is described as the three Rs of global business: rules,rate schedules,and regulations?

Which of the following receives a fee for bringing together an exporter and a buyer in another country?

________ is an independent marketing intermediary that acts as the export department for two or more manufacturers whose product lines do not compete with each other.

After the research effort has zeroed in on potential markets,marketers should:

The Harmonized Tariff System (HTS)has eliminated virtually all problems associated with assigning tariff classifications to new products.

"Export selling" involves tailoring various elements of the marketing mix to global market requirements.