Question 1

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 2

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

Accepted Answer

A)  Chinese 
B)  Indian 
C)  German 
D)  American 
E)  Japanese 
A)  Chinese 
B)  Indian 
C)  German 
D)  American 
E)  Japanese

Question 3

________ 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.

Accepted Answer

A)  Export commission 
B)  Manufacturer's export agent 
C)  Cooperative exporter 
D)  Freight forwarders 
E)  Export management company 
A)  Export commission 
B)  Manufacturer's export agent 
C)  Cooperative exporter 
D)  Freight forwarders 
E)  Export management company

Question 4

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?

Accepted Answer

It is a common problem faced by many exe

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

The terms "export selling" and "export marketing" are interchangeable.

Accepted Answer

A) True 
 B)False

Question 7

________ 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.

Accepted Answer

A)  Manufacturer's export agent 
B)  Export commission representative 
C)  Export merchant 
D)  Export management company 
E)  Cooperative exporter 
A)  Manufacturer's export agent 
B)  Export commission representative 
C)  Export merchant 
D)  Export management company 
E)  Cooperative exporter

Question 8

Export marketing is the integrated marketing of goods and services that are destined for customers in international markets. What does the marketing require?

Accepted Answer

Export marketing targets the customer in

Question 9

Why does the tariff system vary from country to country? Explain, giving examples of tariffs imposed by the United States with particular emphasis on preferential tariffs. What are the conditions under which GATT allows the use of preferential tariffs?

Accepted Answer

Tariff systems provide either a single r

Question 10

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

Accepted Answer

A) True 
 B)False

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

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 13

Tariffs can be thought of as the "three Rs" of global business: rules, rigor, and regulations of individual countries.

Accepted Answer

A) True 
 B)False

Question 14

An ad valorem duty is expressed as a percentage of the value of goods.

Accepted Answer

A) True 
 B)False

Question 15

Tax incentives, subsidies, export assistance, and free trade zones are common support provided by governments to firms that engage in exporting.

Accepted Answer

A) True 
 B)False

Question 16

Developed under the auspices of the Custom Cooperation Council (now the World Customs Organization) the system which took effect is referred to as:

Accepted Answer

A)  preferential tariffs. 
B)  harmonized tariff. 
C)  BTN duty. 
D)  specialized tariff. 
E)  antidumping duty. 
A)  preferential tariffs. 
B)  harmonized tariff. 
C)  BTN duty. 
D)  specialized tariff. 
E)  antidumping duty.

Question 17

In an effort to attract assembly operations, Brazil allows certain product components to be imported at reduced tariff rates. This is an example of:

Accepted Answer

A)  offsets. 
B)  preferential tariffs. 
C)  the effect of the Customs Valuation Code. 
D)  an EMC. 
E)  discriminatory procurement. 
A)  offsets. 
B)  preferential tariffs. 
C)  the effect of the Customs Valuation Code. 
D)  an EMC. 
E)  discriminatory procurement.

Question 18

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?

Accepted Answer

Outsourcing refers to shifting productio

Question 19

Duty drawback refers to refunds of duties paid on imports that are processed or incorporated into other goods and then re-exported.

Accepted Answer

A) True 
 B)False

Question 20

________ is sometimes called a mother hen, a piggyback exporter, or an export vendor.

Accepted Answer

A)  Export broker 
B)  Export merchant 
C)  Cooperative exporter 
D)  Export manager 
E)  Manufacturer's agent 
A)  Export broker 
B)  Export merchant 
C)  Cooperative exporter 
D)  Export manager 
E)  Manufacturer's agent

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

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

________ 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.

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 Fly American Act is an example of a nontariff barrier.

The terms "export selling" and "export marketing" are interchangeable.

________ 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.

Export marketing is the integrated marketing of goods and services that are destined for customers in international markets. What does the marketing require?

Why does the tariff system vary from country to country? Explain, giving examples of tariffs imposed by the United States with particular emphasis on preferential tariffs. What are the conditions under which GATT allows the use of preferential tariffs?

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

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

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

Tariffs can be thought of as the "three Rs" of global business: rules, rigor, and regulations of individual countries.

An ad valorem duty is expressed as a percentage of the value of goods.

Tax incentives, subsidies, export assistance, and free trade zones are common support provided by governments to firms that engage in exporting.

Developed under the auspices of the Custom Cooperation Council (now the World Customs Organization) the system which took effect is referred to as:

In an effort to attract assembly operations, Brazil allows certain product components to be imported at reduced tariff rates. This is an example of:

Duty drawback refers to refunds of duties paid on imports that are processed or incorporated into other goods and then re-exported.

________ is sometimes called a mother hen, a piggyback exporter, or an export vendor.

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

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

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

________ 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.

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 Fly American Act is an example of a nontariff barrier.

The terms "export selling" and "export marketing" are interchangeable.

________ 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.

Export marketing is the integrated marketing of goods and services that are destined for customers in international markets. What does the marketing require?

Why does the tariff system vary from country to country? Explain, giving examples of tariffs imposed by the United States with particular emphasis on preferential tariffs. What are the conditions under which GATT allows the use of preferential tariffs?

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

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

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

Tariffs can be thought of as the "three Rs" of global business: rules, rigor, and regulations of individual countries.

An ad valorem duty is expressed as a percentage of the value of goods.

Tax incentives, subsidies, export assistance, and free trade zones are common support provided by governments to firms that engage in exporting.

Developed under the auspices of the Custom Cooperation Council (now the World Customs Organization) the system which took effect is referred to as:

In an effort to attract assembly operations, Brazil allows certain product components to be imported at reduced tariff rates. This is an example of:

Duty drawback refers to refunds of duties paid on imports that are processed or incorporated into other goods and then re-exported.

________ is sometimes called a mother hen, a piggyback exporter, or an export vendor.

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