Exam 16: Export and Import Management

To get an idea of market segments in a foreign country, the marketer can first group regions within countries across the world by macroeconomic variables.An illustration of one of these macroeconomic variables would be:

Exporting requires minimum resources while allowing high flexibility.

While US imports are huge, US exports are relatively small and support less than 2 million jobs in 2014.

The main emphasis of the Ex-Im Bank's lending practices today is in the area of:

The combination export manager (CEM) acts as the import department to a small importer.

A _____ is an export documentation specialist who handles Export Declarations, Certificates of Compliance, Consular, Origin, Chambers of Commerce signatures, export insurance, and airway and ocean bills of lading.

The seller's only responsibility is to make the goods available at the seller's premises.The buyer bears the full cost and risks of moving the goods from there to destination.

Indirect exporting leads to low customer loyalty.

If goods enter a _____, they can be re-exported anytime (up to five years) without payment of duty.

The _____ acts as the export department to a small exporter or a large producer with small overseas sales.

FOB is an acronym for _____.

The CEM stands for:

Pick three of the options available to exporters when it comes to terms of payment.Explain each of the options available based on your choice.

Since most world trade is done in dollars, the U.S.importer does not usually need to _____ foreign exchange transactions.

Piggyback exporting refers to the practice where U.S.firms that have an established export department assume, under a cooperative agreement, the responsibility of exporting the products of other U.S.companies.

Approximately how many databases (that can be used to help with international trade) are available online in the world?

A(n) _____ is a payment form where a shipment is held by the importer until the merchandise has been sold, at which time payment is made to the exporter.

A straight bill of lading is negotiable.

Describe the role the U.S.government plays in maintaining and fostering export activities.Demonstrate this role with specific examples of activities that the government might undertake.

If an exporter sells for cash, there is virtually no risk